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
Ray Dalio's Warning of a Prolonged Recession in 2022 (Stagflation Explained)
Over the past few months, many economists and investors like Ray Dalio have come out and predicted an upcoming period of stagflation in the United States. Sounds like a weird and scary term, but as the name suggests, it simply means two things occurring a…
Future Founders Conference for Women Globally
[Music] We are all excited to have you here at our very first Future Founders Conference for Women. We believe that creating a platform where successful women can share their stories and advice is one way to bring about even more successful women-led busi…
Sales pre-PMF should be done by the founders.
If you’re the founder of an early stage startup and you’re building a product that you’re hoping other businesses will buy, you are capable of selling it. That’s the good news. The bad news is that you’re probably the only person capable of selling your p…
2014 Berkshire Hathaway Annual Meeting (Full Version)
Thank you. Good morning. Uh, before we start, there are two very special guests that I’d like to introduce. Have stand up. Uh, the first, uh, even though he was on tour, he, uh, took a quick, uh, detour to Omaha to be here today, and will my friend Paul A…
A Rare Look at the Secret Life of Orangutans | Short Film Showcase
Something like seven million years ago, there was nothing like a human on Earth. There was not even a pre-human standing upright; there were simply great apes, very much like the ones that live with us today. [Music] I was crossing the river at dawn. It…
Strategies for dividing multiples of 10, 100 and 1000
We’re going to do in this video is get some practice doing division with numbers that are multiples of 10, 100, 1000, things like that. So, let’s say we wanted to compute what 2400 divided by 30 is. Pause this video and see if you can calculate it using w…