The Korean Youth Who Have Given Up on Life: The “N-Po Generation”

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Louis Zhao

Louis Zhao

Күн бұрын

Пікірлер: 1 100
@TheLouisZhao
@TheLouisZhao 9 күн бұрын
[03:45] - "Diamond is valuable because it's rare. If diamonds are as abundant as water, no one would buy them. This intuition can be applied in a way to college degree as well..." Additional Context for the Analogy: I appreciate the insightful comments regarding diamonds and their rarity! To clarify, the analogy is more about perceived rarity and how market forces shape value rather than a strict commentary on the geological abundance of diamonds. Historically, companies like De Beers have played a significant role in controlling diamond supply, creating a perception of scarcity to maintain high market value. This practice made diamonds seem rare and, therefore, financially valuable in the market, even though they are not geologically rare compared to many other gems. Similarly, the value of a college degree is influenced by how many people have it. As more degrees enter the market, their perceived value diminishes-not because education itself is less important, but because it's no longer a distinguishing factor in job markets or social status. Thanks for engaging with this discussion and adding depth to the topic! Let's keep the conversation going. 💎✨
@ANTICHRIS619
@ANTICHRIS619 6 күн бұрын
Diamonds have no intrinsic value... humanity can easily thrive without diamonds...but without water humans cant last 2 days
@bojnebojnebojne
@bojnebojnebojne 6 күн бұрын
That concept can be applied to anything the can derive value.
@Tenelia
@Tenelia 5 күн бұрын
Hey Louis. I'm mainly a student of the social sciences, and have observed that this "trend" existed across all human civilization for thousands of years. As systems and societies collapsed, we will eventually see the rise of philosophies, minimalist living, and focus on self-mastery or enlightenment. This won't last forever because people die and memories are short. Things that are not taught and enforced become forgotten by the 3rd generation.
@thisnthat7760
@thisnthat7760 5 күн бұрын
Sorry! Diamonds aren't rare... It's the industry that's making it "rare"
@RockBottom45
@RockBottom45 4 күн бұрын
It's like "I'm talking about Germany". Many similarities
@dillongarner1
@dillongarner1 20 күн бұрын
This is absolutely a world wide problem. This is the top 1% against the 99%. The sooner we all realize this, the better.
@williamyoung9401
@williamyoung9401 7 күн бұрын
This is the world the billionaires want for us; dystopia. They want us broke and apathetic; then they can do whatever they want.
@jorchinadl
@jorchinadl 7 күн бұрын
@@williamyoung9401 conspiracy theoriest .they just rich that is all
@dudemanismadcool
@dudemanismadcool 7 күн бұрын
@jorchinadl And you just played right into their hands there buddy. Pull your head out of the sand clown.
@DescartesStrollsIntoAPub
@DescartesStrollsIntoAPub 6 күн бұрын
@jorchinadlGood little toady. Keep making excuses for the rich. They’re sure to let you into the country club this time.
@ch3cksund3ad
@ch3cksund3ad 6 күн бұрын
The sooner we all act like Luigi, the better
@PqV72MT4
@PqV72MT4 Ай бұрын
Seems like young people dropping out, no job, no family, no house is becoming a worldwide phenomenon. I am beginning to think something different will be born. A new way of being in the world. I hope a beautiful new reality.
@mtdewramen
@mtdewramen Ай бұрын
Scaling back consuming is a good start, rejecting most norms that are outdated and resource draining.
@jaz4591
@jaz4591 Ай бұрын
Giving up despite the difficulty is cowardly. These young people going to regret not becoming or doing anything meaningful with their lives...
@Foden5354
@Foden5354 Ай бұрын
Universal basic income, also this is happening because they want us ready for when the robots steal our jobs, they want it to be a smooth transition, they'll make it so we all want it that way
@Batkhuyag1300
@Batkhuyag1300 Ай бұрын
@@jaz4591when you working 60 hours a week studying, even after graduation cant find a good job barely affording your food, why bother. Most people will give up. There’s no point in working hard if you’re not gonna earn anything in return.
@jaz4591
@jaz4591 Ай бұрын
@@Batkhuyag1300 slow money is better than no money and sure beats being broke and miserable because that's your only other option if you don't have faith. Imagine being broke and miserable in your 20s and being in the same state in your 50s. That is true hell...
@Aeschee
@Aeschee Ай бұрын
It's a common problem where property prices keep going up. Every country, every nation have the same problem.
@steak5599
@steak5599 Ай бұрын
When was this not an issue, though... The Percentage of Home owners vs Renter haven't really changed much.
@ICDeadPeeps
@ICDeadPeeps Ай бұрын
Biggest issue is the centralization of Korea's population into Seoul (over 50%). Excess demand over limited supply of housing, which greatly inflates housing prices. They need to spread out the population, as well as employment opportunities, all through the country.
@fransmith3255
@fransmith3255 Ай бұрын
Exactly. Every developed country has it's oligarchy who owns everything, every developed country has a kind of hopelessness in many of their young people for similar reasons, every developed country has the capitalism that means that the rich get richer and the poor get poorer, with very little getting out of that. Welcome to the world of developed countries, Korea. This is it. We all have capitalism to thank for that, it's getting worse, and it will continue to get worse because the capitalists are the ones who have the money and power, and thus no interest whatsoever of solving these problems so that everyone has opportunities for a great and comfortable life. That's against their interests. They have no intention of changing that direction. This is in every country. South Korea is just now catching up to what is has been normal for a few decades now in the west, sadly.
@ikeafanatic1749
@ikeafanatic1749 Ай бұрын
I feel like we're all ants in a suicidal death march. Civilization is a god-like creation capable of revolutionizing any aspect of life through innovation. It can make death and suffering irrelevant, it can create 'heaven', it can increase your lifespan. It can create new ways of life. And we need new ways of life, the current ones are so unhealthy and don't have much imagination
@ICDeadPeeps
@ICDeadPeeps Ай бұрын
@@fransmith3255 What you're describing isn't a problem with capitalism; they're problems associated with centralization of power and wealth. Every developed Western nation is a hybrid centralized capitalist system moving more and more socialist with bigger and more powerful governments. In a pure capitalist economic model, corporations would not exist and everything would be more de-centralized.
@nonjaninja4904
@nonjaninja4904 19 күн бұрын
Modernity is a hellscape. I don't know why anyone would want to pass this misery on to anyone else.
@reheyesd8666
@reheyesd8666 13 күн бұрын
Of all the parallel universes to be born into, we live in the clown world one.
@Wingedmagician
@Wingedmagician 7 күн бұрын
You guys clearly don’t know any history
@alexandrabellerose3550
@alexandrabellerose3550 7 күн бұрын
@@Wingedmagician now matters and now is still shit
@GeddyRC
@GeddyRC 6 күн бұрын
@@Wingedmagicianthese types of responses serve no purpose except to say “look at me, I am so smart.” What’s your point? That we aren’t living during the Dark Ages? Great, so obviously since it was really bad for reasons hundreds of years ago, it’s better now so everyone should be stoked to grind it out day after day. Life is far more complicated than you double digit IQ commentators make it out to be.
@bobzilla-1
@bobzilla-1 6 күн бұрын
@@Wingedmagician Across history. Every time, without fail. A societal class that's mistreated and oppressed starts a revolution to overthrow their rulers. We don't have kings, we have oligarchies and monopolies.
@Venomater2012
@Venomater2012 Ай бұрын
This isn't just a problem in Korea, but all over the world. In the U.S. we have the same exact problem as I can speak on that personally.
@KingGodzilla-m2t
@KingGodzilla-m2t Ай бұрын
Same in India Salary is stagnant since 2014 But Inflation got doubled People have no Savings, just earning for everyday food and no growth. Politicians are just brainwashing people and saving Religion/country from Invisible enemy. Daily Basic life is becoming extinct.
@DaRKHuNTeRMK
@DaRKHuNTeRMK Ай бұрын
Europe is even worse nowadays, on average the entire western world has the same problem, from the same source and it will pop somewhere, eventually, hopefully, otherwise we perish while the wealthy few juwt change passports.
