The recession is over. Haven’t you heard? The media are sure now that we’re all back to prosperity and we’re out of the woods now. The only wrinkle is that the jobs don’t seem to have returned. And according to an article I read in Macleans Magazine this week (ok, the article ran a few weeks ago, but I’m that far behind on my magazine reading. It’s been a busy month!), the poor Millenials, aka Generation Y, are getting the worst of it.
Silly me, I thought those hit the worst were the out-of-work middle agers who lost their secure jobs when they most needed to pay the mortgage, daycare bills and feed their families. But nope, I was wrong. It’s the poor university grad who has to take on some crap job that they are overqualified for because the perfect work experience isn’t dropping into their laps. And I quote:
When Amanda, who asked that Maclean’s not use her last name, got her undergraduate degree in math last June, she wanted to get a job as an analyst. But after four months of unemployment, she took an entry-level position at a Toronto IT ﬁrm. While her friends who graduated with similar credentials just a few years earlier started out making about $40,000, she’s earning $30,000.
In fact, most young people entering the job market now are making less than peers who found jobs two or three years ago.
Aww, poor babies. But it sounds a lot like how my entire generation felt coming on the heels of the baby boomer generation. And I think we had it worse, because this recession is just a set back for Gen Y, not a permanent state of affairs like the ones I lived through. I quote again:
Whereas the recession in the early ’80s replaced full-time jobs with part-time jobs, and the one in the ’90s replaced traditional employment with self-employment, this downturn seems to be replacing permanent jobs with temporary jobs.
Um, sorry, but that was exactly what happened to my generation when we left school. There were almost no career jobs. We were all underemployed. And permanent jobs were out of the question. We were lucky to find temporary or contract work. Heck, I built a career out of temporary and contract work..
Why is it tragic that these over-coddled kids have to work their way up and into a career? We did it and most of us are just fine. And back in my day, living with my parents past my early 20s was entirely unthinkable. I worked as a secretary, copy writer, whatever it took, while paying rent and buying food all by myself. Why can’t they do the same?
Post-script: I just re-read this and I think I’m maybe too hard on Gen Y. It’s not their fault the demographics worked in their favour, giving them, up until this recession, anything they wanted in the work world. It’s their parents’ fault. 🙂