The Real Reason Young People are Not Working

[@economicshelp]

Related video - Why population is expected to fall faster than expected. kzbin.info/www/bejne/f2bOlJV7gJKkd8U

[@lacdirk]

I think you should consider the FIRE movement in this context too. The basic idea there is that you should be able to become financially independent and retire early at a fairly young age. This will tend to take successful young workers out of the workforce at an early age, and demotivate those who do not see a way to reach the FIRE goals with the kinds of jobs they are getting. A large part of the FIRE recipe is to relentlessly cut your expenses as well, both while pursuing your goal and even more so after reaching it. That cuts demand in the economy, but also makes socialising at work rather more complex.

[@kevoreilly6557]

The population is not going to fall for decades, if this century at all. The issue is the age disparity

[@george11419]

@@lacdirk Cutting expenses is what every business in the world goes. If it is right for them, it is right for us. Eg repaying your mortgage early, if you can. Saving £1000 pm is half way to early retirement, to which we all aspire.

[@lacdirk]

@@george11419 I understand the FIRE concept, I'm just saying that it is crucial to understanding why more (older) people are out of work and not interested in returning, and why more (younger) people are drastically cutting consumption. By the way, you should never assume because something is a common business practice, it should be good for your own life or finances. In particular, businesses don't retire, and their goal isn't to be happy, fulfilled, ethical, lazy or whatever ... they just aim to be profitable.

[@alexandermills9965]

I think another reason is that Gen Z are more investing their time into buying and selling think such as retro games consoles and future and other such products as a form of Tax free investments. You can buy a PS3 dirt cheap with a few games and sell it down the line as a Tax free pension. Its not just games console its also 1st edition signed books media such as DVD's and videos. So it can help as people like things that they grew up with. People like retro things, and the amount of people who are doing this are increasing

[@rockydo2307]

The question is always why young people are not working, and not why employers pay so little and expect a lot.

[@DeenanTheKemon1]

"Nobody wants to work anymore" was a phrase coined by those with multiple vacation homes, million dollar RVs, and massive gorgeous mansions sitting on 80 acres of land in their 80s and 90s. Imagine being wealthy for 90+ years and still not being satisfied. This has gone beyond greed. It's Evil.

[@turtleanton6539]

​@@DeenanTheKemon1yes😊

[@kevoreilly6557]

Maybe because “hyperbole”

[@george11419]

@@DeenanTheKemon1 I guess you’re describing the likes of Bill Gates.

[@milanpospisil8024]

@@DeenanTheKemon1 Problem is that land is owned by someone. If not for some big crisis, not many people wants to sell land (or flat). So thats why its very expensive. In history, there were wars over land. Now, its still war, but economical war. Unless we do something about it (some progressive taxing of land ownership), land will still be very expensive. But this is also connected to open borders and migration. If your country has high living standards, people from poor countries will immigrate and cause higher cost of land. This is causing some equalization of living standards - now you have rich countries with very expensive land to live and poor countries with nearly free land. There is point when new immigrants realize that immigrating to rich country will not make their life better, because of living costs, they will stop immigrate and land costs will stabilize. But problem is many poor countries are really poor and they still wants to come to rich countries, even when family lives in one small flat with their grandparents. Thats the new standard that those immigrants are setting for others. So unless you inherit land, you are competing with the immigrants from whole world...

[@HedgehogsAreBetterThanYou]

Why should young people work to fund decade long end of life vacations for boomers who are trying to sell to young people the real estate they bought for twenty times less money? Did young people create this system where labor growth has been flat for decades in spite of productivity growth? Employers struggle hiring young people the same way I struggle to buy a yacht for $500. There’s no shortage of yachts, I’m just trying to pay an under the market price so there’s no supply.

[@swojnowski8214]

market economy fully ecplained with one sple example ...

[@Dexter01992]

I love that last statement. If you don't mind, I'll quote it elsewhere when this topic is brought up.

[@jaythefox]

@@HedgehogsAreBetterThanYou “here there is no why”

[@gnewgnew2011]

Yep, they sold our generation to have a nice life. Cheap accommodation, high wages, high pension. To protect that, they kept printing money, and now they want us to pay the bill. No, we won't.

[@walkingeverywhere4k831]

Well said!!

[@Rb39-ej5hh]

In the USSR, towards its collapse when living standards were falling, people used to say something like "They (employers) pretend to pay us , so we pretend to work". With pay being so bad for many of the jobs in the UK, I think the same can be said here

[@swojnowski8214]

we pretend to look for work rather ...

[@rendermanpro]

Buddy, in the context of this video, in USSR people was able to afford everything they need, all basic needs covered - free healthcare, free housing (no homeless!), free education, free childcare, cheap organic food, huge vacation for everyone, unlimited sick days (really unlimited) etc etc..... And work was GARANTEED, literally, and not students paying dept on education loan, but govs pay students stipend on top of free higher education. And pay wage was really descent, tales about "very low pay" is BS.... Might people was not able to buy 3 stories yacht (I assume you can't as well, huh) but people lived, not "surviving". You can't even imagine (yeah, now it will lead to comments "but why it failed if everything was so good", classic)....... But do you know what's the irony in all of that? That when USSR existed, in the west people lived much better, and when it "failed" people in the west start to loose benefits and all that BS in that video topic started while lack of competition....

[@dinokknd]

@@rendermanpro all basic needs covered - except the stores were out of stock almost every day, getting for example affordable bread required standing in queues for hours on end.

[@Rb39-ej5hh]

@@rendermanpro The USSR did a lot of good things, including everything you mentioned, but it also had a lot of problems. Corruption and nepotism was common, there was no freedom of speech and you couldn't even leave the country unless you had extremely good connections. Remember it was the Soviet elite who went behind Gorbachev's back and dismantled the USSR, then privatised everything into their own hands, so it wasn't exactly being run by principled socialists. However, in the Perestroika period (late 80s/early 90s), failed economic policy along with persistently low oil prices (one of the USSRs main exports), meant that living standards became far worse and the Soviet social welfare system started to collapse. The stories of extreme shortages and the videos of empty supermarkets come from this period. With living standards becoming worse and a series of mistakes by the government (Afghanistan, Chernobyl), people started to lose faith in the system, hence the saying I mentioned and people's general apathy to the USSR's collapse.

[@Rb39-ej5hh]

@@swojnowski8214 Not even pretend. Despite things being tough we should still work hard to get a good career, because that's what you need to live a decent life now. Our system is broken, but you still have to be practical and try to make things work while advocating for something better. Also, if we're going to build a better world in the future we will need experienced people to make it happen. I was talking more about people on low paid jobs who don't really bother about their work (rightfully so)

[@hardaker44]

I am honestly really proud of the younger generation. I'm 33 and having run the rat race at full pace since I was 16. I'm still not a home owner. I'm glad there's those that see this outcome before even attempting to 'climb' the ladder. Enjoy your hush trips, lazy Mondays, quiet qutting and costas. I think it's an effective way of demonstrating you won't buy into a system of no reward.

[@Wabu1]

On the flip side anyone in this group that is willing to work should thank those who won't since this will bring the wages offered up as well.

[@brainlet99]

The ladder is no longer there to climb.

[@Domdeone1]

The newer economies in the middle & far east are outwaying the incentive to get inspired when products are imported & most service industry companies are foreign owned. As Generation x l have watched the morale go out the window over thirty years always saying the next generation will feel the brunt of this

[@cianog]

So they expect Costa coffee to remain open? Should they quit too?

[@shadowz7356]

​@@Wabu1it would if we didn't import people to fill the gap.

[@bringblink182]

Thought experiment: You come to a fork on road. 1 path requires 40 hours a week at work The 2nd path does not Both paths have the same end destination. Which path does one choose? It's not hard to understand the apathy of anyone under 30.

[@RabJ208]

@bringblink182 Here's a thought experiment for you. 1 path requires 40 hours a week at work. The second path requires 80 hours. One path leads to poverty, and the other leads to wealth. Which path do you choose?

[@george11419]

@@bringblink182 I’d choose 40 hours at work. Having a job is the latest status symbol. If you have a job, even a lowly job, people will look up to you. If you are long-term unemployed, nobody wants to know you.

[@cristianionascu]

Well, one does offer the potential to make it as long as you try to improve yourself and your work on a daily basis, the other either survive as a dependent (family or society) or just simply die within 30 days. You don't have it that bad actually in the western world ;)

[@NickM_FirstofHisName]

​@@RabJ20880 hours won't lead to wealth, but more taxes. Work smarter, not harder.

[@RabJ208]

@@NickM_FirstofHisName, if you're blaming the economic system for your shortfalls, then surely it would make sense to work harder? When you double your working hours, something remarkable happens......... Your wages double (or close to it - if you want to get technical).

[@paulbarker6743]

What's the point? Low wages, unattainable housing, high pension age, high taxes, all profits given to high management and shareholders and not passed on to workers at the bottom of the pile. Seriously I don't blame anybody for not bothering in this joke of a country.

