In other words, while it’s true that there are fewer guarantees than there used to be, it’s not true that everyone in the good old days had an easy path to lifetime employment. Those people were always a lucky minority. They still are, if a somewhat smaller one. Most people in the generations before the millennials had to struggle. They were afraid they wouldn’t be able to make it. They, too, were woken up in the wee small hours by their own economic terror. The reason your parents’ lives look so carefree to you? Well, in part because Mommy doesn’t usually tell little Timmy that she’s having night terrors over how to get him outfitted for school if the old minivan finally gives up the ghost. But mostly because all this was taking place when you were 6 years old. And everything adults do looks easy when you’re 6.
Megan McArdle, “Hey Millennials: You Got a Raw Deal. Get Over It”, Bloomberg.com, 2013-09-18
December 26, 2013
QotD: Today’s hard times versus the golden age of economic security
Comments Off on QotD: Today’s hard times versus the golden age of economic security
No Comments
No comments yet.
RSS feed for comments on this post.
Sorry, the comment form is closed at this time.
