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I think the macro issue here is that another generation is waking up to the reality that wages have remained stagnant over the past several decades while costs

I think the macro issue here is that another generation is waking up to the reality that wages have remained stagnant over the past several decades while costs of living has continued to skyrocket. Inflation makes this so much worse. Of course, the ownership & political classes will do nothing about it - they quite like the way things are, as unsustainable as they may be.

tick_tock_tick 4y ago
I mean the "ownership & political classes" created the situation. Almost all of this can be traced to massive inflows into cities and a failure to build enough housing in those cities. Construction hasn't been limited by people not wanting to build shit but rather zoning, environmental impact, "social", and a half dozen other excuses. Maybe mass remote work will fix this by spreading people out over cheaper area's but I have my doubts on how much remote work will last through this next economic cycle.
- quickthrowman 4y ago
  > I have my doubts on how much remote work will last through this next economic cycle. Full remote positions will evaporate if unemployment gets to the point of hundreds of applicants per position.
tunap 4y ago
Whenever I hear someone say "kids today don't want to work", I like to take the opportunity to stroll them down memory lane as to how much they earned THIRTY years ago. I, myself,had a good, paid internship making $10/hr @ 30 hrs/wk (1991 > 1993) & still had to have a roommate to help pay the bills(I did pay most college expenses, as I went). Gasoline has quadrupled, food has tripled, avg rent has tripled/quadrupled and HC insurance has ballooned many more factors since then. Take a look at the non-tech jobs available today, $12-$15/hour is the norm for anything entry-level, with a very low ceiling. I cannot blame anyone for not wanting to break their back to subsist. Something has to change. Edit: added @ 30 hrs/wk
- slavik81 4y ago
  You were quite fortunate. I was making $6.50/hr in 2004.
  - fknorangesite 4y ago
    I believe that is their point exactly.
- paxys 4y ago
  I got my first job stacking grocery shelves while in college in 2005, and it paid $8/hr. My rent was $350/mo and college tuition was ~$3000 per semester (and this was at a top ranked public university). A Chipotle burrito (with guac) cost $5.50. Working part time 20 hours/week during the semester and extra over the summer would cover all of my living expenses and most of tuition, and my family chipped in for the rest. Today that job pays $10/hr. Rent in a similar building is $1000-1200 and tuition is $11,000 per semester. That burrito is $15. No shit Gen Z is unhappy.
- amelius 4y ago
  Yeah but you weren't constantly reminded how much you could have made via social media.
guestbest 4y ago
It’s called neofeudal which has been the global economic trend since the 2008 crash.
- matheusmoreira 4y ago
  That's interesting... Where can I learn more about this?
  - guestbest 4y ago
    I suppose I could just tell you about it. Just get in touch with me.

tick_tock_tick 4y ago

I mean the "ownership & political classes" created the situation. Almost all of this can be traced to massive inflows into cities and a failure to build enough housing in those cities. Construction hasn't been limited by people not wanting to build shit but rather zoning, environmental impact, "social", and a half dozen other excuses. Maybe mass remote work will fix this by spreading people out over cheaper area's but I have my doubts on how much remote work will last through this next economic cycle.

quickthrowman 4y ago
> I have my doubts on how much remote work will last through this next economic cycle. Full remote positions will evaporate if unemployment gets to the point of hundreds of applicants per position.

tunap 4y ago

Whenever I hear someone say "kids today don't want to work", I like to take the opportunity to stroll them down memory lane as to how much they earned THIRTY years ago. I, myself,had a good, paid internship making $10/hr @ 30 hrs/wk (1991 > 1993) & still had to have a roommate to help pay the bills(I did pay most college expenses, as I went). Gasoline has quadrupled, food has tripled, avg rent has tripled/quadrupled and HC insurance has ballooned many more factors since then. Take a look at the non-tech jobs available today, $12-$15/hour is the norm for anything entry-level, with a very low ceiling. I cannot blame anyone for not wanting to break their back to subsist. Something has to change. Edit: added @ 30 hrs/wk

slavik81 4y ago
You were quite fortunate. I was making $6.50/hr in 2004.
- fknorangesite 4y ago
  I believe that is their point exactly.
paxys 4y ago
I got my first job stacking grocery shelves while in college in 2005, and it paid $8/hr. My rent was $350/mo and college tuition was ~$3000 per semester (and this was at a top ranked public university). A Chipotle burrito (with guac) cost $5.50. Working part time 20 hours/week during the semester and extra over the summer would cover all of my living expenses and most of tuition, and my family chipped in for the rest. Today that job pays $10/hr. Rent in a similar building is $1000-1200 and tuition is $11,000 per semester. That burrito is $15. No shit Gen Z is unhappy.
amelius 4y ago
Yeah but you weren't constantly reminded how much you could have made via social media.

guestbest 4y ago

It’s called neofeudal which has been the global economic trend since the 2008 crash.

matheusmoreira 4y ago
That's interesting... Where can I learn more about this?
- guestbest 4y ago
  I suppose I could just tell you about it. Just get in touch with me.