[@johnl5316]

The tax payer should not be required to support them

[@bojancenikol]

Fully agree, we, older generations at least have some hope that if we work harder, we will achieve something. Now nothing is left for the younger people, so I understand why they lack motivation.

[@RabJ208]

@paulbarker6743 If you are 'able bodied' and have the physical ability to work 80 hours a week over the next 5 to 8 years to achive your financial goals. For example: getting on the property ladder, but refuse to put the work I - then you shouldn't complain. We live in a competitive world and to 'get ahead' and rise above the 'average' - then you need to do things 'average' people are unwilling to.

[@MrVaidas82]

@@RabJ208 You missed that work has to be your own bussiness :)

[@jjwhittle8873]

@@RabJ208 This is such a daft attitude. Why should we have a nation of burnt out people? You cannot seriously expect people to do 80 hour weeks for 5 to 8 years just to enjoy the kinds of lifestyles our parents' generations got on half that. I don't buy this boot licking, burnout-chasing attitude for a second. You're acting like the way it is is the only way it can be, and that is nonsense.

[@greenoism]

Hey gen x here....i climbed the ladders, worked as a carpenter till late twenties, then got a hard earned masters degree in architecture by my mid 30s. Got fired from first intern job because I had ideas...not corporate enough. Tried running my own design business. Competition was very well funded, i was not. I live in a friends basement , cant find work because the middle class can't afford new homes or remodels. Software i need to do my job is controlled by corporations that only care about profit to shareholders. But you know what....this has all pushed me to be frugal, considerate, and to live simple. I dont believe in most of what my profession pushes now. I understand meritocracy is just another divider of humans. Those that play in the system good luck. Chose being yourself or choose being a slave sucking up to the boss. Educational degrees are just paper....the education did help me to enter a long line of "college educated" people, lots whom will do/say anything for "their chance". Certification.....bla,bla bla....doesnt make a person good at what they do, its their commitment to doing the right thing that does.

[@MrsUnderwriter]

Honestly you would be better off now doing carpenter or electrician job

[@occamraiser]

I am absolutely laughing at your little life story whinge. You trained as an architect - designing stuff and selling those designs (perfectly reasonable) but then you complain that software designers do the same. If the irony of your double standards is lost on you I can't help it.

[@greenoism]

@@occamraiser whinge?

[@greenoism]

@occamraiser it's not the designers of software it's software corporations like autodesk that are not interested in having a more flexible approach in their fee structure. It's biased towards corporate architecture. It's really not a laughing matter. When you can't afford the tools one works with. Maybe you should try being a bit more understanding.

[@wind.del.change]

nobody be working to own nothing lol 😂

[@ricardoconn3807]

100%

[@nothereandthereanywhere]

Well, sounds better that working and own nothing :D

[@Brakka86]

You will rent everything and be happy.

[@lorenzopini1990]

Soviet material conditions and perspective come with a soviet work ethic

[@wind.del.change]

@@lorenzopini1990 they are pretending to pay us, so....

[@DatFwad]

There’s no incentive to work. No chance to own anything. I applaud them. What’s the point. Good on Gen Z 😂

[@Shadowwalker1717]

You will own nothing and will be happy and don't forget to eat the bugs hahaha what could go wrong

[@DatFwad]

@@Shadowwalker1717 They got the first bit right but got the second bit totally wrong.

[@RabJ208]

@@DatFwad I believe a big part of why Gen Z are lazy is due to the Internet. It's the only explanation that makes sense. We've all heard people say things like "kids don't go outside anymore". "When we were kids embraced the good old outdoors, but kids nowadays are quite content to sit on on their phones scrolling through social media, all day". I'm in my 30's and I look at these young people as a lost generation. They have no 'get up and go' about them. These young softies sit back and watch idiots like Andrew Tate on the Internet filling their heads with nonsense on how to 'get rich quick' - which feeds into this attitude of 'why should I bother trying' 'what's the point in putting in the hard hours in a traditional job, because I'll never get ahead anyway'. In reality, they know deep down that they CAN get ahead by working 60-70 hour weeks (80 hours if they want to get there a bit quicker) but use any excuse they can find not to do so, because they believe 'divine intervention' of sone kind is on the way. If these youngsters were living in a 3rd world country and had to walk barefoot in the scorching sun to collect water - they'd have something to complain about. This generation has gone soft.

[@mangadud]

​​@@RabJ208There's more to life than work ,that's what they are realizing. The 3rd world countries will catch up soon enough, that should not be happening over there

[@tommysalami420]

​@@RabJ208 No you're soft and realize if you don't scratch our back we won't take care of you as you age. Its a bartering discussion you were permissive back in the day gobbled up all the resources allowed crooks to gain so much power. This is the cost of a low cost society. I've already done all I will. I'm quite proud of what I've achieved already made an impact on this world in the sciences. But I never did it for money hell I wasn't even paid. You're lucky I'm still trying to live honestly with all the shit you guys pulled.

[@Halebopp97]

Not just young people!! I'm 38, I've worked since 16 and I've never had a period like this where the incentive not to work has been this strong. We have a broken labour market where not only does working not pay due to greedy employers and deflated wages, but where employers don't treat workers fairly or with respect when they do work. When you do work, what incentive is there? To look forward to all your hard earnings going to pay bills or debt which has been accumulated in order to survive. No prospect of buying a house and no prospect of any progression or opportunity. What a sad state of affairs. I blame Thatcher. But then all of them have been complicit in this mess, ALL of them!!! Corrupt to the core.

[@Stuart-f2m]

100% Work to be screwed over.

[@shorty5346]

thatcher started it off selling all of UK factorys to other country's

[@85yugs]

💯

[@BlackRose369.]

It's a pile of crap

[@dogmadogma5398]

Mass low skilled immigration really helps young people find work ?

[@stephfoxwell4620]

14 million in and 7 million out in just a decade.

[@FaithfulOfBrigantia]

Not paying taxes for a system who spends them to replace me with someone who will do the same thing for half the cost.

[@Jasmine-k9m2b]

!!!!! Precisely this ​@@FaithfulOfBrigantia

[@RabJ208]

@dogmadogma5398 , at least these hard-working immigrants are NOT LAZY and are willing to work long hours. We should be welcoming them in.

[@FaithfulOfBrigantia]

@RabJ208 No, we shouldn't, they have their own countries to be hard working in.

[@TahaNasser]

There is no incentive to work, because everything of value (e.g. housing) is so inflated in price that it is, for all intents and purposes, out of reach. Human beings are fundamentally creatures of the carrot, not the stick. We need something desirable that we can reasonably attain to strive for - this is the underlying factor behind motivation of any kind. This same mechanic being broken in the third world is why people there appear 'lazy'. They aren't intrinsically any different from anyone else, their minds have just (accurately) surmised that they live in such a broken economic landscape that 'hard work' won't equate to any appreciable difference in their quality of life, so why should they bother? The implicit social contract is broken - it has been eaten by the bankers inflating everything through usury and the rich that control supply of life essentials by forming cartels.

[@inbb510]

This is cope. It's much simpler than this. It's generations of below fertility birth rate combined with an aging population, combined that with the UK not being able to exploit former colonies for labour and resources anymore which made things look cheaper. The unsustainable promise of everyone and anyone being able to get a three bedroom house with a nice garden on limited amount of land also makes things harder in the long run and it is just that Gen Z are the first generations to see the ramifications of this.

[@erongi233]

Absolutely right. Quantitative easing and the bankers have a lot to answer for.

[@nothereandthereanywhere]

@@inbb510 Three bedroom house? That is a dream for couples, not young single people. Single people would be happy for a two bedroom flat, or one bedroom flat that is larger. Or do you think that having hobbies and personal space is a premium?

[@jayc342009]

Owning a house was a like a hurdle for young adults and today they have no chance of owning one, so now they spend money on holidays and fancy cars and don't invest into their future.

[@inbb510]

@@nothereandthereanywhere , that's part of the problem. This whole concept of single people "having their own place" is what is unsustainable. In previous generations, multi-generational cohabitation among families were the norm and only couples were allowed to rent apartments and houses. Therefore, what 5 houses would have housed 10+ adults in the past , now society is demanding that we build 10 houses/rooms/apartments for each person. You can't do this forever and you will eventually run out of land to build on that doesn't resort to urban sprawl. It also explains why loneliness is growing among young people too because by becoming "independent", they are basically volunteering to be in solitude for much of their lives. It also explains why young people are burnt out as you can't share chores like you do when you live together with a family. Independence is a double-edge sword.

[@CapabilityDrown]

I don't blame the younger people. I feel the same way after working most of my life since I was 16.

[@miguelval35]

Risking an already fragile mental health for a bit more than minimum wage is quite a bad deal. A society based in greed and exploitation is not worth contributing to either.

[@Andygb78]

I might be a bit mad, but I've never understood this notion of contributing to society, when society is so ruthlessly selfish. What is it that you're supposed to be contributing to, when no one gives a toss about anyone else & you have massive inequality?

