A BC reader comments on my Globe column:
I don’t think we’re in a recession so much as we’re in a revolution – and it seems closely linked to age and generation lines.
Anyone born after 1996, has experienced resistence settling into a career, paying off student debt, financing a house, a car, etc. The idea of working for one company during one’s working life is far fetched.
Having been denied the single family homes in the suburbs and it’s trappings, alternative values and lifestyles have emerged. There’s no loyalty to automakers, phone companies, or TV networks.
The new generation and economy has forced individuals to adapt to cheaper technologies, means of mobility, communication and a global marketplace. Raising families has been put on hold if not abandoned altogether. Even nationhood has become obsolete.
It’s a brave new world, but corporate boards and political parties have yet to figure it out – or are in a blissful state of denial.
As the new generation abandons traditional middle class mores and lifestyles, who will pay the taxes on increasing medicare costs? Who will purchase the homes built during this last boom and the baby boom generation? Who wants to finance a vehicle in which gas, insurance, maintenance costs continue to rise?