@necococo
@necococo Ай бұрын
Yep. Sadly is just a consequence of capitalism growing more and more unchallenged, allowing corporate greed to take priority over people's basic survival needs. :( It's probably worse in SK though, as corporations are (believe it or not) even more deeply embedded into their government. Add to that the extreme pressure in South Korea (like with many Asian societies) for people to be "successful" (rich professional) and have family. There's a much higher stigma on the poor in East Asian countries, and public rarely helps poor over there, compared to USA (as bad as USA is, the society is slightly nicer to homeless like strangers more likely to give beggars some money, donating to poor being a bigger thing in US culture, etc). Basically, being homeless in East Asia is almost like a death sentence... Myself and many others my age are in the same boat of having to live with parents, and that's for those who are lucky to even have still a relationship with their parents... Even my brother who he and his wife both work, they have kids and can't afford to move out of my parents' house. I noticed they have bad spending habits (possibly shopping addiction?) and I sometimes worry it's because of things like this, that they maybe gave up trying to find another home, so they use the money on things that they feel make them happy in the moment. But also, it's sad how many kids in USA get disowned (which I believe is one reason homelessness is so common here vs Asia), I had befriended 2 homeless people my age too and it's sad because they both were victim to abandonment by their parents just for being gay or transgender, could only survive due to being lucky enough to be placed in youth homeless shelters. They basically have to start from scratch, and with no wealth or life skills to begin with, it's extremely difficult for them, especially when the short-term "solution" tends to be alcohol or drugs and abusive relationships, which tend to lead to addiction as it's their crutch to mentally trudge through difficult life.
@apedradesisifo4081
@apedradesisifo4081 Ай бұрын
Bai lan in china Hikikomori in japan Neet in europe Nem nem in Brazil
@rose-yeah
@rose-yeah Ай бұрын
Same in my country Algeria and my country is a third world country. A lot of people are immigrating because dollar and euro is a lot here. With 20k you can buy a house. But visa is hard so people immigrate illegally. Unfortunately some dies in sea. Some have sick parents here.
@yokiryuchan7655
@yokiryuchan7655 Ай бұрын
This isn't just a problem in Korea. It's everywhere.
@necococo
@necococo Ай бұрын
It's simply more extreme/advanced over there. Something we should be studying and talking about more worldwide, as it is basically what our future could look like or is in the process of currently heading towards, if nothing is done to curb extreme late-stage capitalism. In USA we're also seeing things like the incel and 4B movements which are even more extreme/advanced in South Korea, becoming more and more prevalent here too. Also cosmetic surgery, face-shaping filters, and fillers becoming a bigger and bigger thing with young people even in USA is concerning, since it also seems to mirror South Korea's obsession with appearances and cosmetic procedures that has been an extreme issue for a much longer time over there.
@derjadebaum9159
@derjadebaum9159 Ай бұрын
agree, to some degree Japan in that regard is the most "advanced". They already adapted with robots (not androids!!) support in healthcare.
@ggez5890
@ggez5890 Ай бұрын
Good
@richardscathouse
@richardscathouse 27 күн бұрын
I think about that everytime is see an "Immigrate" post 😢
@lordprotector3367
@lordprotector3367 24 күн бұрын
@@necococo I think it seems to most severe in Japan.
@loodwich
@loodwich Ай бұрын
In Spain, you have the Ni-Ni (not studying, not working) since 2010, the result. the young people who go to the university is reduced by 50%, and the people who have jobs can not afford a family. Usually, they live with their parents, and if they have children, they still live with their parents.
@gerardusch
@gerardusch Ай бұрын
They call this NEET in the English speaking world
@yoonahkang7384
@yoonahkang7384 Ай бұрын
lol in Chile a 28% study and the fascist part of the government still complain that economy is lacking in lower rank jobs (badly paid).
@bayjustin3885
@bayjustin3885 Ай бұрын
University reduced by 50% ??? That’s crazy 😮
@Charlie-hb9ic
@Charlie-hb9ic 27 күн бұрын
Wall Street is the reason. Financial capitalism is destroying Western Civilization and any nation occupied by the US.
@investidoramador9850
@investidoramador9850 25 күн бұрын
how can that be such a worldwide problem,in brazil they sare called nem-nem,dont study,dont work,and also building a family and having kids is impossible with a regular job,people lately cant even afford rent,when they pay it they have little to eat at home
@triptirathore9027
@triptirathore9027 Ай бұрын
This is happening all over the world actually!
@fransmith3255
@fransmith3255 Ай бұрын
Yep. South Korea is just catching up with the status quo in other developed countries. There is nothing different here. This is completely normal in developed countries.
@MadMalkavian
@MadMalkavian 25 күн бұрын
​@@fransmith3255 normal? This is not the word you should use
@5kamon
@5kamon 14 күн бұрын
​@@fransmith3255 catching up? they look like the vanguard. Not many countries have this much pressures put on work/education/cultural or preexisting capital accumulation of this magnitude.
@rumataastorskiy5734
@rumataastorskiy5734 2 ай бұрын
Very interesting, especially for Russians. So different. People in Russia think that South Koreans are happy people living in prosperity and freedom. All my friends dream of going to South Korea.
@TheLouisZhao
@TheLouisZhao 2 ай бұрын
Oh interesting! I didn't know that about Russia
@PostNutClarity684
@PostNutClarity684 2 ай бұрын
hows the war there for the youth? are you guys being recruited or are the adult men trying to get out of the country to avoid being enlisted? just curious bro
@egodeath7097
@egodeath7097 2 ай бұрын
rich high tech asian countries are known to have a toxic working culture and expensive housing costs
@jyotsnamahato953
@jyotsnamahato953 2 ай бұрын
I also thought so ...my south korean communist friend showed me reality of south korean society
@Delmworks
@Delmworks Ай бұрын
It’s like japan…or, well, most places really. Great to visit, hell to live through
@curtisadams6048
@curtisadams6048 2 ай бұрын
One correction: Diamonds are not valuable because they're rare. They're not particularly rare - comparable to semiprecious stones like amethysts. Rubies and emeralds are much rarer. Diamonds are so valuable because the DeBeers diamond monopoly limits the supply and drives demand by marketing.
@TheLouisZhao
@TheLouisZhao Ай бұрын
Yes, the rarity of diamonds in the market is largely created through artificial control, and the demand is driven up through clever marketing as well. Put together, they create the illusion of diamonds being more valuable than they inherently are.
@johnlesoudeur3653
@johnlesoudeur3653 Ай бұрын
Diamonds are a girls best friend...said Debeers.
@williamlouie569
@williamlouie569 Ай бұрын
Diamonds are valuable only to people been brainwashed to believed so, mainly young women thinking is a requirement for marriage!
@PqV72MT4
@PqV72MT4 Ай бұрын
Interesting. l never knew that.
@georgedang449
@georgedang449 Ай бұрын
The Chinese flooded the market with artificial diamonds indistinguishable from natural ones a decade ago.
@themblan
@themblan 12 күн бұрын
I'm in America. Same thing. I'm just passing time until I die, basically. I'm not suicidal, but that's pretty much my life.
@chrystele-fr
@chrystele-fr 10 күн бұрын
Don’t you have any passions? What kind of things make you happy?
@WithmeVerissimusWhostoned
@WithmeVerissimusWhostoned 10 күн бұрын
The only difference between _enjoying the journey_ and _passing time_ is really only a matter of whether you love yourself or not... if you don't, life feels pointless and devoid of joy. If you do, life becomes an exciting adventure. I know both sides now and I'd suggest you try some of that stuff called love, it's dope \o/
@amandabisby3546
@amandabisby3546 10 күн бұрын
I think the problem for me is not that I don’t love myself, but that I don’t love the world I’m in. I understand the importance of optimism, but the optimism at this point feels like “at least THIS hasn’t happened” instead of “I’m glad THIS is happening.” You can easily list bad things happening, the only good things are bad things that haven’t happened or extremely fundamental things that are a stretch.
@RojaJaneman
@RojaJaneman 10 күн бұрын
Same
@WithmeVerissimusWhostoned
@WithmeVerissimusWhostoned 10 күн бұрын
@@amandabisby3546 being optimistic is merely being hopeful that good things will happen TO YOU... whereas loving yourself means making good things happen FOR YOU,.. spoiling, pampering, treating and allowing yourself to be and to do, to indulge, surround and shower yourself with stuff you enjoy, things that make you happy... ...follow your passion, chase after your dreams, and simply forget about the world, you can't make the world to be the way you want it to be anyway, but you have full control to make your life be whatever you wish, whatever excites you. life is a celebration of itself, just throw a party for yourself erryday, play with it... and in time, you may realize what a joy ride life can be \o/
@iamjashin
@iamjashin 2 ай бұрын
There is one common thing amount all. Every developed economy faces the same problem and that is young ones being forced to compete for resources with the capital that was accumulated over the years of development. The tool used for that competition is credit and the capital accumulated over generations and is forcing people entering into adult life into insanely unfavourable conditions for living for the sake of it's own safety and benefits. That's about it - we've overoptimized the life of average human being which ends up in a disaster we are seeing right now.
@HansHorst-fu2il
@HansHorst-fu2il 2 ай бұрын
amen. It is also a dynamic that nobody can stop. it has to find it's natural conclusion. i bet on biophysical limitations of the planet to make the "market correction".