[@jjwhittle8873]

@@Andygb78 And this is why true socialism is actually needed. A society where everyone pays in, and everyone benefits. And because everyone benefits, everyone's standard of living is raised up. This libertarian social model we've inherited from the States does not work in anyone's favour except the super rich.

[@zakosist]

@@Andygb78 you wouldnt even have your computer/phone if it wasnt for society. You would not have modern healthcare if not for society. You would not have easy reliable access to food from a grocery store and if growing it yourself, only relying on local resources, a bad year of harvest would mean starvation. There are reasons why humanity advanced. And by the nature we are pack animals that would have a really hard time surviving alone in the wilderness, its been that way since stone age all the way till today. But society and people, should care about people more

[@taki2owaki]

​@jjwhittle8873 no such thing as true socialism 😂 just socialism that exploits people same as capitalism or even worse

[@phoenixrising4995]

@@Andygb78your contributing to the corporate yacht club or the government yacht club or the growth of the military contractors club. That is about it.

[@Cyrax219]

If we had it like older generations we wouldn't complain. Where 1 full time job could buy you a modest home,food etc. But now you gotta make 6 figures and have 2 side hustles to get that.

[@MegaMackproductions]

Exactly. It's exhausting. I have one life to live, why tf am I going to spend it chasing someone else's dreams?

[@GRY890]

It's the job market: Minimum wage jobs or entry-level jobs require 2+ year work experience Multiple rounds of interview + thousands completing for a single position Many ghost jobs online too and many employers using nepotism instead of merit

[@inbb510]

There are tons of free training entry level material out there on the internet. This is sort of blessing and a curse as companies have just said "why train an employee when we can just hire someone who trained themselves using the free material on the Internet".

[@Vroomfondle1066]

The direction of the economy is primarily determined by the imperative of rich boomers getting massive returns on their pension funds.

[@RoniiNN]

Less economic growth slower recruiting slower recruiting equals high standards for the few that needs to be hired.

[@inbb510]

@@Vroomfondle1066 , the British and European welfare state are a massive Ponzi scheme that Gen Z people are coming to realise is not sustainable.

[@cerulyse]

its the AI arms race too, write me a cv etc

[@missm10]

Not surprised. There's no incentive for oyung people to work when the pay is awful, they cant afford the basics and they'll just get sacked unfairly anyway. life is so much more than work, and young people see this reality.

[@robertbones326]

Lol as if young people who aren't working are living fulfilling lives rather than living rent-free in their parents home, doing nothing, playing video games, possibly smoking, drinking, taking drugs....

[@_Meng_Lan]

I didnt i worked from 16 and i lived outside my parents home. Especially when they emigrated and i stayed here. Thanks for blasting everyone with your bias. You win the sweeping statement award

[@VinoVeritas_]

​@@robertbones326 What's the problem with that?

[@robertbones326]

@VinoVeritas_ They're going to struggle due to being on a low income. They won't be able to buy or rent their own place. If they have kids, their kids will also be on a low income.

[@VinoVeritas_]

@@robertbones326 Some people don't want kids. Over the next 5 years, AI will replace 50% of the white collar workforce. That means people will only have to work 2 days per week.

[@PaulBoden-d7p]

When I was a lad if you had a job (even a relatively low paid one) you buy a house (on your own!) and run a car. Working had tangible benefits.

[@wiser3754]

Emphasis on “had”.

[@steeldoubloon19]

Now you pay more tax when working because the allowance is fixed, purchases you make are charged vat (which used to be 17.5% and lower ten years ago) and then companies pay tax on profit, employees tax on earnings, how much of a product’s price is just tax? Then for the money you keep, half goes to your landlord who is over leveraged because lending rules are so relaxed and the BoE keeps loaning money to the banks (albeit has just stopped), or to the company who owns your block of flats because that’s the future everyone wants. Then more of your remaining income goes to a financed car, high energy bills because we don’t have domestic energy security like France (note France profits in energy crises because their nuclear plants achieve tremendous economies of scale, yet they sell energy at an EU fixed price) Then when you go to the high street it’s all the same shops that are either closed, money laundering (with ten chicken shops), or owned by equity groups whose profits just get redirected abroad to investors and not recirculated domestically.

[@RabJ208]

@@PaulBoden-d7p that's life. The world is becoming more competitive.

[@Kevin-tn5rr]

No reward in low wage shit jobs which that's all there is anymore

[@RabJ208]

@Kevin-tn5rr , nope! That's not true. Always in need of tradesmen. If you want a job that pays considerably better than minimum wage - do an apprenticeship.

[@XDspacemanJD]

Employers treat young people with utter contempt, instead of an investment to help develop a skilled, loyal employee. Getting a job is a soul crushing full time job in itself now. Spending days agonising over your CV and cover letter, only to not even get a reply back. It feels like screaming into a void, considering you’re already saddled with debt and a cost of living that your parents were spared of, what’s the point of it all?

[@Shadowwalker1717]

And in few years everything is automated and we all get Universal Basic Income.

[@ion552]

Romanian here . I work in London as a bricklayer and I see how the industry is changing and going down . I personally would not advise any young guys to start a career in construction. You will get peanuts paid for hard working literally like a slave. No radio no smoking between breaks is allowed. Idiots supervisors which will watch you all day long so talking between colleagues is not allowed also and no talking on the phone … we are treated like retards . Benefits are 0 . There is 0 hours guaranteed. No sick pay no pension nothing . Employers can send you home for any reason and without paying (bricks just finished on site , silo is empty or is broken , heavy rain. Is frost cold or even in the summer days when is to hot . Forklift has flat tire , broken or need a service…) There is no respect in UK to old generation for young either . Gen Z are treated even worse ,like useless and good for nothing lazy. No one wants to babysit them and they are first ones to be fired. Unfortunately they are DOOMED. They don’t have a chance to compete with older and experienced generation and work is very hard to find this days loads of people with 10 20 years experience are laid down because there is no work at all . Loads of sites are closing. UK is rolling downhill and is getting more speed unfortunately.

[@ion552]

Also old generation bought properties for cheap which are paid long time ago so they can afford to work for peanuts thus employers don’t bother to increase wages to benefit and stimulate gen Z.

[@gretcher56]

It is no measure of health to be well-adjusted to a profoundly sick society

[@JeffParr-cf4ru]

So called people with mental health problems are these who blame themselves for not being able to perform adequately in a rigged game. These who accepted that hard work leads to health problems later and not much to show for besides are pretty mentally stable ;) You do not have to kill yourself to survive. You have to do that to have family and kids. Many people realized that and do not plan to have kids as result. Societies bent on making rich richer deserve to fall. :)

[@Audiojunkk]

Employers take the piss, self serving, zero hour contracts etc etc Why should they be loyal and excited to work for someone who doesn't reciprocate

[@LawrenceTimme]

If you don't want a zero hour then don't take one... Not hard. Zero hour jobs are great for people who need a lot of flexibility and don't need pensions etc.

[@Longtack55]

Don't encourage those employers by accepting those "shitty" jobs. Unions help.

[@michaelcallaghan4336]

@@LawrenceTimme "If you don't want a zero hour then don't take one." Yes, I think that's precisely the point he's making

[@hughjohns9110]

@@michaelcallaghan4336 no his point is take a proper job instead. Don't forget we have a massive labour shortage.

[@utubeape]

Yes, and the "employer" expects the staff to be available for them, at the whim of those designing the shift schedule.

[@dcphillips1991]

I think older generations have vastly overestimated how productive they are. Over the past decade of working at large companies I've seen genx and boomers take days or weeks to do tasks that might only take a few hours.

[@wilkyb8997]

Union boomer

[@edenjs1503]

That is a real throwaway comment. I will follow your lead and not explain further though!

[@damianbutterworth2434]

As a boomer I do in 6 hours what a young lad does in 10. Not his fault. Just not got the go.

[@wilkyb8997]

@@damianbutterworth2434 why do you think that is?

[@damianbutterworth2434]

@@wilkyb8997 because he is not mad for it like us older workers. I`ve had a week off sick in 14 years and he has had loads of time off sick in just a year. Then again I was lazy at his age. Still am but still get the work out.

[@kubapuchar7069]

As older person (50+), I think that we are supposed to make life easier for future generations. If life becomes harder it means, that we (our generation) screwed up.

[@nicolasbenson009]

If the unemployment rate is able to remain steady while the Fed hikes and inflation falls back to target, a soft landing might be on the table

[@sharonwinson-m8g]

Don’t expect a soft landing. We know inflation still far from its 2% destination - the FOMC didn’t raise rates now, we can never fortell their moves these days

[@TinaJames222]

Fixed income Tbills and bonds may work for you while you try to figure out the next entry point for stocks

[@tatianastarcic]

I agree It’s always good to have a balanced fin-plan. I work with a professional planner multi market and fixed-income strategist in NY. the fixed income portion of your portfolio won’t simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income.

[@Vincent-j8u]

Who are you working with please?

