A trapped generation.
Younger generations barely have the basics covered: food, shelter, and safety.
But the path to meaning, purpose, and belonging? That's a different story.
Largely blocked by the process of AI, the younger generation will suffer a large setback in the workforce for years to come and may never recover.
The higher percentage is mostly living at home with their parents, they have no job, no income, no place to live, and do small chores around the home for a small allowance.
Maybe just enough to be able to mingle with their friends and help to maybe find some work, get into a career, and get out on their own.
Parents can't just leave their kids on the streets to try to survive.
Previous generations found fulfillment through career advancement, home ownership, and building wealth.
Today, all three feel out of reach, and real wages have barely budged in the last 50 years.
The job market is hell right now, and home prices are 5x the median income.
Younger generations are betting big and hoping to get lucky before AI takes their jobs.
It's a struggle for the younger generation to survive today that has never been seen before, and it might be pure luck for any young member of the workforce to find employment.
The older generation is also struggling to keep their job.
Most of the older generation are forced into retirement and have to depend on part-time employment to help with retirement.
If one were lucky enough to land a job with a company and pension plan, and if the plan was large enough, they would be way ahead of any generation in the workforce now.
But it’s not all bad news. New technology doesn’t always shrink the labour market; it often expands it.
The internet may have killed print advertising (a $65 billion industry at its peak), but it also gave rise to digital advertising (now worth over $700 billion globally). AI will likely do the same: replace some jobs, transform others, and ultimately create entirely new opportunities that didn’t exist before.
AI is compressing the timeline. Every month brings news of AI conquering tests or tasks that used to require years of training.
Even traditional strongholds like medicine, law, and software engineering are at risk.
For younger generations, the math is changing quickly: why work hard for a career that might not exist in 10 years?
Thank you for reading,
Tim.
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