@RohitOneWho
@RohitOneWho 2 ай бұрын
So u want to sa normal or poor class have to serve rich just like now what is happening Is that right No that not solutions U cant majored feling And money in any measures If u have money u can not be unhappy but u cna ntk be happy to Yah but they realy push so far that we can't be recollect or restructure The mess that over period o time And realy its pain in ass Im from India 23 yers old Here same just poor class is not give bullshit about this price hike and unimployme They f rabbit aur factor taht give birth bihar And MP Im so pissed when i see these stupid U know what going on hre maharastra im poor class only way to earn money is work if i dont work I don't have money to food even But but they ce here from that long and work 12hr Even for low pay And they dot know What is called sucked or overworking when i talk to Some they say Im marred have 4 kisd 3 kids Here i come to earn in up One time full dinner is Like haif of haif Man what thye doing like Chicken raised in poultry Well whatever want you can im not gona do same If i cant provide decen life to child so why marry In last u gona be opd and die Its natural and universal truth If u born i have to die after tume comes Well yah just 2 thing Parents well i have sis If i die early let's say 25 so my sis can Marry decent man Then rest assets property is gona be sis amd amount is not badd intrest is very good But my parent not hona give me when i alive Its bitter truth of indian family's They like dead persone and remeber every yers than alive Sis can take care for money at least well it's like im poor and weak yep im But what can i do in jobplace 12hr work pychicsl work 1 2 amd night ship are destroyed me over 4 yers Im not wamt to live if im gona live like this miserable 2 yep when pigs don't mate give birth to cuffs its problem of owner not the pings Well im not suporting to die but what i can do like work 996 Even don't have money to start something new Or even one medical situation wioed my 4 yers saving up to 60%
@TheLouisZhao
@TheLouisZhao Ай бұрын
Well said.
@Asmodeius
@Asmodeius Ай бұрын
exactly!
@etienne8110
@etienne8110 26 күн бұрын
Capitalism is the issue. Back until the 80s, capitalism was kept in touch by the threat of communism. But since the fall of the wall, capitalism went full TINA and since then the wealth gap has widdened. Leading to the current late stage capitalism era that is a sort of technofeudalism. You are either born rich or a serf, and will have no opportunity to escaoe your birth caste.
@AitanaStark
@AitanaStark Ай бұрын
In Spain we have the same situation. Young people feel very anxious about this issue. The cost of living is rising and it doesn't seem to stop anytime soon. We're all very stressed
@RedSupergiant
@RedSupergiant 16 күн бұрын
It never stops. It never did. Unfortunately.
@tldw8354
@tldw8354 10 күн бұрын
@@RedSupergiant sometimes it stops - for example when you get a new currency to pass hyperinflation. but after that it beginns again. it's like a gigantic monopoly game where mankind never learns to change the rules of the game. It's all based on greed. GER
@mtdewramen
@mtdewramen Ай бұрын
Here in the USA, we have millions living and working out of their cars.
@hansantonio110
@hansantonio110 Ай бұрын
why? they can live in room
@Negentropy369
@Negentropy369 Ай бұрын
@hansantonio110 because; No rent, No Utilities. Together those are the largest expenses. You cut those out and you effectively double you're available money month by month. Car payments have gone insane in recent years though, as much or more than rent was 10 years ago, which makes it harder. Unless you have an older, reliable, payed off car, which you learn to do routine maintenance on yourself(super easy with youtube). Then all you've really got is food, gas, car insurance, and mobile phone bills to pay each month. All of those together generally amount to less than half of what rent would cost. Even if you just rented a single room/bathroom in a house, in many places you'll be paying upwards of 800 a month. I live in NW Montana currently and know a group of 5 friends who rent a house together and they each have to pay 800 a month I think. Me, I work summers driving busses(CDL) for a Rafting Company, living summer months in a shed in the woods for $50 a month, then rent a cabin (family who owns the Raft company rents out to tourists in the summer) for 450 a month from November thru March. Work my ass off during the summer and save as much as I can, then take most of the winter off and snowboard as much as I can. You can find ways to live cheap and do the things you love in the U.S. still, but I think I'm fairly lucky to have found this situation. The family who owns the Raft company is trying to sell, and I suspect when they do I will have to move on. Probably go into long haul trucking for a few years, save a shit ton of money, then move somewhere in the world where it's super cheap to live a minimalist lifestyle and spend my time doing more things I enjoy rather than slaving away in the rat race.
@kuuppafin6011
@kuuppafin6011 Ай бұрын
​@@hansantonio110 Americans have huge rents so with other costs it is harder to get that 2000 dollar/ month apartment in that area where theres work to pay of their plus 100K student loans by mcdonalds job while not affording that luxury of fast food themselves etc. Some call that american dream but Id say it's modern day slavery.
@Avghistorian77
@Avghistorian77 27 күн бұрын
@@hansantonio110With these rent prices? Hell no they can’t.
@investidoramador9850
@investidoramador9850 25 күн бұрын
i love hearing people in brazil,saying how good and rich usa is,they all dream of finding a way to go over there,let their hear about having to live on their cars
@danielmalinen6337
@danielmalinen6337 2 ай бұрын
In Finland, we are fed propaganda that the life and the size of the apartment described at the beginning of the video is what Korean and Japanese young people willingly want and are satisfied with, and therefore Western young people like Finns should also want and be satisfied as the same. So far, no one believes it (which is probably good because life should be humane, i.e. not torturing and not burdensome in order for people to stay sane and not depressed), even though they try to repeat the same thing over and over again to make people believe it. However, the worst are the construction companies that use housing prices and living costs as a counter-tactic when justifying why people want to live in mini-apartments similar to/inspired by small capsule hotels, and for this reason the construction of super-mini-apartments should be granted a deviation permit, because otherwise they would violate the provisions of the Finnish Building Act regarding the minimum living space (which is 20 square meters for one person).
@saldiven2009
@saldiven2009 Ай бұрын
Then you have the converse of that in the USA where home builders refuse to build smaller, more affordable homes because they're less profitable. In the USA, the average home square footage in 2024 is over 2100 sq. ft. (195 square meters). In 1980, the average new construction square footage was under 1600 sq. ft. The combination of unnecessarily expensive new construction and general lack of new units being made (coupled with corporate rental companies buying up properties for lease) has driven home prices to a point that young people really don't have any reasonable expectation of homeownership until well into their 30's at best.
@loganblackwood2922
@loganblackwood2922 Ай бұрын
Live in ze pod and eat ze bugs
@Nickel_Coin
@Nickel_Coin Ай бұрын
20 square meters is very small for an apartment
@necococo
@necococo Ай бұрын
@@saldiven2009 I feel like this too. I'm poor and accept that I'll always be poor... so given this circumstance, I really do wish they did have more smaller cheaper studio apartments or even SROs for rent. I literally only need space for a desk or two (for partner) and bed, and am used to living with shared bathroom/kitchen. I can only live in dense big cities due to disability and I can't drive, so moving to cheaper rural areas which in USA basically means no public transit, is a death sentence for me (I've tried it, rural Texas, cheap housing but not even any buses, I was 100% dependent on landlord to drive me everywhere and never went outside except monthly groceries). Sadly tiny apartments/SROs are very rare and usually just all occupied forever with even any waitlists blocked off due to the sheer amount of people who also try to apply for these. My bf's current place is about $1000/mo small bedroom in shared home, but in San Francisco that is considered extremely cheap, but there is no other place in this price range, everything else is at least $1500+/mo for even worse living conditions (basically SROs) and that's probably deceptive price advertising.
@jacqueslee2592
@jacqueslee2592 Ай бұрын
This will be cool to have in the US so that young people can learn to be independent and live on their own. I will live in one of these apartments provided that there is no noise around and no deranged neighbors. In South Korea, young people are focused on their studies and people are reserved and not loud so it works. However, in the US, people are loud and inconsiderate and housing is driven by profit not by right to have housing throughout your life.
@Burittosyumyum
@Burittosyumyum Ай бұрын
'Peers who won the genetic lottery fly by while you're stuck in place' Damn, that hits hard as I see my peers receive inherit/given real estate and businesses while I'm stuck having to take care of my elderly parents and fixing their financial situation.
@jacqueslee2592
@jacqueslee2592 Ай бұрын
Because they were selfish and never thought of the future. This is what happens when you are raised by narcissistic and immature parents.
@elijahgtp
@elijahgtp Ай бұрын
Merit and humanity doesn't exist in a capitalist jungle.
@elijahgtp
@elijahgtp Ай бұрын
Nor does it exist in any other ideology. Human nature.
