Gen Z is full of financial angst despite inheriting a golden labor market | CNN Business
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Gen Z is coming into the workforce and — in the grand tradition of what Millennials cringe-ily called “adulting” — they’re complaining about how much easier older generations have had it financially.
  • nkat2112@sh.itjust.worksEnglish
    991·
    9 months ago

    A job market does not itself qualify as “golden” when it offers slave wages to the populace.

    The oligarchs directing the media can keep up that capitalist desperation slant, but they might want to be mindful of the consequences. History might have something to say about that.

  • BigFig@lemmy.worldEnglish
    79·
    9 months ago

    What the fuck is a golden job market. Because what I’m seeing in my area is jobs paying below market average and requiring experience and qualifications way above entry level, for entry level jobs. Then nothing in between, jumping up to higher ranked administrative jobs that again, have ridiculous experience requirements

  • SuperSynthia@lemmy.worldEnglish
    57·
    9 months ago

    So this is an editorial with some data cited so I will attack it on those merits.

    1. The job market is largely a dog and pony show. Companies have all the power in the world when it comes to good jobs. The “golden job market” is for low paying jobs that suck to do. Rates need to go up full stop.

    2. They are correct in housing being a huge issue for both Z and Millennials. It missed the shot however for failing to identify corporate inclusion into the housing market driving up costs. Not to mention the parasite class known as landlords which has been a problem since the era of Lords and Serfs.

    3. The inflation argument is a misdirection. Look at corporate profits. The capital class is literally bleeding the worker class dry, while also lowering the quality of service/products.

    I could go on but I encourage others to actually read the article and form your own opinions. CNN isn’t as biased as Fox or MSNBC but they ultimately put a liberal (as in liberal markets) spin on the news they choose to report.

    • T156@lemmy.worldEnglish
      14·
      9 months ago

      Also that housing is now an investment commodity, like stocks.

      Why would anyone sell if they can just hold onto it and basically get free money, with maybe a bit of rent on the side?

      Or just using it to store money safely in something that reliably appreciates.

      • Maalus@lemmy.world
        201·
        9 months ago

        Because ultimately college / studies are mostly worthless and only prove you are a “hardworker” since an inconsistent person wouldn’t have a degree. All you actually learn, you learn at work and every company does stuff differently. So you get an “entry” position in a company that’s not willing to teach you and would rather just use you as a coffee maker

        • Trollception@lemmy.world
          83·
          9 months ago

          An important point is that it’s only a head start. Once you are actually working and have experience the degree doesn’t matter unless it’s required by the company or for government jobs. Plenty of people without degrees do very well for themselves. They don’t accept that working as a barista or at a gas station is a career and seek out other options.

        • callouscomic@lemm.eeEnglish
          1·
          9 months ago

          I have noticed for many years now in our hiring, one of the most important things candidates are concerned with is simply “do you fucking train how to do the job? Or are you a lazy idiot?” They don’t want to be in that position. It seems supervisors all over don’t know what the job means.

  • YeetPics@mander.xyz
    32·
    9 months ago

    Golden job market?

    Minimum wage in my state equates to about half of what a livable wage would be and prices are only going up on basics.

    My idea of a golden job market is working a single 40 hour week and being able to own a home and afford to keep my teeth.

    • altec
      16·
      9 months ago

      I blame Regan for the tax cuts and Clinton for the end of the Glass-Steagall act. It’s all bullshit.

    • Altofaltception@lemmy.world
      19·
      9 months ago

      For me, a better analogy is pyrite (commonly known as fool’s gold).

      It appears to be gold, but is in fact cheap iron sulphide. It is sometimes found in association with small amounts of gold, similar to some of those people that tend to come out of the woodwork when we complain about shitty work conditions, saying, “well I have a nice paying job”.

      • Codilingus@sh.itjust.works
        3·
        9 months ago

        You just reminded me, that the homies and myself aren’t going to Lake Tahoe this year. My favorite beach there has specs of fools gold in the water, and it’s pretty in the sun. The reason we can’t go? The prices for EVERYTHING there have tripled, since we went last year…

  • some_guy@lemmy.sdf.org
    8·
    9 months ago

    I’m tired of these We try to explain why young people think they are fucked despite their forbearers stealing their future, articles.