Gen Y is suffering from serious Baby Boomer delusions

One of my fellow bloggers wrote to say that she was mad as Sheol and not going to take any more abuse from “old” people who blame our society’s problems on the “relevant” people.  I would have to say that, in many ways, she is correct.  Let’s discuss.

First of all, read this blog on why-generation-y-yuppies-are-unhappy,  It tells most of the story quite well and with nice graphics (for which I, the boring old guy, have no time, and my doodle board isn’t hooked up either).

The author’s main point is that Y Gens have expectations that are far above what reality can provide.  This is the biggest cause of their unhappiness.  For too many years, too many people told them they were special and should expect life to be one big fairy tale.  And, yes, that is true.  Us old people did coddle the young people and shield them from reality.  But, the other problem is that reality has drastically changed.

1. The college education that used to define the path to the cushy job and the privileged life is now necessary to do just about anything.  Consequently, even those with fantastic college resumes stand out little from the crowd.  This is also exacerbated by the fact that…

2. The university degree, which used to mean a “universe of diversity of disciplines”, in which a college student learned how think logically about every aspect of civilization has been replace with a college experience which is focused more on how to use condoms and contraceptives, how to bail drunken friends out of jail, and also on how to properly fill in government and employer forms correctly.  This, of course, is also made even worse by the fact that…

3. The average college education of today cost ten to twenty times what it cost for my generation, calculating for inflation, while the average starting salary of a college graduate, calculating for inflation, is about half of what it was for my generation.

4. The cost of living is much higher for the newer generations, given that costs for healthcare, transportation and food (which are conveniently left out of inflation indexes) have skyrocketed.

5. Startup costs for new businesses and costs for established businesses to add employees are, because of new regulations, so high that it’s almost impossible to find a job and even less impossible to “pull yourself up by your own bootstraps” and start your own company.  For instance (as I have recently found out) if you decide to start a one-man roofing business, you would need a minimum if $15,000 just to meet minimum licensing and insurance requirements.  Throw in a beater truck and the bare equipment and It would take about ten average roofing jobs just to break even.  That leaves you with about half a year to make money if you live in a warm climate.  Minus additional workman’s compensation payments, you might end the year with $20,000 profit (before income taxes and replacement tools) for doing arguably one of the hardest jobs on the planet.

I’ve heard some people complaining about young adults who continue to live with their parents instead of finding their own apartments.  I say, man are these younuns smart!  If I were a young adult today,  I’d skip college, work at McDonald’s, live in the basement, stay under my parent’s healthcare, and SAVE my money till I’m 28 or 30.  Then, instead of massive college loans to repay and living on revolving credit with no hope of a house or a family, I’d have enough for a small starter home and a much better idea of the world and what I want to do in it.  Besides.  Who knows how the landscape will change in ten years?  The who will be able to take advantage when new opportunities knock are not the ones saddled with huge debt loads and one-dimensional degrees.  Sure, some people are going to look down their noses at you for slumming on your parents.  But, if you are kind to your folks, help with the chores, help buy food and cook, and maybe help with a little rent, it can be a win for everyone.  So, who cares if some “old” people are whining about it?

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