@schmatzler
@schmatzler 9 күн бұрын
My best friend is a millionaire and while I love her (she's very down to earth) it sometimes feels very unfair that she inherited so much money and here I am, struggling to find an affordable apartment without terrible neighbors or a bug infestation. Oh, well...
@jacqueslee2592
@jacqueslee2592 9 күн бұрын
@@schmatzler Well, she is not a good friend as you think. If she does not want to help you financially by lending you money, she can alt least help you find a better place by her connections. She is a millinaire, she has a wider network than you and that is the least she can do if she does not want to give you money.
@RA-ot6yr
@RA-ot6yr Ай бұрын
It's the same here. Property prices make no sense, young people cannot buy without large help from family and two people working a full time job. Low wages, cost of living, and rent is astronomical;... rent price getting close to hotel price. I keep hearing this saying: 'you will own nothing and be happy'.
@TheLouisZhao
@TheLouisZhao Ай бұрын
True. "own nothing and be happy" sounds like a legitimate spiritual teaching but in our current context it sounds rather sad.
@Intelligentbydesign
@Intelligentbydesign Ай бұрын
Yes, I have this book! Need to read it. And, I do believe that time is coming.
@steffenbryde7957
@steffenbryde7957 27 күн бұрын
Denmark here - been living out of my car for 3 years working full time.
@Aercadian
@Aercadian 9 күн бұрын
Lol
@steffenbryde7957
@steffenbryde7957 9 күн бұрын
@@Aercadian Glad my circumstance amuse you.
@Aercadian
@Aercadian 9 күн бұрын
@@steffenbryde7957 If you are living in Denmark in one of the most socially secure countries in the world I am very curious of your story as even the most unqualified workers from my country can go there and get a menial job and still afford to have a room.
@steffenbryde7957
@steffenbryde7957 9 күн бұрын
@@Aercadian It is a choice - I could afford a place to live, but then I'd have to give up something else, It's like 50% of my salary that would be going to rent. I know, I have a low paying job. In any case, I have chosen to live like I do in a camper, and honestly I got what I need, so I make it work.
@iglitch6498
@iglitch6498 8 күн бұрын
@@steffenbryde7957 So it's your choice based on principle, not chance. There are many examples of people who, DESPITE having 1 or 2 jobs, are unable to pay for accommodation, even if they wanted to.
@jiasenghe008
@jiasenghe008 Ай бұрын
These young Koreans gradually making their Way to becoming Taoists. Salute. Keep it simple. Keep it natural. Keep it modest. You're already there.
@doe7914
@doe7914 13 күн бұрын
Except, as he stated, they try to "enjoy the moment" by getting themselves into debt by buying luxury stuff (they dont really need, I gyess) and that is not good
@user-zo2ge3oe8d
@user-zo2ge3oe8d 7 күн бұрын
@@doe7914 it’s called Tommy Hilfiger Taoism
@asura8495
@asura8495 2 ай бұрын
Same thing in China, and it's growing social dynamic in the west as well
@henneseah
@henneseah Ай бұрын
At least the West embraces individualism and freedom compared to the East's stigma on conformity and expectation.
@LilReezy_1437
@LilReezy_1437 Ай бұрын
@@henneseahPossessive individualism is kinda the problem.
@TattooMyBones
@TattooMyBones Ай бұрын
​@@LilReezy_1437but guess what's crazy . U can have a balance china wont let u have balance
@therearenoshortcuts9868
@therearenoshortcuts9868 Ай бұрын
@@LilReezy_1437 aye, even if people are "individualist" but they secretly brainwashed into all wanting the same thing... is that really individualism? maybe western media is just better at hiding the fact they are secretly brainwashing people
@jiffonbuffo
@jiffonbuffo Ай бұрын
​@@TattooMyBonesHow would you know? Do you even know people who live there? Besides, that supposedly dystopian society goes all over the world looking to trade while a highly esteemed western power just sells military weapons. And call China an invader despite China not having 800 military bases around the world. And hold countries like SK, Japan, Philippines etc as pawns.
@theTopCat-1
@theTopCat-1 Ай бұрын
Wow a young man that looks at the broader over all picture. It's refreshing. The Japan, Taiwan, and especially Korea are facinating to study. Ultra capitalism suddenly slapped on top of ancient Confucianism. Korea is condensed and accelerated from medieval to ultra modern all in my lifetime. There are many lessons for the world here if we only pay attention and do something with it............
@TheLouisZhao
@TheLouisZhao Ай бұрын
Thank you! And great point about these East Asian countries being good case studies.
@eh1702
@eh1702 10 күн бұрын
Straight from feudalism to neo-feudal capitalism…
@Walklikeaduck111
@Walklikeaduck111 10 күн бұрын
Yes the blend of folk culture, Confucian hierarchical culture and hyper capitalist culture is quite bizarre.
@GoldenOwlEvents
@GoldenOwlEvents 9 күн бұрын
Korea is largely Christian now, and its pretty scary. I lived in Daegu city, at night the skyline is full of neon crucifixes like some kind of dytopian vampire horror movie...
@vaderkurt7848
@vaderkurt7848 9 күн бұрын
@@GoldenOwlEvents And that’s a bad thing because?
@vee-bo
@vee-bo 25 күн бұрын
I am 59 and think it was very wise, honest speach. I was listening with big pleasure your/s story. I am sorry for your struggle too. Enjoy your life, health, free time, discover yourselves - live good life... Greating from Poland.
@scallamander4899
@scallamander4899 14 күн бұрын
Here in England it's more less the same exact issue, although not as advanced. Give us ten years or so and we'll be there. As an aside, I think it's really dangerous to have a lot of aspiring elites, especially young angry men, be disappointed by the economy failing to deliver.
@ApocryphalBob
@ApocryphalBob 16 күн бұрын
Such a clear and well thought out piece. No sensationalism or hyperbole, everything delivered clearly and calmly. This is the kind of video KZbin needs more of. I agree with the many posts that say it is happening (almost) everywhere, but I think it is more noticeable in smaller, more insulated places like Korea and Japan. As the world has opened up to the younger generations of these areas it is inevitable that they would start to question the traditional expectations and rebel against them. Rebellion brings about change. It may not always be the change you want but without it nothing has a chance to improve.
@LKH165
@LKH165 Ай бұрын
It's interesting that he starts the video talking about how broken the society system is, about the oligopoly of the Chaebols and etc. And then, how the youth supposedly is becoming more individualistic in a society that was traditionally collectivist. But really? Who became individualist first? How were the Cheabols collectivist when they bottle-necked the country's economy? Weren't the elites (government, corporations, universities) individualistic when they decided to squeeze the rest of society to profit more? The most well-educated generation ever can't find a job, must work low paid jobs, can't make ends meet, can't start a business cause big corporations will crush small business. And the young poor youth take the blame for societal issues? Where is the responsibility of the decision makers, the powerful people who actually have the means to real change? Obviously, these issues aren't exclusivity of South Korea, or even most developed countries. Similar situations are taking place in Latin America and other parts of the world. The cost of living is soaring everywhere, house prices are bubbling. In Brazil a common joke is that every uber driver is an engineer nowadays, this was a profession worthy of social status and high paying jobs years ago. I've meet lawyers graduated from prestigious universities, in their late 30's, experts in their fields with years of experience who can't afford living in the city and need to find a roommate like they were college undergrads. There are lots of couples who both spouses have a degree and work full-time jobs, still they have to live in the parents' house because they can't afford their own place. Meanwhile, I saw a video last week here on YT of an interview with Bill Gates commenting that if he lost 99% of his fortune he'd still be a billionaire, and he isn't the richest guy anymore. That means that if he was allowed to keep only 1% of his known wealth, he'd still be rich in a level beyond comprehension for most people on the planet. If we take into account how long he has been alive, in an hour of his sleep he earns more than a life-time of hard labor of several folk combined. I mean I have no problem with people being rich, I really don't. If someone managed to amass a fortune through their talent and skill, kudos for them. But once you secure a life of privilege for you and your family, once you ensure the well being of your kids. After you get a mansion and another mansion and other properties, if you get a collection of cars, a private jet, a yacht, a bigger yacht for you yacht, etc. You traveled the world, you've been to places, you've met people and you're still filthy rich to extreme levels, then I think that at some point it starts to become imoral.
@Remedy462
@Remedy462 Ай бұрын
Sociopaths and psychopaths don't care about immorality. They lack the cognitive faculties for empathy.
@SamWalston-pz6ow
@SamWalston-pz6ow Ай бұрын
How about when you use your resources to control the govt. Using bribes to make sure no one else ever has the opportunities you did???? Is that immoral?
