> They have figured out that its much more about connections and office politics than hard work.
Maintaining relationships with different kinds of people is work. It's hard and meaningful work.
> They have figured out that there is really no job security, and they could be one layoff wave away from unemployment.
There most definitely is job security. Some people have lots of it, some have very little. There is no 100% job security, if that's what you were hoping for.
> They have figured out that its much more about face time and spending long hours at work rather than actually being productive.
Again, spending time with people in a social environment is a meaningful thing to do with one's life.
> They have figured out that the majority of their work, to their surprise is not actually that important or necessary.
It's not surprising that the majority of the product / code is not that important or necessary. If you are a good teammate, you might be an important or necessary part in your teammates daily lives.
> They have figured out that its important not to take too much vacations, because its an opportunity to loose the little work they have to someone else.
"many", "lose", "it's". I'm pretty close with my teammates, and I've never heard of any of them giving up any of their vacation time to get respect from our boss.
> They have figured out that they are never going to get payed the true value of their work, and that is almost the definition of being an employee.
I think that you if you'll try to give a definition of what you call "true value", it could be reduced to an absurdity.
> They have figured out that its all a system of serventry not too different from the medieval relation between master and servant.
I wish every person that said that would get to spend a couple of weeks as an actual slave, and would then report on their impressions.
> They have figured out that its a system that they are being grinded through and discarded, and that they are condemned for life to making someone else rich, never getting a chance to trully fulfill their dreams and ambitions.
Anyone wants to take on this one?