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
360° Giant Sequoias on a Changing Planet – Part 2 | National Geographic
[Music] One of the things that’s so interesting about the giant sequoia trees is how long they can live: a thousand, two thousand, three thousand years. Although they are incredibly resilient, we’ve managed to change our climate so much. We just don’t rea…
Warren Buffett Warns About Diversifying Your Portfolio
Hey everyone! In this video, we are going to listen to Buffett describe why he recommends serious and knowledgeable investors should ignore conventional wisdom and purposely have a concentrated portfolio of stocks. Make sure to stick around to the end be…
The Housing Crisis that's Collapsing an Economy
If you’ve seen China in the news lately, you’re probably familiar with photos like these: lots of construction seemingly going on until you look closer, and you realize that there’s actually nobody working on these buildings. This is because China’s prope…
Summing op-amp circuit
Another form of an op-amp circuit is called the summing op-amp. We’re going to work through how this one works. What’s drawn here now is an inverting op-amp circuit with a single input. We’re going to call this V_a. We’ll call this A for now, and we have …
Charlie Munger's Most Iconic Moments
I don’t think there are good arguments against my position. I think the people that oppose my position are idiots. And well, you don’t want to be like the motion picture executive in California. They said the funeral was so large ‘cause everybody wanted t…
15 Ways to Safe Guard Sudden Wealth
So you just sold your business, sold some land for 100x what you paid for, inherited a lot of money, retired rich, or won the lottery. Now what? Need a game plan, my friend? And by the end of this video, you’ll not only know the most effective ways to nev…