Quote:
Originally Posted by Red
Since Gen Y are the smartest and hardest working generation yet I am sure they will find ways to succeed in these new times.
I am sure they won’t just sulk, moan and complain about useless and dumb baby boomers stealing the jobs they are entitled to.
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There are always people succeeding. The issue is limited availability of jobs, capital, resources, housing, etc...
Even if you manage to get a 100k salary within 5-10 years of graduating, the cost of housing rises and rises.
Let's put it this way. In law school, which I somewhat recently graduated from, the number of spots across Canada has remained stable since 1975:
http://www.cba.org/dev/BC/bartalk_95...est_cohen.aspx
Meanwhile the population of Canada has doubled since then. The population of undergraduate students has more than doubled. The next hurdle is getting an articling position, which is tougher and tougher every year. The hire backs after articling have got worse every year. The salaries relative to capital/housing expenses/tuition/overhead have dropped every year. The only thing increasing is our workload.
It's not an issue of getting ahead. Not only is it harder to get ahead, but once you get there the pie is smaller. No one is "sulking and moaning". Our generation works longer hours, get more training, etc..There's just nothing there at the end for us.
On top of all of that, our generation has to deal with BS like affirmative action, diversified hiring, etc... instead of dealing with their own racist/sexist infrastructure, boomers will load bottom positions with disposable minority workforces so they can promote X amount of our staff is female/visible minority. In reality it's all old white dudes at the top taking more and more.