Yes that was a serious economic crisis but unlike past recessions of the early 90's and early 80's it wasn't prolonged and we did not see high rates of inflation, unemployment or interest rates./chuckle.
-just a few bullits.
The last serious recessionary period was the financial crises that started in 2008…….My how quickly we forgetAnd yes, we have seen numerous quarters of contraction since 2019
Worthless pedigrees.
There is truth to that.
Not sure when it really began, maybe the 80s.
But at some point parents (society) started putting enormous pressure on their kids to go to post. Many think it’s the only way to define success today. In fact, once boomers are done leaving the work force, many labour markets anticipate shortages. Everyone wants a pedigree, few want dirty jobs…Be that the trades, trucking, etc and etc.
Furthermore, on that topic. Is the school of thought that so many fields, have devalued the degrees. In short, supply>>>>demand.
We can see that, in the staggering numbers of kids that leave post with mountains of debt, and can’t find work in the related fields………
Numerous studies are also showing that Depression/anxiety is soaring amongst those in post. Mom/dad pressuring them to be Drs/Lawyers, when they just want to open a coffee shop. But that’s not what people/society think is a worthwhile and succesful life….mountains of debt, stiff competition for fewer jobs….
And in fact, these days, if you don’t have a pedigree of any kind. Have fun getting a job as a taxi driver, a mail room clerk at a big firm. Basically even entry level positions….Etc and so on..
-Rae days.
Came about because Bob Rae promised oodles of goodies to everyone, especially unionized public service employees, who to that point, historically supported the NDP….When to everyone surprise he won. Well he had to try and make good. He flushed Ontarios fiscal house down the toilet…Faced with out of control spending, debt, credit rating downgrades, he had to try and get it order. Hence Rae days. Unions bailed, got pissy, stopped supporting the NDP….and filling him the oh so popular “common sense revolution” but ever since Rae it’s been a shit show…but for what it’s worth, people obviously didn’t learn that painful lesson. We are in the same boat again. Mountains of debt, no money to try and close growing gaps in Healthcare, fix the good awful mess Hydro and rates are, no money for rainy days because the sun always shines. Etc etc.
It’s odd because ever since Rae we’ve had NDP, CON,LIB governments. All 3 political ideologies and nothing but problems. One common denominator (outside of everyone buying votes)
unionized public service employees, none more so….than those in
education.
As it relates to youth today. Boomers screwed the pooch.
Are millenials entitled?
- Thread starter stinkynuts
- Start date
If someone bought a house in the 90's for 80k then it was a dump. Salaries have increased quite a bit since the 90's.
When I was young I also spent $$$$ on video games, sporting goods, cars and their expenses, dates and their expenses, other fun things.
My favourite parenting quote is:
"There are 2 types of kids in the world: yours and everyone else's."
Other's kids aren't your problem.
Young people are high-minded because they have not yet been humbled by life.
The oldest boomers and the guys just a bit older than them even more so got the ultimate deal. Everything(jobs women) was totally picked over when the youngest boomers reached adulthood and the structure of the economy was totally changed(widespread personal computers,de-industrialization, intense competition, collapsing commodity prices). One of my sisters was a secretary during the mid 1970s(I was too young to work) and she told me about jobs where they had nothing to do, so she did knitting and stuff and the boss would drink and lay on the couch.
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“The children now love luxury; they have bad manners, contempt for authority; they show disrespect for elders and love chatter in place of exercise. Children are now tyrants, not the servants of their households. They no longer rise when elders enter the room. They contradict their parents, chatter before company, gobble up dainties at the table, cross their legs, and tyrannize their teachers.”
- Socrates, c. 400 BCE
- Socrates, c. 400 BCE
I see we both went to ancient Greece to show how old this idea is.
(Although yours isn't actually a Socrates quote - it's a summary of the various complaints about Children around that time in Ancient Greece and comes from the early 20th century.)
In other words... We will all get old. The idea is not to become an old fart
Each generation is different. And that's perfectly fine.
I think millennials recognize they are fucked by what Boomers (and to a much lesser extent) Gen X did to the economy. They realize they cannot likely buy a house in a place like Toronto (fuck, maybe not even in Hamilton/Whitby). They don't see job security like back in the day when you could have a job for nearly life, since corporations fire people like never before (they love to call it downsizing). Education costs have skyrocketed (still nowhere near as bad as the US, but it's higher than it was 10 years ago). Finally, I think they just don't give a fuck in a way that we should all aspire to. They call out bullshit more than older generations, who just took toxic behaviour and kept our heads down. The millennials I worked with were on the ball, sharp, and hard working. But they didn't buy into that work 50 hours a week to get noticed....because it really doesn't get you anything but over worked...
Post war was off to a great start for North America. Germany and Japan bombed out. Prosperity peaked around the mid to late 1970s.
I copy/pasted the Socrates quote from azquotes(dot)com.
Neither of us is old enough to confirm the exact words Socrates used to describe young people from that day, and he would not have said them in English. Perhaps shack or eddie kerr would know.
My mom was a data entry clerk in the days of reel to reel mainframes and dumb terminals. It would sometimes take over an hour to do certain tasks. All the ladies in the department took up knitting at the same time.
helicopter parenting and giving all the things a parent never had as a child. when people are given everything and have no fear of having nothing or have no understanding of the money, time, effort used to acquire such things it really provides no concrete ways to measure value for that person.
That’s the biggest difference between how GenX, vs Millennial, vs GenZ we’re raised and socialized
You asked me when was the last recession we went through. I gave it to you and you choose to ignore it.
Again you don't understand. So here we are again.
It's not a case of having to confirm.
The quote you have is from a guy's thesis, if I recall.
He doesn't claim it is a quote from Socrates - he is summing up the general tenor of many quotes from the era.
Someone later read that and printed it as a quote and it has been circulating ever since.
Truth.
But weren’t we all like that to one degree or another depending on what happened the first 20.
Life happens to everyone, and most people even those into their 30s, and sometimes some into their 40s haven’t really experienced adversity. Or if they have not many times.
kind of like Millenials.
but that’s on the parents.
