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American Dream Fades for Generation Y Professionals

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Re: American Dream Fades for Generation Y Professionals

#51
I'm so sick of hearing about how bad we--us poor, lost kids from Generation Y--have it. I'm so sick of hearing about the odds, about the unemployment rate, about how everything's our fault because we're too entitled, or about how nothing's our fault because the economy you see.

I live in a rented house with several other young folks trying to get by in our industry. I'm working today instead of taking a bus home to see my family. I'd work tomorrow if I needed to. My computer equipment is worth more than I have in the bank, because that's my capital investment in myself and my work.

My roommates are all fleeing rolling boulders of student debt--a situation I'm not in only because I devoted a sizeable chunk of my old salary to paying it off. Once that debt was paid off, I quit my job, because the company was never going to go anywhere with its attitude and codebase.

We don't have or want picket fences, we don't have two cars in the 'burbs, we don't want to sit in front of the TV and veg out. That's something we inherited from the boomers and Madison Avenue.

The people I know, whether they're architects, or lawyers, or coders, or dealers, or hustlers, all are in pursuit of the same dream that our forefathers pursued. We're all good people, with strong work ethics and a desire to see our kids grow up better than we did into a world kinder than ours.

We want to live in a country where you can build a business, help your community, and do so without worrying about getting blackbagged or destroyed by bureaucracy, where you can smoke a joint or drop acid and go into work that afternoon and change the fucking world with a commit or a hammer.

(And we're doing this in the Midwest, in Texas no less--no Bay Area bubble for these views!)

We aren't afraid of evil brown people somewhere else in the world, and we don't want to cast a "supporting vote" in a system as obviously corrupt and rigged as the current US government. We don't want to take away people's rights because we're afraid for our own little lives and our stuff from Ikea. We don't care about your abortion, or your sexuality, or whatever you do in your free time.

Don't tell me, don't show me, don't bloody try to sell me this notion that the American Dream is dead--we're just returning to its roots.

Re: American Dream Fades for Generation Y Professionals

#52
post #27

Less jobs for lawyers generally seems like a good thing to me. Like investment banks lawyers do not create much (any?) value. That's a good sign for society. There may be some hope left. Now it's not good for those who wasted a lot of money on a law school. They made a bad decision and will adjust.

And yet there are more and more law schools gleefully suckering new students into the major and getting rich off of it, while not being able to provide a return on the investment. That's a very bad thing.

Lawyers as a whole are not a symbol of malaise. It really depends on what kind of lawyers are around. You increase regulation in an industry, then companies in that industry are going to need to hire lawyers to advise the companies on how to comply. You're also going to need people familiar enough with the law to write good regulatory legislation.

You want startups to make deals with each other, and to receive investments? You're going to want lawyers who can sort out the terms and put it in writing that reflects the intent of all stakeholders. So much misery and broken friendship between co-founders could have been easily relieved by using contracts instead of handshakes.

If you're investing in a company, it's likely you'll want a lawyer to perform due diligence on the company's current contractual obligations.

Re: American Dream Fades for Generation Y Professionals

#53

Gen Y's and Baby Boomers are the two largest examples of irrationality that this nation has ever seen. Gen Y for thinking that you can just do whatever you want and expect a high salary for it. I look at my peers from high school and can't believe some of the entitlement issues they have. Boomers for thinking that they could continuously f * over an entire generation with their robbing of social welfare systems and e…

Really? You'd think the generation that let World War I happen, or the many generations that practiced lynching as not merely a means of punishment but a form of entertainment, or the generation that thought Andrew Jackson's bank policy was a good idea, would have us beat.

I would be more worried if your peers were satisfied with drudge work for low wages. No kind of progress is possible if you're content to live in the gutter.

Also, if wages were rising, social security taxes wouldn't have to go up at all.

Re: American Dream Fades for Generation Y Professionals

#54

As a member of Generation Y, it is hard to have much sympathy for the "plight" of GenY compared to pretty much any other generation in world history. We haven't been drafted into foreign wars or had to suffer through a real depression. A third of us didn't die in an influenza epidemic. Our women and minorities haven't had to face entrenched and legally immovable workplace discrimination. We have had to face no real l…

Not that I'm defending grumblers, but I think a lot of the upset and anger comes from the fact that the opportunities aren't as readily available as they once were. The developed world is a much more regimented place than it once was, with fewer employers will to take chances on the people they employ. The classic trap a lot of Gen Y find themselves in is that they're not considered for jobs because they don't have e…

Fewer employers taking chances? What about Gen Y being the generation of job-hoppers? It's hard for a demographic to build up seniority in the workplace when they're so mobile between them.

