July 27th, 2024

The Puzzle of Generational Politics

Younger generations face economic instability, high living costs, and job insecurity, leading to discontent and political shifts as they challenge older generations perceived as hoarding wealth and power.

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The Puzzle of Generational Politics

economic instability, facing challenges such as high living costs, job insecurity, and a lack of affordable housing. The generational divide is becoming more pronounced, with younger generations feeling disenfranchised and angry at the older generations, particularly the Baby Boomers, who they perceive as hoarding wealth and power. This sentiment is reflected in various cultural expressions, including films that critique the societal pressures on older individuals. The economic landscape has shifted dramatically, with Millennials and Gen-Zers struggling to achieve the same financial stability as their parents, leading to a growing sense of alienation. Many young people are pessimistic about their future, with significant portions of them supporting right-wing parties that address their concerns about immigration and economic policies. The political landscape is evolving, as younger voters begin to assert their influence, albeit amidst a backdrop of economic challenges and a political system dominated by older generations. The rise of artificial intelligence and changing job markets further complicate their prospects, leading to fears about job security and wage stagnation. As these younger generations navigate their realities, they are increasingly vocal about their frustrations, setting the stage for potential generational conflicts in politics and society. The future remains uncertain, but the growing discontent among younger voters suggests a significant shift in political dynamics may be on the horizon.

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By @anovikov - 4 months
I still can't understand how is this possible given that at least in the U.S., GDP is still, on average, growing at a healthy rate. How can the next generation be poorer than the previous one if real per capita GDP increased by about 75% in 35 years, which is about duration of a generation? Where did the difference go? Just eaten up by 1% so the median ended up poorer? Then we have inequality problem, not generational problem. Inequality problem just needs better propaganda to be mitigated.