@vidaus-ir-lauko-durys
@vidaus-ir-lauko-durys 5 күн бұрын
His wealth is only on paper. It's just numbers on a screen. If he started selling his shares, their price would immediately collapse and he would become poor. Empty.
@ivann9924
@ivann9924 Ай бұрын
The entire Gen Z of the world is cursed lmao. (I am also gen z but the absurdity of sitution everywhere is so bad that its funny)
@etienne8110
@etienne8110 26 күн бұрын
And gen Z is still having it better than millenials, who in turn will have it better than alphas, who will have it better than betas. Climate change, ressource scarcity, and late stage capitalism will compound one another to make things going worse with time...
@f1mbultyr
@f1mbultyr 26 күн бұрын
Is it really cursed? Or maybe blessed?
@user-hs7ry4nx7l
@user-hs7ry4nx7l 13 күн бұрын
This current era started during the Great Recession of 2007-2008, but the 2019-2020 pandemic pushed the situation into overdrive.
@osamataha336
@osamataha336 13 күн бұрын
@@etienne8110as millennials I think gen z have it worse, don’t let the few influencers fool you- they don’t have jobs and when they do it doesn’t do shit, back in our days 08 things where shity but if you got lucky with a job you can be independent, poor but independent, gen z don’t have that option
@donnyboi1990
@donnyboi1990 9 күн бұрын
I'm a millennial that got kicked out of the house by my single mother at 18. I've been self-employed my whole life, I believe right now the whole world is cursed and not a certain generation. Things like the economy and society as a whole are in the dump and the worst I've seen in my lifetime.
@handlebar4520
@handlebar4520 Ай бұрын
I don't have to imaging it. This was my reality for almost 2 years.
@FinalselfBasil
@FinalselfBasil 17 күн бұрын
I’m not even from South Korea and I feel this effect is universal for young people across the world.
@einstwareinlicht
@einstwareinlicht 9 күн бұрын
I as a millennial in Europe don't feel any emotion whatsoever towards marriage, education, career building, earning money, engaging in religion, participating in social events. I don't think I see the purpose in continuing to stay alive.
@LynxMajic
@LynxMajic 7 күн бұрын
Me too.
@DandyHippo
@DandyHippo 7 күн бұрын
:(((( ny german speaking friend I hope you find hope and compassion towards yourself and also people who push you forward
@rodpagli1246
@rodpagli1246 5 күн бұрын
​@@LynxMajicfor you too
@GirlWith9Lives
@GirlWith9Lives 3 күн бұрын
Many of us in America feel this way too. 💔 life continues to feel more and more dystopian every year.
@thunder881
@thunder881 3 күн бұрын
This kind of capitalism is too extreme
@triptirathore9027
@triptirathore9027 Ай бұрын
Lovely discussion, reject the societal norms
@ICDeadPeeps
@ICDeadPeeps Ай бұрын
There should a balance between collectivism and individualism. Like anything else, it's when things become too excessive (over one side over the other), when it becomes toxic.
@CanallAbsurdo
@CanallAbsurdo 9 күн бұрын
Your considerations about the silent rebellion of the N-Po generation are impressive. It is a clear sign of someone that genuinely understands them.
@ValnirAesling
@ValnirAesling 2 ай бұрын
i always knew about degree inflation, in Austria u get more being a handyman honestly. i dont have a degree only work manual labour jobs half the year and live in southeast asia or other countries during winter. i got a good life without being in the rat race.
@TheLouisZhao
@TheLouisZhao Ай бұрын
Wow that's a great strategy!
@AndreiKohler
@AndreiKohler Ай бұрын
Subscribed: I enjoy your train of thought, and I can see how this situation is happening around the globe in one way or another. Cheers from Pasadena, CA.
@TheLouisZhao
@TheLouisZhao Ай бұрын
Hey thank you! 🤗
@curbthepain
@curbthepain 9 күн бұрын
As someone in the US working a similar lifestyle, I've yet to fully give up, and frequently object to friends/acquaintances giving up entirely. But I've noticed it's a loosing game. The fork I've found myself at, is give up my goals and just enjoy my life, or keep fighting this fruitless battle. Here a lot of us have no one to "go back to" hence the huge homeless population.
@veritaspk
@veritaspk Ай бұрын
Not only SK...all developed countries...no matter democratic or authoritarian, Western or Eastern. We have built a system that we hate.
@Idontwantahandle3
@Idontwantahandle3 26 күн бұрын
It’s a big problem, but we probably won’t feel the real economic impact for several years. When young people see no chance of ever owning a home, it’s hard for them to stay motivated to work hard, save, or plan for the future (or want kids). In 10-15 years, no one will have the money to buy those properties off the investors. Over time, this mindset will also lead to fewer skilled workers and, eventually, economic decline. I personally think there is going to be a huge wordwide housing crash/correction in the next 10-15 yrs (in the richer countries), like something never seen before.
@LynxMajic
@LynxMajic 7 күн бұрын
In my home town, a small city in EU, prices of houses keep going up. I keep thinking "Who the hell can afford to buy???" but someone eventually does. So who is it? Who keeps buying? Baby boomers maybe, or the children of baby boomers who inherit their huge assets. In other instances, it's big corporations from the developed cities that just buy properties in bulk and then rent them. I was hoping prices would decrease a bit, but looks like there's always someone able to buy. Most people I know were able to buy because of help from parents (baby boomers). Several of them buy and convert to Airbn for a profit, so there's also a shortage of rental flats for residents. But it's all for profit so they don't really care about the housing situation. Is it the same where you live?
@Idontwantahandle3
@Idontwantahandle3 7 күн бұрын
@@LynxMajic Yes. In Australia, apparently the housing situation is at its worst here. House prices have pretty much doubled in the past 5 years, rents too. Everyone I know is tired, struggling and over it. There is a tiny minority that owned several investment properties before this last boom, that are absolutely winning it, and they are using their new found wealth to snap up even more investment properties. Makes sense, its done well for them, so double down and get more. I do wonder what the end game is.
@LynxMajic
@LynxMajic 5 күн бұрын
@Idontwantahandle3 that's just so sad. :( All I wanted was a small house and a dog, and I can't afford either.
@gemox3225
@gemox3225 2 ай бұрын
This was a very interesting video. I didn't know much about Korean society.
@TheLouisZhao
@TheLouisZhao 2 ай бұрын
Thanks!
@jjanggu1515
@jjanggu1515 13 күн бұрын
My brother makes close to $100,000 USD in tech and we don’t even live in an expensive state in the U.S. (Georgia) and he can’t find any good houses that he can actually afford. The only ones he can afford need probably $50,000 in repairs and aren’t in any good school districts…. Don’t worry. Even the “more successful” people in the U.S. feel like they’re being squeezed.
@purplepigeon3826
@purplepigeon3826 5 күн бұрын
I went on a vacation to Korea with my (Korean) girlfriend and I honestly had such a nice time there and was so envious how cheap the food was until my partner told me people living in Seoul are in constant hard mode, how everyone is in debt, how hard it is to make friends and much more. I’m grateful to live in Aus but every country is shit atp
@charlenehsu6065
@charlenehsu6065 7 күн бұрын
Even if you live with your family , you’re still going to have depression issues dealing with difficult family member. Honestly, it sucks.
@tobiog2869
@tobiog2869 24 күн бұрын
Great video! This is one of the first times I’ve seen a video on a topic related to young people giving up that actually had a positive spin on that. It’s way too easy to come away from these videos feeling cynical
@TheLouisZhao
@TheLouisZhao 24 күн бұрын
Thanks! I was pleasantly surprised when I realized the positive twist in this phenomenon during my research too
@tldw8354
@tldw8354 10 күн бұрын
On one side we have capitalizm, where you have to get paid for work to live and pay for your needs - on the other side we build systems to raise efficiency so that the companies need less and less ppl. This will collapse at some day in the future - it's just a matter of time.
@WanderingMonk55
@WanderingMonk55 24 күн бұрын
In the US it's similar, so many people can barely afford to live these days, and are dropping out of society. Great video 👍
@prototype9904
@prototype9904 Ай бұрын
THE problem is that College was NEVER meant to be anything other that a way to separate the "Ruling Class" from the "Working Class". It's where the rich network with other future leaders of industry. So when "common people" began to pursue a higher education, it upset the balance and lead us to where we are now. Everyone wants to live their dreams, and no one wants to do the dirty work. I'm not saying it's right or wrong, I'm just stating the facts that got us here.
@Warr1on
@Warr1on 12 күн бұрын
No one wants to do the dirty work because nobody is paying enough for the dirty work. Why would anyone deal with shitty and dirty jobs when they could get paid 5 times more while sitting in a comfortable office chair all day? People are not peasants anymore, you can't really expect them to willingly work a harder job for way less money, and that is still something that the governments and companies around the world can't wrap their heads around.