[@tatianastarcic]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Sophia Maurine Lanting” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@glynnwright1699]

A bit rich for any lecturer to criticise the work ethic of students. Higher education is a business, and a fairly unethical, poorly run, one at that.

[@threethrushes]

This. Education was seen as a public good which makes sense when a country is nation-building. However, the UK is not a state run for the benefit of its citizens anymore. It's a corpo-kleptocracy. I emgirated in 2015. Good luck.

[@fionaholland9191]

Ive spent 30 years working hard only to watch promotiions, training opportunities, etc go to the bosses' mates without any justificatiion and god help you if you ask questions or whistle blow. In my experience the reward for working hard is to be expected to work harder and employers don't appreciate good workers - it's all nepotism and cronyism. Young people just aren't as naive as we were and the rebalancing of the power dynamic is long overdue. It's time bosses listened to workers and started valuing the right people instead of rewarding bad behaviour.

[@swojnowski8214]

shout loud and they will shut you up by giving yoi sth.

[@brianminder2561]

Workers telling bosses what to do! What delusional fantasy world do you live in?

[@fionaholland9191]

​@@brianminder2561one where people work harder and businesses retain experienced staff because they feel valued and loyal. But in these days of high staff and management turnover, the chaos of employee churn has become the norm.

[@RabJ208]

@@fionaholland9191 , I'm a millennial, and I remember when the Polish came over here. Great workers! They worked labouring jobs; jobs Brits didn't want to do; poor paying jobs, and worked long hours. A heck of a lot of them are now business owners now. Those who are willing to put hard graft in generally 'get ahead'. Those who are lazy generally get left behind.

[@skasteve6528]

The only reason to work, is to build a better future for yourself. There is little hope of this, so why would they young bother trying. They are no more lazy than my generation. People have been complaining about the young ever since there has been people

[@Imperatia]

I feel that lots of people assume that the inactivity is voluntary. From my own experience (and I'm not even in that age bracket) I can say that employers are non-responsive at the best of times, so looking for work mostly feels like Sisyphus' labour where you don't feel like what you are doing is actually progressing you in the direction of getting work. If you write something wrong in the application or say something that could be construed as a red flag in a job interview, no-one will ever tell you anything. Why? Because that would be _helpful._ It has been made exceedingly clear that the relationship is exclusively exploitative. Nobody is willing to invest even an hour of time into training here and wages are mostly minimal ( that's if they are even _really_ hiring to begin with). Oh and where I am from, lots of job offers don't actually have experience requirements. Except - it makes no difference. Because the pool of new jobs is tiny and the job seekers are many. So they will always choose the one that has this mystical experience anyway.

[@mishapurser4439]

This

[@Metal_Fingers.]

Who would have guessed, that after decades of Austerity and tax cuts for the rich. That we would find ourselves in a situation like this.

[@terryj50]

That’s funny and you lot want to be in the eu where youth unemployment is double that of the uk. lol

[@TheAkturus]

​@@terryj50Even after the catastrophe of Brexit you are not ready to accept that British politicians were fully responsible for their own actions? Not every EU country has high youth unemployment, and the UK has outstanding economic inequality compared to other European countries.

[@terryj50]

@ they all have far higher youth unemployment than the uk go check seems Brexit hurting the eu more hey lol

[@terryj50]

@ I love Brexit means people like you will be unemployed forever and your never be able to leave for your eu well they have no work for you anyway

[@Metal_Fingers.]

@@terryj50 Have you been brainwashed by right wing news? Do you still think Brexit was good for the country? Can you list me what we have gained since leaving the EU?

[@r2d2b3c4]

As someone who is 30 years old I can tell you that there is ABSOLUTELY NO incentive to work hard. I'm not going to crush my entire health just to get an extra 2% in my salary but increase risk and responsibility 10x. Your reward for being good is literally more work and stress. There is also absolutely zero security at work - after being made redundant several times I noticed that all this "we are a family here; we care about our employees; health comes first" bullshit goes out the window faster than you receive your P45 form. And majority of bosses are quite vain and egoistic assholes, not surprised that mental health is in decline, especially for young people who work for absolute pennies. The salaries are miserable - you can't buy much for them, so why would you even try to work hard? This is literally "maintenance salary" where you have enough to stay alive and maybe buy yourself a super small thing, almost as if a parent gives you money to buy some sweets and that's it. Majority of people I know are doing enough to just get along and won't push any further, and when they do - it's usually in the side hustle in order to have a chance to make it big and finally live alone or even own their own property. Anyway, who cares - let it all collapse, it doesn't matter by the end of the day and there is no point to this.

[@TheDavecroft]

Blimey, no wonder employers don't want to employ people. If you think working is stressful try spending your life on handouts on the dole....

[@basicfilmblog]

​@@TheDavecroft stop commenting.

[@mike2561]

But why are they so lazy?!?

[@monkeh86]

@@mike2561they’ve become accustomed to watching KZbin, Netflix, and playing PS5 all day

[@RabJ208]

You won't crush your health. I worked 80 hour weeks 15 years to meet my fianacal targets. I now own over 150 rental units. The simple answer is STOP making excuses and STOP being lazy.

[@finh-w8888]

If I were to "work hard" (I already work just not as much as I could) I would be able to just about afford to rent a flat. That flat would probably be in a state of disrepair ie, mouldy and damp. That mould and damp would eventually make me so ill (happened to me before) that I'd have constant chest infections that would affect my ability to maintain my hard work.. 3 years down the line all my savings would be gone my health would be fucked and I'd be back at my parents. There really is no point. This doesn't even take into account having to keep my car running in order to work and all the extra hidden costs that would come up.

[@beatrixbrennan1545]

I'm nor arguing against working, but it sounds like you could just get a dehumidifier?

[@vonder7]

I would like to return the favour and invite young Britons to Poland, plenty of work, probably higher wages (at least you can dream of buying your own place), safer, lower taxes, plenty of land to build a house on starting at 30-40k for 1000sq m, better weather., free universities, even higher benefits (child benefit is 170 gbp per month and no income limit). Trains are 30 gbp between major cities, not 300. Tube ticket is 25 gbp per month, not 200. Life is to short to waste it in a rented room. You’re welcome 😂

[@stevejones2310]

Yes, some good opportunities in the EU especially if you are an EU citizen

[@james-cucumber]

I’ll have to *decline* ,polish word endings are too hard for me!

[@ubitubee]

Nah, they'll just bring their problems with them.

[@vonder7]

@@james-cucumber true, but you don’t really have to speak the language.

[@geoff9759]

they wouldn't learn the language!

[@austinbar]

I am in my early 60s and retired at 53. Lots of people gave me pushback because they had difficulty grasping the concept of not working if you don’t have to. I looked at my life as stages. I earned everything I have now through a lot of hard work, but I owe it to myself to “stop and smell the roses” in my final stage of life. In my case I left the country after I retired and live in Latin America. It allowed me to get away from all the negative things happening in America while appreciating my new environment. I have yet to meet anyone who regrets retirement.

[@joshbarney114]

Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I has spent same number of years in the civil service, she is investing through a wealth manager and myself through the 401k. We both still earning towards having our retirement.

[@rogerwheelers4322]

It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $800,000 by investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

[@FabioOdelega876]

I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.

[@rogerwheelers4322]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky’’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@FabioOdelega876]

Thank you for this tip. it was easy to find your coach. and I conducted thorough research on her credentials before scheduling a call with her. Based on her résumé, she appears to possess a high level of proficiency, and I am grateful for the opportunity to speak with her.

[@CorporateShill66]

Whether you work or not, it doesn't matter. You won't get ahead and you won't own anything, so might as well not work.

[@Jasmine-k9m2b]

I did everything right. After having a child I've been trying to re-enter the workforce. Most of the job ads are fake and employers will just ghost, throw your job application in the trash. They want to hire cheap and compliant foreign labour.

[@quackcement]

Why work when housing is ridiculously so far out of reach . Live with parents

[@ssj9871]

Cope

[@darriusgivans6570]

More like reality of the modern world. Average rent in America is 2 grand. Most people spend half their income on rent. You are literally working to pay bills. You keep absolutely none of the money you make. You are far better off living at home then spending thousands a year on rent

[@quackcement]

@@darriusgivans6570 also even if you can get the mortage im wondering if your better off putting all your money into us stock market instead of getting a MAXIMUM mortgage. and living at home.? maybe it only becomes worth it when you at least own a decent chunk of the property

[@davidmorgan6896]

Parents need to get better then.

[@LawrenceTimme]

​@@darriusgivans6570if you are 18 then yes, you can't afford the average housing. Why is this shocking. You start with a flat or starter house, not the average family home. 😂

[@BillyBobJoeSnr]

I was following along until the 20-40% of disposable income on housing.... What?!? The average young person renting now a days is looking closer to 80% of take home pay on housing.....!!!

[@LawrenceTimme]

They are clearly renting a way too nice house then. Because even 80% of you income on minimum wage gets a nice re rental.....

