Quote:
Originally Posted by Slava
Truthfully, the broad generalizations of generations are kind of pointless. I'm GenX, pretty close to the cusp of millenials and I came out of school right into double-digit unemployment and promises of "you're graduating at just the right time because all of these baby boomers are nearly at retirement age". I don't think it's a spoiler that they weren't retiring! Strangely, a generation that lived on debt (both personally and corporately) found that they weren't completely prepared to retire...and when they got to the high-paying coveted positions they weren't quick to retire.
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I'm in the exact same boat as you (many CPers likely are). I also had the added bonus of graduating law school right into the 2009 economic meltdown.
The double digit unemployment you speak was a giant buildup of all the Gen Xers unable to find positions. The Gen Xers were kind of the prince Charles generation (although that metaphor is probably no longer apt, as he is now king), where there was not only no one retiring to make room for them, but they weren't even promised that level of hope. For them it was just, there's a lot of boomers in the workforce and you don't have any experience, so no jobs.
For the record, I do agree that generalizations about all people of any given generation don't apply to individuals. However, I'm looking at it more as a question of economic realities that existed at different times.