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Young people would sacrifice other perks for a 4-day workweek

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Re: Young people would sacrifice other perks for a 4-day workweek

#21

Post by SamuelAdams »

jt2190 wrote: post #2

Source for the article: “Younger workers want a 4-day workweek — and some would give up remote work or higher pay for it” https://www.bankrate.com/personal-finance/younger-workers-wa... > Close to 8 in 10 Gen X and baby boomer workers (or 78 percent for those between the ages of 43 and 77 combined) support a four-day workweek. > But younger workers indicate they’re willing to go to greater lengths for the schedule, a…

If they (or you, or anyone) want a 4 day work week, then why not pick a profession that allows it? Most healthcare related fields work in 12 hour shifts, so working 3-4 days a week is the normal standard.

Not every professional job is an office job 9-5.

Re: Young people would sacrifice other perks for a 4-day workweek

#23

Post by Jackevansevo »

onlyrealcuzzo wrote: post #7

Young people don't want to work hard because there's little incentive. No matter how hard you work, unless you're in the top 5%, you're far priced out of most places most people want to live. You can afford everything comfortably beside housing & health care (which you don't need much of when you're young) on a relatively low wage in the US. So you've pretty much given up on housing. What's the point in working hard?

Exactly why bother participating when the whole thing is rigged against you. May as well try and claw some of your life back.

Re: Young people would sacrifice other perks for a 4-day workweek

#24

Post by AnimalMuppet »

onlyrealcuzzo wrote: post #7

Young people don't want to work hard because there's little incentive. No matter how hard you work, unless you're in the top 5%, you're far priced out of most places most people want to live. You can afford everything comfortably beside housing & health care (which you don't need much of when you're young) on a relatively low wage in the US. So you've pretty much given up on housing. What's the point in working hard?

So you're not going to be able to live where most people want to live. That's far different from having no house.

"Giving up on housing" is not the right answer. "Start small and work your way up", like most of us did.

See, when you hit 20, you're looking at your parents, and you're seeing them when they're 45 or 50. You're not seeing them when they were 20. You expect that you're going to be able to live like they do at 50, not like they did when they were 20. That's not realistic.

But the answer isn't to give up. The answer is to keep working on it, over decades, instead of expecting it to be handed to you on day one.

Re: Young people would sacrifice other perks for a 4-day workweek

#25

Post by SamuelAdams »

If they (or you, or anyone) want a 4 day work week, then why not pick a profession that allows it? Most healthcare related fields work in 12 hour shifts, so working 3-4 days a week is the normal standard.

Not every professional job is an office job 9-5.

Re: Young people would sacrifice other perks for a 4-day workweek

#26

Post by bequanna »

onlyrealcuzzo wrote: post #7

Young people don't want to work hard because there's little incentive. No matter how hard you work, unless you're in the top 5%, you're far priced out of most places most people want to live. You can afford everything comfortably beside housing & health care (which you don't need much of when you're young) on a relatively low wage in the US. So you've pretty much given up on housing. What's the point in working hard?

As someone who considers themselves to be pretty motivated and entrepreneurial, I look around and see very little opportunity. Businesses that actually make money trade at all time high multiples while funding for a new business is non existent. Want to buy a business? Good luck, high interest rates squeeze margins to nothing.

The financialization of housing means you’re competing with massive hedge funds when you want to buy a home or invest in real estate.

Incredible government defect spending ensures more inflation which will outpace salary increases.

This is how I’ve heard the late 70s/early 80s as being described: general malaise.

Re: Young people would sacrifice other perks for a 4-day workweek

#27

Post by yodsanklai »

I negociated a 4-day workweek for my first job when I was 23.

25 years later, I wouldn't do it. I'm worried for my retirement, I don't think I'll have enough saving to live in a safe and convenient place, and have access to good healthcare. This is the type of things you don't think of when you just graduate and are used to the student worklife.

Re: Young people would sacrifice other perks for a 4-day workweek

#28

Post by onion2k »

trident5000 wrote: post #19
onlyrealcuzzo wrote: post #7

Young people don't want to work hard because there's little incentive. No matter how hard you work, unless you're in the top 5%, you're far priced out of most places most people want to live. You can afford everything comfortably beside housing & health care (which you don't need much of when you're young) on a relatively low wage in the US. So you've pretty much given up on housing. What's the point in working hard?

I keep hearing this but home ownership percentage is comparable to past generations when you actually look at the data. https://fred.stlouisfed.org/series/RHORUSQ156N Also gen z has surpassed millennials and genx in home ownership (with comparable timing). ""In 2022, 30% of 25-year-olds owned a home. At the same age 28% of millennials, and 27% of Gen Xers owned homes, according to real estate brokerage, Redfin."" htt…

Im more inclined to believe the lazy mentality is from lifestyle and cultural stemming

If this generation is on a par with previous generations, or even surpassing them, wouldn't that indicate they're less lazy? You can't have it both ways - either they're lazy and that explains why they're behind, or they're not behind and that has to mean they're not lazy. How can they be both lazy and ahead?

Re: Young people would sacrifice other perks for a 4-day workweek

#29

Post by ethanbond »

trident5000 wrote: post #19
onlyrealcuzzo wrote: post #7

Young people don't want to work hard because there's little incentive. No matter how hard you work, unless you're in the top 5%, you're far priced out of most places most people want to live. You can afford everything comfortably beside housing & health care (which you don't need much of when you're young) on a relatively low wage in the US. So you've pretty much given up on housing. What's the point in working hard?

I keep hearing this but home ownership percentage is comparable to past generations when you actually look at the data. https://fred.stlouisfed.org/series/RHORUSQ156N Also gen z has surpassed millennials and genx in home ownership (with comparable timing). ""In 2022, 30% of 25-year-olds owned a home. At the same age 28% of millennials, and 27% of Gen Xers owned homes, according to real estate brokerage, Redfin."" htt…

The data is completely unambiguous: housing prices are (and have been) rising much, much, much faster than wages.

Re: Young people would sacrifice other perks for a 4-day workweek

#30

Post by trident5000 »

onion2k wrote: post #28
trident5000 wrote: post #19

Earlier quoted context omitted.

I keep hearing this but home ownership percentage is comparable to past generations when you actually look at the data. https://fred.stlouisfed.org/series/RHORUSQ156N Also gen z has surpassed millennials and genx in home ownership (with comparable timing). ""In 2022, 30% of 25-year-olds owned a home. At the same age 28% of millennials, and 27% of Gen Xers owned homes, according to real estate brokerage, Redfin."" htt…

Im more inclined to believe the lazy mentality is from lifestyle and cultural stemming If this generation is on a par with previous generations, or even surpassing them, wouldn't that indicate they're less lazy? You can't have it both ways - either they're lazy and that explains why they're behind, or they're not behind and that has to mean they're not lazy. How can they be both lazy and ahead ?

I think its bifurcated. Theres ambitious and lazy people in every generation.
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