[@BillyBobJoeSnr]

@LawrenceTimme I'm going to have a wild guess: you're over 45, own a sports car, 4 bed house and have a nearly completed mortgage... Am I close. My eldest daughter pays more in rent for a 1 bed flat in a not very pleasant area than my mortgage payments. The cost of private rent has been going through the roof.

[@joshb7415]

@@LawrenceTimme You are delusional, 80% of 20k is 16000 divide that by 12 and you get 1333, thats about what an average 1 bed flat is now. Unless you live up north

[@bopndop2347]

I just moved into a flat 80% of my wages go to rent.

[@cybermuse6917]

Not even close to 20%, I'd say a fair valuation on rent is closer to 40-50% but after essentials, you're looking at 80% of your take-home gone and maximum savings of a couple hundred assuming you spend nothing else. There's simply no upwards mobility, just enslavement without a light at the end of the tunnel.

[@mohhingman]

I’m an old menennial, and i sympathise. The old adage of working hard and housing affordability are long gone. Work hard? Why? Could not even afford a house.

[@strangeke7750]

Bro. I don’t mind renting. But you can’t even rent a one bedroom flat. Everybody should be able to rent a one bedroom flat that’s clean, affordable and private. But that’s impossible I guess.

[@SouthMarlet]

As someone that graduated with a degree in Maths, I have been working as a manual software tester for the past year. This video hits the nail on the head. I was told to go and do STEM to get a high paying job and learn skills. Currently I earn just above living wage, no sight of gaining any technical skills at work, having to wake up at 5am to test software and have a very boring job. I put in the absolute minimun so I can spend time learning skills outside of work. All this whilst applying for new roles with greater opportunuities. There is no doubt that the opportunities aren't what they used to be. It is truly exhausting.

[@lesterdiamond6190]

I'm curious, where do you live? I'm in Western Canada

[@auroratranceaudio7465]

Another thing I think is underreported is that most jobs are actually really fucking easy and boring, even professional ones which require degrees or masters degrees. We've got overqualified workforce becoming depressed with the reality of work

[@kevinadams9468]

Now that is the best comment in this thread!

[@tlangdon12]

This is one way to make your job less boring is to try to be a mentor to someone who is struggling to adopt the habits of hard work, or to try to automate parts of your job to give you time be a mentor.

[@auroratranceaudio7465]

@@tlangdon12 Honestly wish I could - but everyone in every job I've had since graduating uni has been massively overqualified and all of us have found our day jobs deeply unfulfilling and easy. Honestly automating our work is hte only thing which makes it fun, theres no incentive to automate it from financial reward, but it actually makes jobs interesting.

[@utubeape]

Yes back in the day when we had a world class manufactring industry less than 15% of the workforce went to university.

[@swojnowski8214]

university is juggling data, you need builders and plimbers not statistics people who can lie with stats.

[@mindcache5650]

The median cost of living in Oxford for a single person is £2200 per month including rent and utilities. The median monthly salary after tax for a single person is £2000.

[@Shadowwalker1717]

Or we try the american dream and buy a used car for 1.000 and call it our home hahaha 😂

[@DP-fp1uf]

@@Shadowwalker1717 forgot about the insurance

[@threethrushes]

The maths ain't mathin'. It is insane. I emigrated from the UK in 2015. My quality of life is orders of magnitude higher in a central European city than when I lived in London as a high-rate tax-payer.

[@michaelschiemer3]

Unaffordable education, unaffordable housing, collapsing healthcare, insecure, poorly paid work and you may soon lose your human rights....I just cant imagine why so many young people have given up. Oh and no or a poor pension likely too.

[@Dantursi1]

Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?

[@derrickholfman2]

@@Dantursi1 as most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisory management

[@Aarrenrhonda3]

Agreed, the role of advisors can only be overlooked, but not denied. I remember in early 2020, during covid-outbreak, my portfolio worth around 300k took a slight fall, apparently due to the pandemic crash, at once I consulted an advisor in order to avoid panic-selling. As of today, my account has yielded big fat yields, and leverages on 7-figure, only cos I delegate my excesses right.

[@CindyValenti]

@@Aarrenrhonda3 this is huge! mind if I look up the advisr that guides you please? only invest in my 401k through my employer for now, but enthused about diversifying my investments for a prosperous financial future

[@Aarrenrhonda3]

Annette Christine Conte is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@joshb7415]

I was a NEET from 22-25, I have a 1:1 degree in Computer Science. I have now been working full time for the last 4 years again as a Software Engineer (now senior). The reason I was a NEET from 22-25, was because of mental fatigue. I didnt claim any benefits, not untill my last year of being a NEET. Just lived off my savings I had and my parents help. After leaving university and getting my first job at 21, I was just shocked at how horrible working everyday was. Comuting into London, and not getting home until 7-8pm just felt horrible. I was living with my parents all the way untill 27, I just felt like I was a slave. Just getting up, going to work, coming back to a house I don't own, I didnt have a car, nothing. Horrible. I am lucky that now WFH is more prevalent, I actually really really enjoy working from home and the 2 days I do commute in, I dont mind it. Its just the everyday grind that after 8-9months just destroys your soul. I could never work full time in London again, not even for double my salary.

[@tlangdon12]

The daily grind is called that because it can grind you down if you let it. Many people who have to commute use the time productively, either for their employer or for themselves.

[@joshb7415]

@@tlangdon12 what do you do thats productive on a busy train with no internet for 2hours a day?

[@hughjohns9110]

@@joshb7415 read and learn? Old fashioned notion I know.

[@TheJase8566]

@@hughjohns9110 I’m sure that Dan Brown book you read as very educational

[@swojnowski8214]

thats not productive, its entertainment.

[@charliecrome207]

I am gen Z and you hit the nail on the head I think. Working long hours I'm fine with it it's fulfilling and I'm working towards something meaningful. But if I'm working long hours just to pay the bills so I can stay alive then why even bother.

[@inbb510]

@@charliecrome207 you need to bother because you live in a society. Working towards something "meaningful" was a luxury that was possible in the 1950s as there was a lot of growth potential: cheap cost of labour, lots of land available, young population, light regulations. But this is simply not the case anymore. The UK and much of Europe are now matured economies with very low growth potential: high bureaucracy, stringent environmental regulations, aging population, low fertility rates. Working long hours to pay bills is just a fact of life and it will be something our generation will just have to accept.

[@fortune-cookie-monster]

@@inbb510 I get your point but the road that has led us to this point is continuing to lead us further towards greater inequality and diminishing returns. It's not going to stay as bad as it currently is, if something doesn't change, it will get ever increasingly worse! This economic experiment we are on has no future except ever increasing misery and disaster. Increasingly desperate people are already turning their backs on out of touch politicians who proclaim all is well and offer no fresh ideas. Instead, they are clutching for answers from deranged snake-oil salesmen like Trump and Farage who are objectively cruel and make false promises. We need real, meaningful change and we need it before the the desperate folk turn to the far-right and pull us back to the horrors of 1930s and 40s. As the song goes, if you tolerate this, then your children will be next!

[@velisvideos6208]

Staying alive is not meaningful?

[@jhfdhgvnbjm75]

@@velisvideos6208 For me, no, not really. I only stay alive because I care not to cause pain to those who love me.

[@JeffParr-cf4ru]

@@velisvideos6208 You can stay alive with odd jobs. But that means no family, no kids, no future for society. And societies that do not provide future deserve to be ... discontinued.

[@johndoe1909]

if you pretend to pay someone, don't be surprised if they pretend to work.

[@creissantrocheleau946]

All these issues stem from an economy grappling with uncertainties, including housing problems, foreclosures, global fluctuations, and the aftermath of the pandemic, leading to instability. Rising inflation, sluggish growth, and trade disruptions demand urgent attention from all sectors to restore stability and stimulate growth.

[@debroahmorrow5919]

With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.

[@leonardives1991]

With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.

[@Elina_H]

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@leonardives1991]

Jennafer Beaver Turner is the licensed advisor I use. Just research the name. You'd find necessary details to work with to set up an appointment

[@Elina_H]

Thanks, I looked her up on Google and was very impressed by her credentials. I reached out because I need all the help I can get. I've scheduled a phone call with her.

[@babygirlmarx]

It's a basic cost-benefit analysis. People are willing to work harder if they know they'll gain a higher reward for their efforts. But if we ask young people to work harder for increasingly less then why would they have any motivation to keep pushing themselves harder? I have a friend that recently got a promotion and pay rise only to have their rent increased a few weeks later. There's nothing more demoralising that to get a pay raise only to see your living standards remain the same or even drop.

[@gravemind6536]

I've turned down loads of overtime because it puts me into the next tax bracket which means I actually hardly anything for it and pay more tax on the interest I earn. Pointless working hard and arguably pointless working at all.

[@hindu12259]

Raising without working father, encouraging single mum culture living on benefits, poor schooling, introducing with drugs at the age of 12, not taking any firm steps on drug dealers and criminals, what you are expecting?