Re: American Dream Fades for Generation Y Professionals

#55

Gen Y's and Baby Boomers are the two largest examples of irrationality that this nation has ever seen. Gen Y for thinking that you can just do whatever you want and expect a high salary for it. I look at my peers from high school and can't believe some of the entitlement issues they have. Boomers for thinking that they could continuously f * over an entire generation with their robbing of social welfare systems and e…

To be fair some of the feelings of entitlement and the sense of "do whatever you want" of Gen Y come from the boomers. When growing up I remember being told from an early age by adults that my generation would have it great, their generation was putting everything in place for peace and prosperity such as access to education, better medicine and technology etc. The overriding message was really just to work hard and…

The overriding message was really just to work hard and everything would come good.

On the other hand, every gen before Y was told "just work hard", no light at the end of the tunnel, no 'it gets better'.

Re: American Dream Fades for Generation Y Professionals

#56

I'm so sick of hearing about how bad we--us poor, lost kids from Generation Y--have it. I'm so sick of hearing about the odds, about the unemployment rate, about how everything's our fault because we're too entitled, or about how nothing's our fault because the economy you see. I live in a rented house with several other young folks trying to get by in our industry. I'm working today instead of taking a bus home to s…

An exercise in trading anecdotes isn't going to get anyone anywhere. The fact that the people you've surrounded yourself are relatively well off does not offset problems surrounding unemployment and falling wages.

Re: American Dream Fades for Generation Y Professionals

#57
post #43

From the article: "Three and a half years after the worst recession since the Great Depression, the earnings and employment gap between those in the under-35 population and their parents and grandparents threatens to unravel the American dream of each generation doing better than the last." There have been many postings to Hacker News recently with similar themes. The situation described increasingly looks like the s…

I've heard many gen Y'ers talking about how baby boomers screwed it up for them but I had never heard baby boomers saying the same about their parent's generation. It doesn't make that much sense to me since boomers are retiring better off than their parents while gen Y is the first generation that will be worst off.

You know, there is a generation that's between boomers and Y, right? Are you saying that X will be better off than the boomers, before it tailspins to the Ys? Shouldn't the blame lie on the X's then?

Re: American Dream Fades for Generation Y Professionals

#58
post #56

I'm so sick of hearing about how bad we--us poor, lost kids from Generation Y--have it. I'm so sick of hearing about the odds, about the unemployment rate, about how everything's our fault because we're too entitled, or about how nothing's our fault because the economy you see. I live in a rented house with several other young folks trying to get by in our industry. I'm working today instead of taking a bus home to s…

An exercise in trading anecdotes isn't going to get anyone anywhere. The fact that the people you've surrounded yourself are relatively well off does not offset problems surrounding unemployment and falling wages.

We're not "well-off" by any stretch. We're happy, we're motivated, but we're all sitting on respective powderkegs of fiscal disaster. I'm uninsured--one slip in the bathroom and I'm bankrupt. We live in a house because we can split rent and utilities super cheaply and it lets us live next to where we like working.

I'll be the first one there with you waving signs about unemployment problems and falling wages--do you have any idea how annoying it can be to get livable rates in my area? Where are you from sir (or madam)?

My point was that some notion of the "American Dream" is far from dead or ailing--it's merely changed to something less materialistic.

EDIT: praptak nailed it.

Re: American Dream Fades for Generation Y Professionals

#59
post #56

I'm so sick of hearing about how bad we--us poor, lost kids from Generation Y--have it. I'm so sick of hearing about the odds, about the unemployment rate, about how everything's our fault because we're too entitled, or about how nothing's our fault because the economy you see. I live in a rented house with several other young folks trying to get by in our industry. I'm working today instead of taking a bus home to s…

An exercise in trading anecdotes isn't going to get anyone anywhere. The fact that the people you've surrounded yourself are relatively well off does not offset problems surrounding unemployment and falling wages.

I got the impression that GPs point was that the American Dream is about improving ones own fate (especially when the environment is hard) rather than complaining about unemployment and wages.

Re: American Dream Fades for Generation Y Professionals

#60
post #43

From the article: "Three and a half years after the worst recession since the Great Depression, the earnings and employment gap between those in the under-35 population and their parents and grandparents threatens to unravel the American dream of each generation doing better than the last." There have been many postings to Hacker News recently with similar themes. The situation described increasingly looks like the s…

I've heard many gen Y'ers talking about how baby boomers screwed it up for them but I had never heard baby boomers saying the same about their parent's generation. It doesn't make that much sense to me since boomers are retiring better off than their parents while gen Y is the first generation that will be worst off.

Wait, what doesn't make sense about that?
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