@VenerableDreadnoughtII
@VenerableDreadnoughtII 9 күн бұрын
The problem is that we stopped taxing the rich and let them hoard wealth and property at everyone else's expense
@AricGardnerMontreal
@AricGardnerMontreal 8 күн бұрын
​@@VenerableDreadnoughtII no one ever taxed the rich
@muzammilm.nurdin3349
@muzammilm.nurdin3349 Ай бұрын
Honestly it's not worth working anymore...
@PkrDealer86
@PkrDealer86 28 күн бұрын
Exactly, putting in that much time and effort needs to yield results or is not worth it
@slowlywakingup
@slowlywakingup 22 күн бұрын
It's not worth getting a degree because you'll end up unemployed or working a job that doesn't require a degree.
@muzammilm.nurdin3349
@muzammilm.nurdin3349 22 күн бұрын
@ even worse, you’re ended up with -60k of student loans on your back.
@Sy0exec
@Sy0exec 15 күн бұрын
@@slowlywakingup Kind of yes and no because many jobs, even unskilled ones, require a degree to even apply. The job market is insane.
@gemox3225
@gemox3225 2 ай бұрын
Isn't this a bit like Japan and China's younger generation?
@TheLouisZhao
@TheLouisZhao 2 ай бұрын
China does have its own version of young people 'giving up' called TangPing (躺平) and BaiLan (摆烂). It’s pretty interesting and might be worth a deeper dive in a future video! I’m not sure if something similar is happening with Japanese youth, but it definitely sounds like something interesting to look into further.
@TheKarlslok
@TheKarlslok 2 ай бұрын
​​​​@@TheLouisZhao I think the western concept of "mgtow" (men going their own way) is similar, since it is about men turning their backs on society, romantic relationships, and career (which mostly benefits society) and instead focus on self actualization as described in Maslows hierarchy of needs (to become the most complete and authentic version of ourselves).
@gaskoart-tm5bv
@gaskoart-tm5bv 2 ай бұрын
​I believe it is happening in japan. The marriage rate is plummeting etc. ​@TheLouisZhao
@lolcatjunior
@lolcatjunior Ай бұрын
Japan and China have similar problems. What differentiates them from Korea is the Japanese, and the Chinese are not putting themselves in massive debt.
@blackbelt2000
@blackbelt2000 Ай бұрын
chyna is worse, much worse
@ManFromThePits
@ManFromThePits 13 күн бұрын
This hits home so hard it hurts... I'm at a point where everything under the sun feels out of reach - even just a part-time job! I'm in a position where any income - even minimum wage - could be leveraged into investments and retirement, but even with this advantage I just can't seem to reach that impossibly low bar!
@kennethabarnhart
@kennethabarnhart Ай бұрын
This young man later spoke of an optimistic way of reacting to what are unhappy life circumstances. Enjoying a sunset and nature. Enjoying music, art, or seeking friendships with others in a similar plight. One benefit of a college education is the broader perspectives one gains. I think that South Korea is well positioned to form societal changes that lead to greater personal fulfillment in its population.
@jeffreyjackson5229
@jeffreyjackson5229 15 күн бұрын
Due to our age difference, our priorities and values differ. At this point in my life, there is no way that I would marry, have kids, or buy house. My position becomes fortified when I consider what is occurring now economically and what I see coming down the pike.
@chuntathecat4222
@chuntathecat4222 Ай бұрын
“If you’re not born into a wealthy family” loool that’s in all of the world. You won the game then already
@06boot
@06boot 9 сағат бұрын
Not exactly, in Korea this means never to keep up. Here in Germany you have a weaker starting point but can work up, when you put in the efforts.
@jeffreychongsathien
@jeffreychongsathien 13 күн бұрын
Asian societies used to be about older generations sacrificing so that the next is more prosperous. What's happened is that recent generations have reversed this and cannibalised the wealth of future generations for themselves, primarily through artificially driving up house prices relative to modal wealth and income.
@katariina.s
@katariina.s 5 күн бұрын
Great video, i can say the situation korea is in is already starting to be mirrored in other western countries as well. We should all lower the expectations ourselves, if enough of us do that it wont matter what the current norm set by the top 1-10% is. Housing, food, a fulfilling job and time for human connection and leisure are things every single person deserves no matter what. it is ridiculous that even in wealthy countries people arent getting those things when we 100% have the resources to provide EVERYONE with them
@dusanpavlovic3556
@dusanpavlovic3556 2 күн бұрын
I agree. It's a great video, and you made good points. However, I can't agree with you saying ,,We should all lower the expectations ourselves." You can find your game plan instead of settling for mediocre decisions. It may be not where you are heading but how you are travelling. All the best.
@katariina.s
@katariina.s 2 күн бұрын
@dusanpavlovic3556 no i meant that we should realize we dont need to do everything exactly as the ruling class want us to to deserve basic human necessities (and some extra, being able to eat out once in a while, go to the movies with your family), that its not just us who should work to accomodate their needs, but they need to bw less greedy.
@adrianoftheuniverse
@adrianoftheuniverse Ай бұрын
Finding success and gratitude in the small things in life is better than pursuing grandiose goals. Kudos to the new generation.
@Intelligentbydesign
@Intelligentbydesign Ай бұрын
I am gen x, and have started living this way. I have a degree, that has gotten me nowhere. Still owe on it. I work at a group home, cleaning, cooking and passing meds. Just got a home at 40. A fixer upper that continues to need things. I don't make enough to cover all of my bills and extra stuff like copay, medical, home maintenance issues...keeps going on credit card. At same time I, somehow have to figure out how to save for retirement. I don't spend money on frivolous things. So, I have given up on a lot of goals. I am near 50. Health issues all ready, and government is talking of raising retirement age, again. So, I am learning to be content with what I do have. 15.00 gym membership that I use and 15.00 audible to listen to books while at the gym. That is my entertainment. I shop at Aldis, and try not to buy more than 40.00 a week of groceries. Bought a used little car 6 years ago, 33mpg. No vacations...ever, but I have plenty to do here. Btw, I was 25, married with 2 little kids. No house. Couldn't even get a 25.00 Christmas tree that year. Always low on food. The older you get, you see that things come and go, and there are always hardships. Wasn't even able to get a house until my kids were almost grown. I had to move in with my mom 3 years. It's just best to focus on virtues, being a decent person, small gifts in life you do have and can appreciate.
@xzyeee
@xzyeee Ай бұрын
Wow. This is NOT the image we get of South Korea in the West. This is sooooooooooooooooo different to what we hear.
@nobullshiit5682
@nobullshiit5682 17 күн бұрын
I had to move into my mom's basement about 2 years ago , all have to pay is 1/3 electricity bill which is $40 bucks, my phone bill , car insurance and food which is about $250 a month . I have never felt less stressed out in my life. I dont wake up 3 times a night to pee, i dont have excruciating heartburn i havent had a headache in months and my blood pressure is lower but i havent had one chick ever call me back after they find out i live with my mother not like i had chicks banging my door down before i moved in so nothing lost there .
@schmatzler
@schmatzler 9 күн бұрын
Just tell the girls you're living in your car, problem solved.
@nobullshiit5682
@nobullshiit5682 9 күн бұрын
@@schmatzler lol good one bro
@jessenunya3836
@jessenunya3836 7 күн бұрын
Young generations across the globe share this sentiment, i ask all of my fellow young people. How do we fix the last 5 generations' laziness in the next 20 years before we're all dead?
@WideData-ec3wi
@WideData-ec3wi 11 күн бұрын
Let me remind you, the concept of pursuing a perfect future is a fairly modern concept, in older time, people just live, they don't plan their perfect future and it is fine
@z0mb1e564
@z0mb1e564 Ай бұрын
3:50 Diamonds aren't rare. The supply of diamonds was tightly controlled by a few companies for a very long time. And now they can be manufactured which is why jewelery companies shifted from advertising the qualities of their diamonds to the cut of their diamonds. College degrees were not valuable for the skills they gave you (with the exception of degrees that give specific skills such as engineering or medical). They were valuable as a way to filter for class. If you had the leisure time to get a degree, you and your family must have been of a certain level of affluence. Now that this is no longer true, the degree becomes useless.
