Our Exploited Supergeneration: A Failure Of Working Class Politics

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Our Exploited Supergeneration: A Failure Of Working Class Politics

 

https://www.hard-problems.com/p/our-exploited-supergeneration-a-failure?r=547wmn&utm_medium=ios&triedRedirect=true

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From the article some points:

“They (millenials) own just 3.2 percent of the nation’s wealth. To catch up to Gen Xers, they’d need to triple their wealth in just four years. To reach boomers, their net worth would need a sevenfold jump.” - Washington Post

 

Gen Z entered this rigged game with their eyes open. They’re the most educated, diverse, and digitally native generation that has ever been born. Yet they’re also the second generation that feels worse off than their parents Why? The rules changed. Even "good jobs" at Google or Goldman can’t compete with asset inflation. Saving $1,000/month for 30 years yields less wealth than inheriting one boomer’s house in California.

Yet, rising productivity means Zoomers and Millenials are 86% more productive than boomers were at their age, yet real wages fell for under-35 workers since 2007. All gains flowed upward—to shareholders, landlords, and private equity vampire firms.