[starik36]

The Peter Thiel's part about the current situation not working for young people is right on the money. I am of the age where my kids (and those of my friends) are graduating from college. Every single one of them is having trouble finding work within their profession. Every one.

I've done reasonably well as a developer, having been an architect at several large enterprises. I consider myself a pretty good developer. My kid followed in my footsteps and also became a developer. He is objectively ridiculously good at it. And far faster than I ever was. But it took solid 9 months before he found a job. A one month contract. Which he then parlayed into a full time job, once they saw how good he was.

Compare this with when I graduated. I had a full time job before I received a diploma. It never even occurred to me to worry about finding work.

[onlyrealcuzzo]

We were on the right side of the debt cycle, that's all there is.

If the rate of TOTAL debt was accumulating at the same rate now as it was then, there would be jobs aplenty.

Debts are still rising, but at slower rates.

[johnnyanmac]

Yeah. Anyone who still doubts how bad things are: "interview" for a month. Just a month. It will be very apparent but many people who are content in their careers would never otherwise notice.

It's no wonder Gen Z is so cynical. People are talking about how good things are and they can't even get a human to respond to them for their first step in.

[SimianSci]

I think Thiel's right, though I despise the man immensly for unrelated reasons.

I grew up wildly excited about the capitalist world of promise and meritocracy in which I was going to grow to be a man. I never had grand ambitions of becoming wealthy, but wanted to work hard so that I coulod have a nice life and build a family. Now that im an adult, I cant think of a single reason to be proud of the current system. Ive worked incredibly hard for a life of 'getting by'. Im incredibly privileged where my friends and family are not, and cannot imagine the struggle and hardship of those with less prospects than me.

I cannot in good conscience witness the world in which I am now an adult and say that this capitalism is a good thing. The people around me are suffering and I firmly believe that it is every man's duty to fight for their family and community. Nothing about fighting for community here involves supporting capitalism as it stands today.