@jokerpilled2535
@jokerpilled2535 Ай бұрын
Guess I’m a South Korean now even tho I live in NY
@hatebreeder999
@hatebreeder999 Ай бұрын
😂
@AProfilename
@AProfilename Ай бұрын
Same here bro and I live in Boston 😅 they made it too hard bro! Masters degree 130k in debt jobs are paying 25 an hour with 3k rents I have tow work 70 hours to have a basic life and feel burnt out after 6 months of it 😅
@walkingmanvideo9455
@walkingmanvideo9455 5 күн бұрын
I agree with what you were saying as I was in Seoul South Korea in August 2024 and the local people did mention this to me and it was quite sad to hear. Aside from South Korea, there are other countries around the world that are also experiencing a situation with a particular generation. This is very concerning and something needs to be done about it. I just don’t know whether there is enough care any more around the world to try and support these problems. Thank you for producing this video and thank you for making people around the world aware of this situations.
@chrisyo4461
@chrisyo4461 29 күн бұрын
9:48 I love sohwakjaeng so much more than. YOLO. it's the small things that we overlook that can bring joy. Be grateful basically
@TheLouisZhao
@TheLouisZhao 27 күн бұрын
Very true. Be present. Be grateful.
@veronicavasquez8
@veronicavasquez8 10 күн бұрын
I appreciate the way you approach topics. It’s fascinating to see how cultures around the world address universal challenges in ways that often overlap despite their differences. Here in El Salvador, many people are still striving to achieve the milestones you mentioned-things like owning a home, pursuing education, or building a family. For many, acquiring debt becomes a necessary step to reach these goals, seen as markers of progress and success. On the other hand, there are those who diverge from societal expectations and instead prioritize living in the “here and now.” Even for them, debt often plays a role, but in this case, it supports a different way of finding meaning in life-perhaps through experiences, self-expression, or simply refusing to delay gratification. In both cases, debt becomes more than just a financial tool; it reflects deeper cultural values and aspirations shaped by our collective pursuit of purpose and fulfillment. That said, I would strongly recommend people avoid getting into debt whenever possible. Debt, while sometimes unavoidable, can cause real harm, often leading to stress, strained relationships, and limitations on future opportunities. The cost of borrowing can outweigh the perceived benefits, making it crucial to approach debt with caution and foresight.
@lanelesic
@lanelesic Ай бұрын
My advice to young men is to live a minimalist lifestyle. It doesn't mean exactly what some think, like not having a phone at all, but instead of buying a new expensive phone every year or two, you buy a more robust cheap phone that can last you for at least 5 years and that you do not pay monthly for. It means that your hobby should be something that benefits you in some way. if you work sitting at the computer for 10 hours a day, then your hobby should be hiking, or running or swimming (if you can do it at the seaside without paying expensive swimming pool tickets or monthly fee or service). If you work construction or manual labor, you are better of doing something like reading books, or learning to program or, graphical design in your free time. As for the phone similar goes for clothes. You cannot go around naked, but you shouldn't be buying fancy extravagant clothes, or fragile non-sturdy items. Good quality shoes are never cheap, but again when you buy a pair of good quality shoes they should last you if used properly. And if you have cheap "disposable" footwear for occasions when you do not need better. Living with family and avoiding rent if at all possible is a good way to save a lot of money. If a job opportunity leads you to temporarily rent an apartment, calculate if it is worth in the long run. Will that temporary situation of like 6 months or a year turn into 3 years, 5 years, perpetual long term renter? Similar to this is getting married or going monk mode and temporary avoiding women all together. Is the temporary year or two without spending any resources and time on chasing women something you can do. Can you do it without it going on into a perpetual thing where you cannot ever go back to the scene and chase again... Is there a woman you would be satisfied with that can live a minimalist lifestyle next to you.
@piotrd.4850
@piotrd.4850 Ай бұрын
One thing though: DON'T skip on footwear, especially if you walk a lot. It can break joints sooner than you think.
@SamWalston-pz6ow
@SamWalston-pz6ow Ай бұрын
Ahhh the old WEF mantra you will own nothing and be happy. Keep licking the boots I'm sure the asset class appreciates your free labor.
@WanderingMonk55
@WanderingMonk55 24 күн бұрын
I agree, minimalism is the key to having more freedom and avoiding the traps of society
@alexeypopov7703
@alexeypopov7703 14 күн бұрын
There is nothing wrong with buying decent clothes if they can be used as investment - that is, you'll be wearing them and, in turn, their quality and durability will get you what you paid for them. But, if you're just bulk buying stuff and don't really find it useful in a week or two - then that's where it starts being a problem.
@GirlWith9Lives
@GirlWith9Lives 3 күн бұрын
As a woman, I wholeheartedly agree with this. I started living a minimalist life and it improves your mental health a lot. 💙
@ajassharafudeen
@ajassharafudeen 13 күн бұрын
Happening in India as well. Government jobs have way too many applicants, even the qualified needs some political connection to get the job. Private sector pays peanuts. Few rich kids I know have climbed the corporate ladder, setup own businesses, running successful. We don't have coined a term yet, like N-Po or Bailan, but we are heading there. What we wish for is a RESET in the system. Inflation and rise of living costs is due to banks, financial policies and few of the elites who controls the governments deciding what to do. THIS SHOULD BE CHANGED.
@ПендальфПендальф-ю3с
@ПендальфПендальф-ю3с Ай бұрын
I am a Russian gen z and too in a N-Po club. Everything you said can he applied to me. Thank you for detailed and interesting video!
@TheLouisZhao
@TheLouisZhao Ай бұрын
Thanks for sharing! I was pleasantly surprised to see this video resonating with many people in Russia. I'd like to learn more about the country
@thebarnetts7195
@thebarnetts7195 6 күн бұрын
Wonderful reporting! I subscribed!! Thank you!!
@adcaptandumvulgus4252
@adcaptandumvulgus4252 2 ай бұрын
Not just Korea unfortunately, everywhere is having similar 4th turning problems probably. It's the same in the US too.
@pizzalord4858
@pizzalord4858 Ай бұрын
I dont find it beautiful at all its just sad, monopolys and corrupt politics ruin our generation to the point only rich people have the privilege of having children of having a legacy, this sucks dont romanticized please
@WaffleCake-q7d
@WaffleCake-q7d Ай бұрын
Great video. Not just South Korea though, it's everywhere, although it looks like South Korea is further down the dystopian rabbit hole than other countries. They're not far behind though.
@piotrd.4850
@piotrd.4850 Ай бұрын
They are more advanced than most, apparently - in everything.
@javascriptkiddie2718
@javascriptkiddie2718 11 күн бұрын
0:18 literally the size of my closet. This is inhumane.
@halo1reach1nerd
@halo1reach1nerd 10 күн бұрын
Id sleep in that
@Yourservice99
@Yourservice99 2 ай бұрын
Thank you! Very well said my friend.
@TheLouisZhao
@TheLouisZhao Ай бұрын
Thank you my friend!
@GPmusicmaker
@GPmusicmaker 15 күн бұрын
Great video, thanks! Nice to see a few clips from the film "Perfect Days" which I think reveals a beautiful example of rejecting the status quo and embracing simple living.
@TheLouisZhao
@TheLouisZhao 15 күн бұрын
Thanks! Ya perfect days is one of my favorite movies, glad to meet someone who also enjoys it!
@demisemedia
@demisemedia Ай бұрын
Interesting topic! A very similar trend is happening here in the USA amongst the younger generations. But I will say this.. I believe most people in their teens and early 20’s feel a sense of rebellion and not wanting to conform to societies “rules”. But as time goes on, most of them start to find themselves, start to save a little money and begin to fall into society. It happens. This time may be different because like you said, things are changing faster than ever before. I grew up in the Silicon Valley, California and you see some of the richest people living near some of the poorest people. I moved about an hour away and finally bought a house with my girlfriend and our 7 year old son. We are simple people. We want a home, good food and time with our family. The basic necessities have become so expensive but with hard work and focus we were able to get our home. I almost gave up. I did not come from a wealthy family. In fact, my upbringing was not easy. But I was fortunate to have been born in a country with jobs and opportunities. If I didn’t have my girlfriend and our 7 year old son, I definitely would be living a different lifestyle. I would be working part time and traveling. Lol So far, I’ve reached many of the goals I set for myself. Next, bring my expenses down as much as possible so I can spend more time with my family and things I love Doing.
@TheLouisZhao
@TheLouisZhao Ай бұрын
What an inspiring story. Thanks for sharing!
@snjez2762
@snjez2762 22 күн бұрын
You are an incredibly articulate young man! I have had a lot of experience with young Koreans as I have taught in the international English programs in Vancouver, and I have to say Koreans have always been my favorite students. You are the "Italians" of the Asian world! I wish the young people of Korea the very best and hope they find their way in a very hard world. Having said that, what you described about the work world and university for young people is the same here in Canada.