[@steveo44]

They probably realise they are not even in the same game as previous generations. House prices are so crazy they probably think it's an unattainable goal. Leaving university up to their ears in debt. Not a good start in life

[@LawrenceTimme]

House prices aren't even that bad and it's not unattainable at all. They just aren't willing to sacrifice anything to get there like previous generations did.

[@tlangdon12]

House prices are very high in relation to wages, especially for the young, but it's not an unattainable goal. Even with a student loan to pay off over their working life, they will still earn enough to pay off a mortgage, it just might take 30 years rather than the 25 that it took our generation. I bought my first house with two friends. When it sold, it sold for the same price we had bought it for because we bought during a boom and sold in a doldrum. That didn't matter, I had saved money over renting.

[@basicfilmblog]

​@@LawrenceTimmeyou didnt sacrifice anything. Hush

[@misteroz]

I’ve never felt more worthless than when I was out of work. No money, no independence, no self-respect - no surprise perhaps that their mental health is in such a deleterious state.

[@Ridz149]

Yes, especially because it takes sooo long to get a job. you have to sit inside on your laptop all day applying to jobs- it would make anyone sick. thats why they give up.

[@strangeke7750]

Same. But then I’ve also never felt more worthless when I was working. When I got treated like I’m a slave. Got fired like my life doesn’t matter. So it would be nice to work. But you can’t work in this terrible society

[@Ridz149]

@ no I think that’s definetly specific to the place you worked at. Could be bad company culture or bad culture specifically in that store. Find a place where the people and respectful and don’t put too much pressure on you, and maybe one where the work isn’t stressful ideally. I have that and it’s chill. If it’s like that you should quit or jump jobs, it’s hard but that’s what you need to do.

[@98of99]

When all your income goes to just surviving with no chance of savings or purchasing a home, why would you expect them to work? Everything is stacked against them.

[@davelowe1977]

Why is this even slightly surprising? People get promoted on DEI criteria now. All the best jobs are to get off the shop floor into a desk job where you can hide and do nothing. Tax is so high that there's no disposable income. Contracting has been made nearly impossible. Nothing can get done because of regulations. And the proper spread of salaries has been massively distorted because fairness so it's not really worth being promoted. The list goes on and on.

[@generic_white_male6261]

If you can never buy a home why bother.

[@LawrenceTimme]

They could buy a home they just don't try. It wasn't even as hard as I expected. In COVID I thought I'd never buy a house yet this year I bought one because I got my head down and sorted my spending out.

[@TheDavecroft]

Yes, much better to stay in your bedroom at mummy's house looking at social media than trying to take responsibility for yourself...

[@basicfilmblog]

​@@TheDavecroft cry more.

[@TheJase8566]

@@LawrenceTimme liar

[@RabJ208]

Trigger warning folks!! Do NOT read (below) if you are easily offended, not yet on the property ladder or think wages being up or down matters. 2 minute read What are you willing to do in order to become wealthy or in order to get on the property ladder? You might say "anything provided it's legal". I might respond "okay, are you willing to work an extra 60 hours a week" ? Typically most people respond "NO". How about 40? "NO". How about 25? "NO". Okay what is it your willing to sacrifice in order to get onto the property ladder - In otherwords what 'good things' are you willing to sacrifice? Holidays, going out at the weekend, takaways? Typicical responce: NONE of it. I might respond, "okay when you said you were willing to do anything to get on the property ladder - what you really mean't was that you weren't prepared to do anything"? I often hear "it's scandless that people in this day and age are struggling to get by" "it's impossible to buy a house nowadays" "the new generation are never going to get their foot on the housing ladder" "the system is all wrong" - yet when I propose a solution the problem, people don't want to hear it and the typical responce is "ohh it's immoral" "it's obscene that I should have to work longer than 38 hours a week". To me, what this whining boils down to is, you recognise there's a problem yet you're NOT willing to do anything to fix it and want someone else to fix it, and not prepared to make any sacrifices. If you are only willing to work 38 hours a week - then you will only have a 38 hour lifestyle. It's no-ones fault but your's. If your sitting around waiting for the government to sort your problem - you're going to be disappointed because they won't. If you or someone you know want on the ladder; find a second job or start doing overtime in your current employment and start earning the money you need to achieve your goals and stop the whining.

[@RA-eg8tw]

I'm Gen Z and I'm not working because I can't find work and keep getting rejected. I'm completely capable and attended Univesity and have above average A-Level grades but even entry-level positions are rejecting me.

[@kquat7899]

What skills do you offer a potential employer?

[@RA-eg8tw]

@kquat7899 I'm hard working, I'm tenacious, I have great attention to detail and can pick up on new information and learn new things quickly.

[@kquat7899]

@@RA-eg8tw Skills. Everyone is expected to be hard-working and tenacious.

[@killafx4726]

​@kquat7899 What would be the correct answer, genuinely? I have considerable knowledge when it comes to anything I.T. - to the point where I have friends who work in tech/I.T. always asking me about matters for my 'take', and how I ought to have an 'I.T job', and all I get is crickets from employers. These are all entry-level jobs barely paying above min-wage (if that, as many are the abysmal apprentice wage).

[@gravemind6536]

Yeah you and the other 50% of overqualified people applying. University and even A levels don't mean shit when everyone has them. People need to start doing the jobs others won't do if they want cash. It sucks because everyone was told to go to university for a better career and life but it's all a massive con.

[@darek795]

I lived during communist times in Eastern Europe and also many people didn't work because they avoided employment or claimed disabiities. The government made it even illegal and you could be put in a prison for not working . The real reason was that working wasn't profitable enough, salaries were very low. But after free market reforms a lot of people began to work and in spite of the fact that punishments for not working were cancelled. The UK need free market reforms like the Soviet Union or Eastern Europe. Brits have now Soviet mentality and Soviet work ethic. People in the Soviet Union worked badly because they worked in the first placed not for them but for the state so they weren't motivated. If you work now and pay more than 50% of taxes you in fact work more for the state than for yourself, it's like in the Soviet Union.

[@chindit6784]

You just have to look at any soviet country not in the EU. All of them are the poorest in europe and free market reforms were terrible in Russia. If you mean we shpuld join the EU then you would have a point. You also claim we pay 50% of our income on taxes and its just not true. The median salary worker in the UK is paying about 1/5 of their monthly salary to taxes when you account for the tax free allowance and different tax thresholds you pay on the different parts of your salary.

[@LawrenceTimme]

Agree

[@LawrenceTimme]

​@@chindit6784Tax is easily 50%, you pay 20% tax on income, 8% national insurance, council tax, road tax, vat at 20% on everything you buy. It all adds up doesn't it.

[@jw841]

​@@LawrenceTimmeThis is true. I recently watch a UK based accountant explaining that the average UK citizen actually pays much more tax than they think they do.

[@chindit6784]

@@LawrenceTimme fair point but hard to say for things like vat as they are taxed on the value of items not percentage of income

[@Mitjitsu]

Entry level/minimum wage jobs requiring prior experience Mass uncontrolled unskilled immigration Insecure work as a result of zero hours, temporary and agency contracts

[@shanesprecher8290]

Employers should be held responsible for advertising jobs they have no intention of filling. If you pay an exorbitant sum to go to the Uni, because of computer programming jobs being unfilled and they need programmers, then only to find the jobs were ghost jobs that employer should be held responsible.

[@Mitjitsu]

@@shanesprecher8290 Because many employers these days use agencies to hire people, and people in those agencies often have no experience in the doing the job they're trying to vet people for. So it often leads to making unreasonable demands of applicants and more crucially not understanding relevant skills and experience. For example, I explained during an interview projects I had worked on in the past and tools I had used when doing hobbies. To which their response was "OK, but have you ever done that as part of a paid job?" At that point I knew they had no interest in hiring me. Despite the interview going well up till that point.

[@DewtbArenatsiz]

Soros Schwab hand rubbing intensifies

[@johnsawdonify]

UK is nothing like Japan in terms of work culture.

[@Jink-xj3jc]

Real estate is overevaluated and disconnected of the average income

[@slashingbison2503]

Quiet quitting. in a way i sympathise, post covid its all about work life balance. life isn't all about working to death.

[@everest9707]

Interesting episode thanks. Few things to add to the mix: Rates of cancer have been increasing, including in the young. Cancer is a good example to look at because it is more difficult to fake... People are having children at an ever increasing age, and less of them, so you could find yourself the only child, taking care of young children, whilst at the same time taking care of ill parents. That's a lot of stress, especially if you are also trying to work. Regarding the motivation of young people compared to past generations, one reason is probably that in the past if you invested heavily in your job, you might get a job for life. If you were to do that now, your investment, eg working all hours etc, is wasted as the company you work for is likely to fold or make you redundant. The mental health seems to be a genuine situation.

[@swojnowski8214]

badly polluted water, very polluted air, insanely poluted food. Any surprise people go down with cancer, dementia and mental healt issues early? Environmentally he UK is a sever in every possible way.

[@santiagohermida2090]

This generation has adopted the motto of workers in the former Soviet Union: "You pretend to pay me, I pretend to work." It's hard to blame them when you see what our world of work has become to satisfy the savagery of financial capitalism...

