Nothing’s changed – the news media writes the same stories every year! Everything is awful!
Once again, the media story tellers invent a creative story devoid of any historical context, all the better to create emotional, upset readers:
December 2023:
Younger generations are also concerned about how the current economy will impact their future job prospects and earning potential. Nearly a quarter of Gen Z respondents (23%) say they’re most worried about a lack of high paying jobs, decreasing wages (21%) and general job security (16%). Altogether, Americans are worried about their money. According to the study, two thirds of Americans say the current state of the economy gives them anxiety about their finances, with Gen Z and millennials being most likely to report feelings of financial anxiety (71%).
Forget doom scrolling, Americans now doom spend to cope with stress – Intuit Credit Karma
1983: 1980’S GRADS: BABY BOOM TO JOB BUST – The New York Times (nytimes.com)
He is not alone among recent college graduates. More than 900,000 of them in the 1980’s have discovered they must put aside college-days dreams and settle for jobs that do not require a degree if they want to work at all.
….
Many, like Allison Tobias, who majored in international studies in business administration at a large Middle Western university, find themselves stuck in positions they reluctantly accepted after months of unsuccessful job hunting. Mrs. Tobias started in December 1980 as a customer-service representative for a national financial-services company that specializes in second home mortgages, at a salary of $10,800.
And more from November 2023: US economy: The jobs market is strong. Why don’t people care? – Vox
Labor market is strong, wages are up sharply, consumer spending is strong and robust – yet everyone is convinced things are awful. This is because we’ve turned into a “culture of perpetual outrage” – no matter how good things are compared to history we are all today victims of someone else’s doing.
