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Gen Z has a bright future. The American worker will... The global gen Z is screwed, to be fair. Europe isn't good. China isn't good. The third world is the
by bioemerl 4y ago
Gen Z has a bright future. The American worker will...
The global gen Z is screwed, to be fair. Europe isn't good. China isn't good. The third world is the third world. They may do well, but doing well from a low start is lackluster.
Basically - the American Gen Z is going to be sitting in the hottest economy in the world for the next decade, providing labor where not a ton is available worldwide.
They will do alright, but we will be facing a lot of inflation along the way.
The rest of the world. Whoo boy. Buckle up and consider your ability to immigrate to these "golden" shores.
- ASalazarMX 4y agoDo you have a Venn Diagram of those golden shores AND global climate change oases AND less-likely war targets?
- bioemerl 4y agoGolden shores is basically a term for the USA. Anywhere northern and inland is pretty safe. Keep near a river for water, transport, and economic activity.
- poisonborz 4y agoDo you have a hint of reasoning behind these remarks? Why the problem is not global and why the US is an exception? No basic healthcare, a deeply divided society along an unchangeable 2 party system, weakening weight on world markets and economy, huge wealth inequality, massive exposure to upcoming climate change plus apparently the same general problems the rest of the modern world has - in which sense does it fare better?
- cykros 4y agoThe US has the luxury of having the reserve currency of the world, which is why it was able to churn out $6 trillion in quantitative easing over the past 2 years, enjoy a blast out of the gate as COVID wound down, and still be sitting on one of the world's top performing currencies in 2022 (behind only a few, including the Russian Ruble and the Israeli Sheckel). To boot, the demographics of the country are showing a labor pool that is growing slowly at best, if not shrinking, leaving labor in higher demand than historically was the case in recent times. There are some major issues no doubt, but wealth divides, access to quality healthcare, and climate change are hardly uniquely American -- if anything the latter is something America sees less danger from than much of the world (as many like to point out the injustice of, considering how much of a role America has had in fueling the problem). Of course, if the reserve currency status is lost, all bets are off. We'll see how kicking Russia off of SWIFT and encouraging the BRICS to rally around their own systems really works out over the next few years no doubt. For all those skirmishes fought over the last few decades to preserve the petrodollar, this year seems like the playing field has somehow changed.
- bioemerl 4y agoYou can ignore a whole lot of problems and you don't have war at your borders, an energy crisis, and your do have decades of wealth, self-sufficiency for food, and a history of coming out on top after times of crisis. The United States isn't good because of our politics, we are good because of our geography.