@AnAussieinNorway
@AnAussieinNorway 9 күн бұрын
I’m Australian and moved to Japan after quitting my horrible corporate career
@SkylorBeck
@SkylorBeck 8 күн бұрын
Another citizen of the world reporting that it's the same in my life too
@evilryutaropro
@evilryutaropro Ай бұрын
Society as we know it is fundamentally sick, structurally rigged, and in practice is a machine of great misery. Young people around the world are not going to play a rigged game they can’t afford in the first place. In my country I’m honestly expecting things to get violent in the next few years
@user-hs7ry4nx7l
@user-hs7ry4nx7l 13 күн бұрын
Which country?
@jeran881
@jeran881 Ай бұрын
Funny how this mirrors my life history. I'm gen x just turned 59. No decent past except for childhood, no decent future except for...
@Intelligentbydesign
@Intelligentbydesign Ай бұрын
Gen X here as well. A lot of our generation got caught between changing culture and changing generations. A lot of hardship all throughout life. You just gotta keep plodding along. What else are we gonna do?
@Intelligentbydesign
@Intelligentbydesign Ай бұрын
Btw, I will be 49 in January 2025
@jeran881
@jeran881 Ай бұрын
I must be loosing some screws I'm 49 not 59. Still a long road to tread.
@gaskoart-tm5bv
@gaskoart-tm5bv 2 ай бұрын
Glad i found your channel, i appreciate your intelligence, just subscribed
@TheLouisZhao
@TheLouisZhao Ай бұрын
Thank you my friend! 🤗
@ngyiying7436
@ngyiying7436 22 күн бұрын
Inflation rate is so high to the point what they earn can't be use to buy any landed house or decent car or having decent live with family. This happened around the world unfortunately. I get that feeling because I am one of them.
@jedics1
@jedics1 26 күн бұрын
My apartment is only 2.4 x 7 meters which is all the space I could ever need for one person who has no intention of living with anyone ever again, however I built it to my exact needs and used the space as efficiently as possible. I guess what Im saying is a small space can be fantastic if everything else around it suits you like the location and cost, in my case its on a truck that I built for 45 grand so cheap and the location is wherever I want it do be :) It also allows me to have lots of free time yet enjoy a modest but comfortable life... Our society is cooked practically requiring a mental illness to participate in it.
@kungdu
@kungdu 9 күн бұрын
When everyone wants the same thing value goes up. To avoid pain just forget about the dream and survive for another day.
@nickmatina6058
@nickmatina6058 15 күн бұрын
their are only two outcomes, and it is time sensitive. 1. cultural collapse before widespread ai. this would FORCE the wealthy to share , or no one will buy their products, and thus would insure the cycle continues 2. curltural collapse after widespread ai. as soon as AI has arms and legs, the general populace will become expendable, and policy will increasingly show this over the next 100 years, until the fate of the non rich is inconsequential.
@AricGardnerMontreal
@AricGardnerMontreal 8 күн бұрын
the wealthy will never share they will just hire guards and we will become south africa
@solene3449
@solene3449 7 күн бұрын
This was really great! Keep up the good work
@optyk-f4i
@optyk-f4i 7 күн бұрын
Bot
@grayghostxiii
@grayghostxiii Ай бұрын
I understand your analogy, but diamonds are neither rare nor should be as expensive as they are. Thematically, though, kinda makes sense. :)
@johnberry1107
@johnberry1107 12 күн бұрын
Prices can only go up when enough buyers have money to pay the new price. Be The Change. Stay safe.
@lineage13
@lineage13 Ай бұрын
Going YOLO on luxuries when you are broke is stupid.
@Walklikeaduck111
@Walklikeaduck111 10 күн бұрын
Your content is very thoughtful. Wish you get many more subscribers... ❤
@sissysovereign1294
@sissysovereign1294 Ай бұрын
This sounds very similar to how it is here in America now 😞 It seems like no matter where you are in the world, the agenda remains the same. To keep younger generations down as much as possible while the older ones/elite continue to flourish or enjoy their retirement in peace. If I truly didn't know any better I would say that this was a war on younger adults to keep them as serfs forever. I know I sound like a crazy conspiracy theorist, but what else am I supposed to think when you got so many people in the same generations around the world sharing similar experiences of giving up and bed rotting because they realized their adult lives became a meaningless cesspool of scams and lies? At this point people can't keep brushing it off as a matter of Gens Y and Z being lazy. Not anymore. Not with this many damning stories coming to light.
@jaythomas468
@jaythomas468 15 күн бұрын
I feel like, if you’re a young adult, it’s also impossible to look at the current global landscape with MULTIPLE potential existential threats looming on the horizon and NOT feel like, “well, what TF is all this for? Humanity is probably DOOMED in my lifetime.”
@tarlkudrick1174
@tarlkudrick1174 12 күн бұрын
@sissysovereign1294, My only problem with that analysis is that a real conspiracy requires really smart people to coordinate activities over a long time without anybody finding out. Nowadays you can't do much of anything without people finding out, and really smart and disciplined people are rare (and tend not to work together all that well). So I don't think it's a conspiracy, I think it's the natural result of much larger forces that used to work better than they do now.
@ReneeLibby-cv8vf
@ReneeLibby-cv8vf 8 күн бұрын
It's rich vs poor.
@GirlWith9Lives
@GirlWith9Lives 3 күн бұрын
1000000% agree.
@c10_c10
@c10_c10 9 күн бұрын
Wonderful video essay. I learned something new and will look more into N-Po.
@chungang7037
@chungang7037 Ай бұрын
I was 15 in 1995 when my Dad said to me "Your generation will have a lower standard of living than mine." I couldn't understand it at the time, but now I find myself thinking the same when meet gen z people compared to even my generation. Things are not going to get better, and no one wants to hear that getting by with less is going to be the new life hack to get anywhere. That was the west, but I see this even in Korea these days amoung my Uni students, some seem to be going minimalist mainly to make a statement, or save money for that phone/thing they want. But I don't think that is going to apply to much beyond getting a job. The birthrate is likely going to slip to .3 in the next 10 years, and housing prices are not going to come down in Seoul unless the government can get a train to Busan in 1 hour that is affordable, and even then we all know it won't move the needle. The future is likely going to be finding lifelong roommates to share a place with. Perhaps someday when there is only 15 million Koreans left will prices come down, I saw estimates it could be around the year 2100, but that is beyond our lifetimes so what does it matter really.
@Humungusguy
@Humungusguy Ай бұрын
Incredibly insightful and well-said. keep up the good work
@TheLouisZhao
@TheLouisZhao Ай бұрын
Thank you!
@jm7578
@jm7578 Ай бұрын
God bless the people of South Korea. I don’t wish this upon any of them. But this is a worldwide phenomenon. We are becoming corporations instead of nations. greed is the biggest motivator for everything today it’s all about dollars and cents, therefore many of us, human beings, living in this type of environment, have given up on all of the beautiful things in life. It is not your fault, it is the fault of the elites that we allow to rule this world.
@DavidWood-r8k
@DavidWood-r8k 16 күн бұрын
I am 70 years old and white male living in USA . I was on my way to work and almost died in a car accident because of the new crazy hours demanded by my employer. I was driving into work at 5 AM on a Saturday. The company would change our hours every 3 weeks. This happened in 2013 they closed this factory after more people got hurt. I have a spinal cord injury and am in pain 24 7 365
@kawaiisenshi2401
@kawaiisenshi2401 2 ай бұрын
I enjoyed this structur of content ! Keep it up #Subbed!
@TheLouisZhao
@TheLouisZhao Ай бұрын
Awesome, thank you!
@kyliechen5263
@kyliechen5263 9 күн бұрын
In Singapore we have the same problem. Our fertility rate is 0.97 in 2023 . Its very expensive to have a child. Home prices have gone crazy too.
@DamBWorkout
@DamBWorkout Ай бұрын
Isn't SKorea the country with the most suicidal rate? This explains a Lot. I already gave up too, depression ifnot kill you literally it destroys everything
@Ufu4847
@Ufu4847 Ай бұрын
And the lowest fertility rate.
@GloriousEagle69
@GloriousEagle69 5 күн бұрын
im not asian but i got completely burned out stressing for highschool. my parents put such enormous pressure on me to get A+ even tho iwas A student nothing was ever enough. i cant function now in life at all, my parents dont give a shit about me now. it seems it was all some joke humiliation ritual of just hating me for the sake of it. pretending school was important just to set unreachable goals. everyone of my classmates who were c avarage but parents loved them are doing far better than me.
@DNFINST
@DNFINST 28 күн бұрын
Pretty much me since the early 2000's. I could easily see this economic system isn't for workers. Only for the rich.
@richardscathouse
@richardscathouse 27 күн бұрын
Exactly 💯 Why I always needed two jobs to make it; sometimes, I'd have to move to another town with better opportunities. 😢
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