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
Externalities: Calculating the Hidden Costs of Products
What’s a mispriced externality you mentioned at some point during our podcast? An externality is when there is an additional cost that is imposed by whatever product is being produced or consumed that is not accounted for in the price of the product. Some…
Rainforests 101 | National Geographic
(Birds chirping) - [Narrator] Shrouded in a blanket of clouds, they awaken. Their canopies of green glitter in the sun. Their wildlife start to slither. (Snake hissing) - Chirp. (Birds chirping) - And growl. (Growling) - And one of the planet’s richest ec…
ALUX Builds School for 60,000 People
We want to leverage our platform to help people in the communities that need it most. When we asked you about it, you said Uganda, so we’re here. Ladies and gentlemen, welcome to Interview International Airport. By the local time, it’s 25 minutes past whe…
Math Magic
Hey, Vauce. Michael here. If you rearrange the letters in “William Shakespeare,” you can spell “here was I like a Psalm.” In the King James Bible, in Psalm 46, the 46th word is “shake,” and the 46th word from the bottom is “spear.” William Shake spear wa…
_-substitution: defining _ | AP Calculus AB | Khan Academy
What we’re going to do in this video is give ourselves some practice in the first step of u substitution, which is often the most difficult for those who are first learning it. That’s recognizing when u substitution is appropriate and then defining an app…
15 BEST Books on INVESTING
You are watching the book club. Every Wednesday, we handpick the best books to improve your life: the 15 best books on investing. Welcome to a Luxe calm, the place where future billionaires come to get inspired. If you’re not subscribed yet, you’re missin…