[@cerulyse]

gig economy no respect for workers now it bites back, damn tories

[@snodgee]

I went to school in the 60’s and there were definitely not as many children needing to go to specialist schools for health reasons

[@andyscobie5381]

Want people to work? They need a reward at the end of it all. With pensions in question, lack of affordable housing and salaries that barely allow to save means that people just don't give a shit. I know someone who has suffered a serious mental health crisis about two years ago and they'd only benefit around 400 quid extra per month at a salary of 25K for a 9-5. The UK squeezes its people instead of looking for revenue streams from abroad. It's quite a silly predicament to be honest.

[@mozarkozark]

That’s what heaven is for. If you don’t work hard, you won’t make it to heaven. You shouldn’t want anything in this world anyway. The reward is in heaven, and if you’re lazy, you can’t live for eternity after you pass.

[@mozarkozark]

The reward is heaven. If you don’t work hard, you can’t make it into heaven. It’s important to work hard regardless because that’s what God commands us to do.

[@basicfilmblog]

​@@mozarkozarkehat utter drivel. Hush.

[@TheJase8566]

@@mozarkozark that’s what the boss class told us. People don’t believe that lie any more. Boss class can give us their money and get heavenly rewards

[@danielmalinen6337]

In Finland, the problem has been for a long time that no one hires, but all places just fire and reduce employees. And the only workers most needed in Finland are hospital nurses and doctors, which cannot be done without proper education, while there is an oversupply of labor in all other sectors and occupations. And due to the number of study places only a very small number can study to become nurses and doctors at one time (about six or ten per year per medical school in Finland), and admission to the school is very limited so that not everyone is accepted.

[@Ridz149]

It feels to me as an 18 year old that it's harder to get a jo now than it was before. Regarding part-time retail jobs for uni students, it seems that it takes about 100-300 applications to get a job. you could face multiple rounds of interviews for low skill jobs which is absurd. things like this is what discourages people from working in this country i think.

[@LawrenceTimme]

There are a lot less retail jobs because everyone buys everything online now. How can you get a retail job if all the retail are closed. Also minimum wage is so high now the retail stores can only afford to pay the best people who will stay rather than students who are unreliable and have a high turnover.

[@LawrenceTimme]

Also another top tip, if you can do an apprenticeship or at least do a year placement in your degree. Uni is a massive waste of time and money for many who go. It's not any easier to get a job at the end and you have a huge amount of debt.

[@brianminder2561]

You mean it's harder to find a job now than when you were 17?

[@RabJ208]

Gain experience and look for zero hour contracts, which are much easier to get. Also look into recruitment agencies in your area. You'll get something soon.

[@manhoosnick]

As a 39 years old, I agree.

[@krissteele6867]

The work situation in this country is a joke. We had a company meeting this morning to inform us our pay review would be delayed from november to january. It had already been delayed from may, so itll be almost one year late. They claim its cashflow issue, but it was never a problem until the company went woke and started employing equality & mental health staff. We now have a designated phone number we can call if we feel depressed. Today was 'mens mental health day' and all staff invired to attend a virtual semenar between 8am abd 10am (still paid for work) while they discuss 'mens issues'. Last week it was a semenar in 'deconstructing toxic masculinity' and the week before that a semenar on menapause. I just want my pay rise!

[@johnlesoudeur3653]

"employing equality & mental health staff". What gender is mainly employed in this role?

[@MichaelWilliams-n2f]

@krissteele6867 I'd rather be unemployed than work for a company like that

[@Ryan.Dias619]

If you are working for a tech company, they will kick you and others by 2nd week of January. I know this pattern very well.

[@krissteele6867]

@@johnlesoudeur3653 I think you know. DEI hires, all of them from London.

[@krissteele6867]

@@johnlesoudeur3653 I did reply to this but it appears youtube is censoring what I write. But yes, I am sure you already know.

[@squeezefirst5039]

But the boomers will say we're just lazy. We need a show where boomers try and get a job , survive for 6 months in this economy. Wages haven't increased in line with inflation+high cost of living

[@Guitar6ty]

No the boomers say this is all thanks to the wests governments shipping all the industry out to China and SE Asia then creating a low wage service economy and using mass immigration to push growth. Under this system we have all been reduced to slaves.

[@frogandspanner]

When I was in banking the boss (the director) dragged me off at 17:30 to the pub (opening time in those days). Had I remained at my desk he'd have been unimpressed !

[@mrmeldrew693]

It isn't even generational. I bought my house a decade ago at £235,000....it would cost almost £400,000 now. Most people have not had much in the way if wage rises in that decade, but everything is wildly more expensive. Not a chance I could afford my house now - I'd probably be paying more on a mortgage than I am now for a much smaller property in a worse place. Kids are paying for free decades of managed decline.

[@LawrenceTimme]

People can still afford a house. I just bought mine this year, yes the price hikes in COVID set me back 2 years, but I just grinded it out and it was 100% worth it.

[@mrmeldrew693]

@LawrenceTimme they can, but the mortgage they will get will buy a lot less. My costs for a four bed detached house ten years ago will buy a much smaller 3 bed semi around here now.

[@TheDavecroft]

Plenty of houses north of Watford for around £150K, easily affordable to a young couple on average wages - if they could be bothered to work. You actually don't need to start adult life in a 4 bedroom detached with a couple of Audi's on the drive, you know.

[@mrmeldrew693]

@@TheDavecroft I have Suzukis. German cars are overpriced.

[@Steven-hq3go]

​@@TheDavecroftit should be possible to buy on 1 wage and the wife (rare for people to honour marriage nowadays) shouldn't need or face to work. Mothers or expectant mother's souls be able to work in the home with the husband earning average pay

[@UIM_Moose]

I'm 33, and I don't blame young people for not wanting to work lower paid jobs at all, if it's minimum wage, give minimum effort. Most of us need to be earning money to get us over the next line in life, whether that be a car, flat/house, or starting a family of your own... You can't be sponging off your parents forever. If you're going to take low paid work, it better at least have a real qualification on offer or some chance at a real career development, that's when it's worth making the extra effort.

[@phils4634]

The "Student Loans" scheme is a particularly insidious wealth extraction mechanism. The UK has unfortunately followed the US "model" of education as a commodity, not a service, with an unnecessarily large number of "Universities" providing relatively poor value for money on the "education" front, yet charging highly for their services. You will notice that the value of even Ph.D. grants has dropped significantly in real terms, as has the value of a Post Doc. stipend. Forty years ago, I noted that a Pharmacy graduate (no need for an Honours Degree) was paid more during their Pre-Registration Internship (still not a "Registered" Pharmacist) than a Post Doc., and this is why UK Science is now very much a shadow of what it was.

[@swojnowski8214]

look at China though, educations is what took them where they are, 800 million people off poverty at a cost of the rest of the world. It is free education stupid ...

[@Conorspillane]

I have not given up I get the constant response "you are not exactly what we are looking for"

[@swojnowski8214]

you answer, you had your chance, now your products and services are not what i'll ever look at again.

[@DewtbArenatsiz]

Why bother

[@mrchow4924]

We want young people to act like adults while we treat them like children. This is an ever-stupid problem.

[@auroratranceaudio7465]

Also think we need to have a conversation about more senior people's attitude change in the workplace. Since COVID it is clear many of them are taking full advantage of working from home or working incredibly irregular hours around childcare needs. This has left junior staff with bad role models, lack of oversight and authority in the workplace. Even in terms of pushing professional development and innovation - absent or distracted senior staff is stifling this. But no one is having this conversation, instead focussing on the lazy younger staff

[@fionaholland9191]

I would quit if I wasn't allowed to work from home. I haven't had a pay rise anywhere close to the inflation in travel costs for about 10 years. Working from home saves me about 5k a year and two hours a day. I work my ass off during the working day though. If your staff work on a computer and you can't track how hard they are working there are plenty of software to help with that. Just because they are.present doesn't mean they are productive. Just a thought.

[@auroratranceaudio7465]

@@fionaholland9191 yeah same here working from home is a god send. But I think theres more to work than "working hard" - I notice lots of more senior absentee staff are failing to build relationships, drive innovtion, and generally lead and develop their colleagues when they're able to switch off and focus on family as soon as they've completed XYZ task. Being in the office facilites this

[@fionaholland9191]

​@@auroratranceaudio7465agreed. Teams need to work together in the same space at least once a month and have one face to face open meeting. That sparks creative problem-solving via the ideas domino in a way you don't get on virtual meetings. But the push to get people back to 100% office based work is based on a fantasy that people were magically more productive when they were present and you could see them which is nonsense. Managers need to learn better ways to hold staff to account than spying on them over a cubicle. Have a good day Aurora.

[@mycuprunnethoverr]

Co workers who are evil and negative is a number one reason why many people choose to work from home or not at all !!! Protecting your mental health is the most important

[@EoinLynch-v1y]

We had some young interns in work for 6 months. They didn’t want to do the work assigned to them on the team they were on. They wanted to go straight to work with a team of senior engineers. One of them kept making complaints to the HR department.

