That generation is the millennials – our generation are the most unemployed in american history.
The culprit, say some social commenters, are millennials themselves.
In this telling, we are a lazy cohort of entitled and narcissistic brats
— the proverbial Generation Me. But this is a classic case of blaming
the victim.
The true cause of this unfortunate situation is clear: It’s the
economy. The Great Recession stymied economic growth, halted job
creation, kept older Americans in the workforce longer, and encouraged
younger Americans to continue debt-financed schooling.
Moreover, the Great Recession was not merely a one-off calamity — it
was a symptom of economic ills long perpetuated and ignored. And the
criticism and labels that have been heaped upon millennials bear much
more resemblance to the type of intergenerational stereotyping that has
always existed (“darn kids these days”) than to any measurable reality.
The truth: The economic tragedy of the Millennial generation was
written before many of us had even learned to read — Baby Boomer parents
and grandparents who, at once, genuinely love and care for us, but have
also created or perpetuated institutions, policies, and economic
realities that have now hobbled us.
Our generation has been called “entitled.” We beg to differ. If any
generation is entitled, it’s our parents’ and grandparents’ generation:
the baby boomers.
True entitlement is tripling the national debt since the 1980s and
using the proceeds to spend lavishly on tax cuts and government programs
that primarily provided short-term economic boosts, while refusing to
raise the Social Security age of retirement or to reduce benefits, even
as the gluttonous program careens toward unsustainability.
AAP Image/NEWZULU/ZOE
True entitlement is allowing the reasonable minimum wage that Baby
Boomers enjoyed when they were our age to deteriorate while opting to
cut taxes on the gains from stocks and bonds that they accrued during
periods of debt-driven economic and stock-market surges — creating an
economy where wage earners at all income levels, as of 2012, receive a
smaller portion of economic output at any time since 1929.
True entitlement is, for decades, enjoying the benefits of the lowest
energy costs in the world while refusing to price-in the external costs
of carbon emissions, exacerbating the real changes to our planet that
pose profound risks to the environment and economy for which millennials
will soon be the primary stewards.
These grave consequences were entirely foreseeable — but they
happened. Young Americans have been fleeced in order to fund the
transient excesses of the old — and yet millennials are labeled
“entitled” because we were given “participation trophies” and “personal tutors” before we were old enough to vote ... ?
Give us a break. Millennials are not entitled. But we are frustrated.
We’re frustrated, because the same baby-boomer bloc that created or
tacitly perpetuated the policies that have hamstrung millennials now
makes up almost a third of the American voting-aged population and holds
nearly two-thirds of the seats of the US House of Representatives and
Senate. This, during a decade-long span when incumbent House and Senate
members are richly rewarded for being the most unproductive legislators
in US history, respectively winning reelection 94% and 87% of the time.
ITU/Rowan Farrell
Granted, many members of our generation need to learn how to vote every
two years, not just every four. And we need to begin to fulfill the
civic-minded label — “The Next Great Generation” — which social scientists have bestowed upon
us. When we do begin to regularly share our opinions in the voting
booth, not just on Twitter, you can be assured that we’ll act to keep
this country great. We’ll make the “hard” choices the baby boomers have
refused to make.
Already, we’ve learned how to be fiscally responsible — with the most
student debt of any generation in history, we’ve had to. More than any
other generation, we eschew expensive possessions like cars and large
houses, opting instead for bikes and shared living spaces. Sure, we would like to own all that fancy stuff someday, but we realize that we can’t have everything we want.
We know that our government would be better off spending more of our tax dollars on jobs and education, and not just on Social Security and defense. We overwhelmingly recognize that the war on drugs has been an embarrassing waste of money and lives, and that anyone should be able to marry whomever they love.
Perhaps we millennials are entitled: We seemed to think that
baby-boomer politicians would enact much-needed changes while we fiddled
with our smartphones. We were definitely wrong on that one.
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