yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Birth of the Slacker | Generation X


2m read
·Nov 11, 2024

Most Gen Xers are in school during the crash, so at first they think, "Like, so what?" I'd never quite understood the stock exchange game enough to be interested. I would like to meet this Dow Jones; I thought he was a guy in all the Disney movies.

I vividly remember that day because all these classmates of mine in college were huddled around the TV, and I was like, "What's going on?" Like, full-on Keanu Reeves, like, "What's up? The stock market's crashing? Well, that's fine, I'm creative, who cares? I'm going to be a writer."

It turned out that had an impact on the job market. It turned out there weren't as many jobs. Recession is already here. General Motors and Ford are laying off almost 25,000 workers. Coming out of college with a degree doesn't matter; no one can find work.

I applied for every single opening in my field, but there's just—there's nothing. Times are hard. You just going to have to swallow your pride. For Gen Xers, the new reality sees the birth of McJobs and the death of traditional careers.

White-collar workers are hit the hardest this time. The stereotype of the slacker is born. The whole idea of us being pegged as slackers, I think, came out of the fact that we couldn't get jobs. People started looking at different ways that they could do things, precisely because those traditional paths weren't there anymore.

That's kind of what Gen X was—a bunch of us kind of gone like, "Well, maybe there's like a back door into this." All sorts of independent film, independent music, alternative ways of working. That doesn't make you a slacker; it actually makes you the opposite.

More Articles

View All
15 Things Rich People Advise But Never Do
Everyone looks for advice from the rich, but advice is not universally applicable, and even they don’t follow it, and for good reason. Here are 15 things rich people advise but never actually do. Welcome to Alux. Number one: go to school. Going to school…
Safari Live - Day 194 | National Geographic
Good afternoon everybody, and welcome to the sunset Safari here on Sunday afternoon. I think it’s a Sunday afternoon, anybody? You’re looking at a leopard, believe it or not! That is Husana, the male leopard. My name is James Henry, this is my Sunday smil…
What is Space Time? | StarTalk
What is space time? You already know. You have never met someone at a place unless it was also at a time. You have never met someone at a time unless it was– OK, I get it. I get it. So we– Whoa, well, wait a minute. What happens to a photon from 13 billi…
Who Is Responsible For Climate Change? – Who Needs To Fix It?
Since the Industrial Revolution, humans have released over 1.5 trillion tons of carbon dioxide or CO₂ into the Earth’s atmosphere. In the year 2019, we were still pumping out around 37 billion more. That’s 50 percent more than the year 2000 and almost thr…
Tax implications of non-typical pay structures | Employment | Financial Literacy | Khan Academy
So let’s think about some of the pros and cons of self-employment. I’m going to make a column of pros and then in cons maybe a nice scary red over here. Alright, cons. I think a lot of folks, when they imagine working for themselves, they imagine, “Well…
The Ponzi Factor | Stocks are NOT Ownership Instruments
The reason why finance professionals do not see the stock market as a Ponzi scheme is because they believe the credibility for an idea rests on repetition, tradition, and people who recite it rather than proof, logic, or facts. The first fallacy, which I…