[@LeoButler019]

I love the grounded reality of this channel!!! *If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you..prevent inflation*

[@Benjaminfreedman-l6r]

I feel sympathy and empathy for our country, low income earners are suffering to survive, and I appreciate Wayne. You've helped my family with your advice. imagine investing $30,000 and receiving $95,460 after 28 days of trading.

[@Schiffmiller-i9z]

Well I engage in nice side hustles like investing, and the good thing is I do it with one one of the best(Michael Wayne), he's really good!

[@AaronHarry-x1y]

Did someone just mention Mr Wayne!? Damn! You just made my day; what a coincidence.. I've worked with him for over 2years and I can tell how good he is

[@OwenWilson910]

It's great to see you guys talking about Michael Wayne, This man changed the game for me. Good Man❤️

[@Robert160-n5d]

*with over 10 years of tra ding experience, Mr Michael has gained himself a good reputation by helping a lot of persons build their finances' through investments🇺🇸. *

[@Rb39-ej5hh]

It's pretty common in these comments, but it's all about incentives. In order to buy your own home and start a life in the UK you need a high-income career. Everyone knows that, making those careers extremely competitive, with 'entry-level' roles still demanding years of experience. A regular job is just a non-starter for having a life nowadays. You'll work full-time and either live with your parents with a tiny bit more money or rent a place, giving half or more of your income to some landlord, essentially paying their mortgage for them while you're left with no home of your own and no money to retire on.

[@vintage0x]

To anybody reading this with a secure job which they like or even love: be grateful for what you have.

[@swojnowski8214]

two legs, two hands and a head, more than enough ...

[@dixieflatline1189]

We used to tell kids to get educated, work hard and make something of themselves. But over the last 20 years, aspirations have been commoditised and valued for the long term debt they entrap people with. Add cost of living and failure in social infrastructure - it's no wonder young people are unhappy and have health concerns.

[@Sultan-cf5wf]

Trust me man I'm trying to find work but no one's hiring or they've already selected a candidate by the time I roll around. The job market is saturated, very much an employer's market.

[@frmcf]

Someone earning the minimum wage in a major city in England can probably just about cover their cost of living in a flatshare: rent, bills, food, clothing. They're likely to be able to make ends meet, but really not much more, and that's IF they're lucky enough to be employed on a full-time permanent contract. Of course, the reality has been for years that those types of jobs are often short-term and/or zero hours contracts, so in reality many young people will be stuck living with their parents, since landlords and letting agents won't look twice at them. Their wings are clipped, and their hopes are dashed. They've been set up to fail.

[@mikerophone324]

At least in Birmingham, finance assistant jobs very often fill at minimum wage. There are ones that offer higher wages, but often the additional cost of commuting or being closer to the job far exceeds the extra pay you’d receive, making you worse off, so often these jobs have to be declined. It’s very common for a room in a house share to eat up 50% of take home pay anyway, so you’re basically toast regardless 😂

[@TheDavecroft]

So? They won't be on minimum wage for ever, will they? Not if they've got any brains. It's called working your way up and most of us have had to do it. Only this generation seems to expect everything as soon as they leave education.

[@mikerophone324]

@@TheDavecroft Perhaps not, but a lot of that upward opportunity can depend on the degree to which they can move to the opportunity. A lot of the time, better opportunities are often found in more expensive areas that are hard to reach to reach by public transport. Two trains and a bus, for example, is expensive and extremely time consuming, especially when the bus probably runs every 30 mins and isn’t terribly reliable. Those sorts of jobs would typically realistically require you to drive, but then insurance (often costing thousands), low emission zones, and difficulty parking anywhere if living in a house share would all be issues that lower job mobility.

[@aliahmadi3016]

There is no hope for future young people working just to survive.!!!!😔😔😔😔

[@TheDavecroft]

Rubbish. Today's young are much better off if they are in work. I didn't have a brand new German car and a flat as soon as I left university, I had a 5 year old Mini and lived at home with parents for several years while I saved up for a house. Holidays were a week in a caravan in the Lake District.

[@basicfilmblog]

​no one cares dave..shush.

[@RabJ208]

@Dave, true! These woke, snowflake folk don't know how lucky they have it. Lol

[@harmonizedigital.]

My life is better not having a job.

[@dewaard3301]

Has anyone actually tried asking GenZ what their outlook is on career, working, and what basically amounts to submitting your best years to helping someone else be rich, while they barely get by on the salaries that are paid, and the only real value is the experience and career building that a job may provide.

[@Lazarus1095]

Want young people to work more? Make it easier for them to get jobs. I don't know how it is in Great Britain, but when I was looking for a job In the early 2000s in the United States it was almost impossible to do so. I had to take a personality test to determine whether I had the right attitude to be employed before I even got a chance to get my first job interview. When I figured out how to fake a passing score and got my first job (after 5 damned years of trying), I then discovered that I was expected to be on call 24/7 in return for a 15-20 hour work week at minimum wage that didn't even pay a quarter of my rent. Nowadays I understand that I would be expected to run a gauntlet of fake job postings and send out an arsenal of several thousand applications- all for the privilege of getting interviewed multiple times by an AI system before I even get my first real interview. Who wants to go through that? The only reason I have a roof over my head now is because I actually managed to make my own job.

[@mattmckeon1688]

Not wanting to work if you can avoid it is an entirely rational decision in the current climate. It's precarious, poorly paid in most jobs and the government taxes much of what you earn, and the rest goes to a landlord.

[@mattmckeon1688]

Woke: Working from Home. Broke: Not Working from Home.

[@TheDavecroft]

So spend your life on benefits and see how happy that makes you...

[@OneAndOnlyMe]

I think Gen Z are getting it right. They're not willing to let work define them. They're not willing to become wage slaves. For the younger Gen X and Y, they are an inspiration to us, we're taking retirement as early as we a can (late 40s, early 50s), and doing a side hustle.

[@chrisregimbal2073]

Who can blame them. Work your tail off for zero reward in a dying civilization.

[@CassiniProjekt]

Lol, employers calling gen Z workers entitled? Pot kettle black.

[@hellowrld6120]

In Canada the government gives $1600 a month for disability. We have very liberal psychiatrists that will indeed give you the stamp of approval to go on disability for 'depression', you also get $2 medication for your 'aliments'. Since $1600 a month isn't enough to live a comfortable life , one will have to ensure that your 'medications' are those can be resold on the street. Since medical care is free in Canada you can hop to as practitioners as are locally available in order to get your desired prescription. This stagnant lifestyle could also lead to weight gain, so ozempic is an absolute favourite addition to the supplemental income stream. Combine this all up , and now , the haul is about $2000 a month. Not alot , but without the extra costs of going to work and the extra energy that takes. If you do work , you get taxed soooooo heavily anyways , you'll end up with the same money as the NEET

[@AraAra-zc2eb]

What motivates one to work are those human connections we need money for. Family, friends, etc. Without these, you're just working to keep the lights on.

[@enigmathegrayman2953]

Nobody works because they don’t have the mental strength, health or fitness for the stress of it! Very sad…

[@craigedwards2411]

Call me shocked. Young adults do not want to do crappy jobs and can't afford to save for a down payment for a house? Who knew?!? To everyone who is in their 50s and complaining that nobody wants to work. I challenge you: Imagine you are 20 years old again and go and have a look online at the jobs and for a house / flat to rent. See for yourself how much "fun" it is nowadays.

[@agfagaevart]

Great to hear this! Employers don't want anyone over 40 or 50. they want young and cheap! well...be careful what you wish for. EMPLOY OLDER PEOPLE!

[@kingdomofaphalas.2485]

Coming from someone in the topical age bracket 18-24, Yep do agree with most of what is being said but want to add few other bits- my year group lost our A-levels to the stupid algorithm that the govt came up with in covid, we had our maths and english gcses changed and made a damn sight more difficult because the unis were irritated. There is this thing now of the experience trap (places asking young to get kore experience whilst nowhere is offering any.) As a final point, I am a dyspraxic - I am in the process of starting a new role that i am looking forward to but it has taken me to basically spit in the face of the advice jobcentre and other career advisors gave for me to actually be considered for the role. Turning around and having young neurodivergents given the advice to not tell employers about there neurodiversity is stupid advice that i have experienced - yeah you run the risk of being judged and people not hiring because of that, ok but if you report it later then you have the same problem. I bring this up because there have been reports of neurodiversity increasing and if the young still get outdated advice like that it doesnt help, constant job searching drains mental health.

[@Steven-hq3go]

I have mild autism and I think autism is overdiagnosed.

[@DP-fp1uf]

London uni especially has 'contextual admission'

[@bsl025]

Let’s put is short: I’m 33. I’ve been working since I was 18. I live sparely. I don’t own a car, I don’t go on vacations. Having my own apartment is a dream. I already know I won’t get any retirement. People work until they have hope to make their life better. When that’s not the case, the game is over. No complex economics needed.