If you look at the bigger picture it's hard to imagine this wouldn't be the case.
Not trying to start a generational food fight but realistically the world has changed since the boomers grew up. The US is facing major great power rivalry from China, we're much more internationalized (I read in the economist that only ~5% of US citizens had passports around 1990), and probably something almost nobody is talking about, the financial condition of the country is vastly different today -- our national debt just passed 100% of GDP, our state and local governments are financially stretched, GDP growth has slowed down, and environmental causes are consuming more attention, and money.
It'a almost unfathomable how much debt the US piled up at every level, from households to state and local to federal, over the past 50 years. It's a double-whammy: they weren't properly funding pensions/infrastructure/etc then, and now we have to both keep these things in good repair, AND make up for all the debt that's been accumulated (both financial and otherwise) by them not doing it over last generation.
The decline of manufacturing EMPLOYMENT (not value created) is also a big part of this. There used to be this demand for high school graduates where you could just walk into a place and get a job. Nowadays, that's a lot harder to do. Just look at how many hours of work is required to afford the basic necessities of life (food, healthcare, shelter), it's gone up a lot. Not going to pontificate on why that is, but I think it's worth acknowledging as being true.
Kind of hard to see how things wouldn't be more stressed, and stressful, today than 40-50 years ago.
> The decline of manufacturing EMPLOYMENT (not value created) is also a big part of this.
I read a paper that said value created down everywhere except computer equipment. And even then that's probably an accounting fiction. The US is employing less people in manufacturing and we're making less stuff across the board.
The US makes me think of a description by a GI of a German Army surrendering at the end of WWII. First there was the top echelons, generals, their staff. Along with their wives and mistresses. Followed by the troops and equipment assigned to protect HQ. All in a state of perfect order. Followed by a rump army of totally broken men. And then nothing.
If you occupy the right position in US society you can believe everything is fine. If your a smart kid from a formerly working class family in Ohio, you know by the age of 12 that you need to escape.
"If you occupy the right position in US society you can believe everything is fine. If your a smart kid from a formerly working class family in Ohio, you know by the age of 12 that you need to escape."
But that's... common sense for ambitious people to dream then (at least attempt to) "escape" to a greener pasture. That's how things rolled since the dawn of humanity. What's really different here/now?
Nothing,the same way than current teenagers are not better or worse than any previous generation. All of this is just a healthy mix of recency bias and narcissism.
Not trying to start a generational food fight but realistically the world has changed since the boomers grew up. The US is facing major great power rivalry from China, we're much more internationalized (I read in the economist that only ~5% of US citizens had passports around 1990), and probably something almost nobody is talking about, the financial condition of the country is vastly different today -- our national debt just passed 100% of GDP, our state and local governments are financially stretched, GDP growth has slowed down, and environmental causes are consuming more attention, and money.
It'a almost unfathomable how much debt the US piled up at every level, from households to state and local to federal, over the past 50 years. It's a double-whammy: they weren't properly funding pensions/infrastructure/etc then, and now we have to both keep these things in good repair, AND make up for all the debt that's been accumulated (both financial and otherwise) by them not doing it over last generation.
The decline of manufacturing EMPLOYMENT (not value created) is also a big part of this. There used to be this demand for high school graduates where you could just walk into a place and get a job. Nowadays, that's a lot harder to do. Just look at how many hours of work is required to afford the basic necessities of life (food, healthcare, shelter), it's gone up a lot. Not going to pontificate on why that is, but I think it's worth acknowledging as being true.
Kind of hard to see how things wouldn't be more stressed, and stressful, today than 40-50 years ago.