Why Gen Z workers are already so burned out
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The feeling is ‘why bother working 50 hour weeks in a stressful profession if I’m going to be in roughly the same position as working 20 hours at a book shop and getting to spend more time with my friends’, and this is something I relate to as well even on the more successful end of the young person with job spectrum. It does feel a bit pointless doing all this. My savings and money are just as useless as nit having them when a house I could live in is 20x a bookshop salary and 12x my salary, they’re both not cutting it so why bother?
Anyway, that’s where this feeling is coming from in my group, and is something I’m still trying to find a solution for in my setting.
Is this actually true? It's hard to believe that you'll "be in roughly the same position" earning $34k/year as earning $80k/year. Is the thinking that "if I can't buy a house then there's no point in saving/earning any money"?
I enjoy coding, I'm not some whiz but I can throw together a CRUD app in a weekend and hook libraries together so it's enough. I feel as if any job I take will be intellectually stimulating but spiritually unfulfilling. I would much rather be moving things in the real world with my body, or working outside, or still doing coding as long as it's something that has an immediate visible impact on my community. But jobs like that don't pay the bills.
So instead I take the high-paying tech job. I have no real desire to advance except to increase my income so I can save more and partially retire early and take a much lower-paying job doing something that makes me proud. When that's my motivation it's difficult to care about anything other than doing the bare minimum to get the next paycheck. This sentiment is reflected by a lot of the engineers I know my age who escape it through partying, sitting around all day doing nothing and still getting paid, having multiple remote jobs where they barely do any work, or trying to escape the rat race via entrepreneurship. None of them are lazy, the incentives just aren't aligned for employee satisfaction.
There's no amount you can be paid to give a shit.
At least from where I'm sitting, it seems like young people never switch off.
You come home from work, and rather than spending some alone time doing something you actually enjoy, young people will spend 2 hours projecting their "personal brand" on Insta or Discord, then another hour on the web finding out the latest things they're supposed to be outraged at or offended by. Then, it's time to watch a Twitch streamer, eat an unhealthy meal and before you know it it's midnight and time for sleep.
On the weekends, it's time to see your friends and family - which means exhausting, fake interactions designed primarily to "be seen". Brunch, clubs, experiences and attractions, all with the axe looming over your head that your social network could kick you to the turf if you're not keeping up on the treadmill.
The poor zoomers haven't had an actual day off (Sabbath) since the end of high school.
In the end, you will be happy, you can be sure of that.
Take more risks in finding out what your purpose is here on this planet, if playing safe and live a boring life is really your thing after finding out then you have all my respect, but at least explore...
Be careful with addictions of any kind as they slave you, especially smartphones, gambling, cigarettes and hard drugs, stay away from debts as well...
Try to stay free and try to define your own path as much as can...
Success, you can do it as most of us did it...
All of those things you mention require time. Not just ANY time, but expensive time. Time spent playing video games or using your phone or browsing the internet is cheap. It doesn't require driving, dealing with traffic. It doesn't require planning months in advance and using what little time off you get already. It doesn't require spending even more energy after you come home exhausted from work.
The reality is that time is expensive. And unfortunately most of your time spent goes to a job that doesn't compensate well for it. Even as a relatively successful software engineer I'm likely never going to own a home. So I can fully understand why Gen Z feels burned out when the prospects of a future barely exist.
According to levels.fyi, an entry level software engineer makes 150k-200k. And from my experience and those of my friends, this seems to be true. And I also know some friends in their 20s that have already bought homes using their SWE salaries. So it does seem well within the realm of possibility. Why do you think you'll never own a home?
When all not-fancy houses around (in a not-so-fancy Paris suburb - well you want to stay close to a job market... - and you need to be close to public transportation 'cause hey you don't want to use a car, save the planet right?) start at 450/500kEUR (with work to do on it!) and you're making 40kEUR a year as a sw engineer, and still have to pay rent in the meantime because you're not getting a 30 year loan for >50% of your salary without some kind of down-payment you're gonna have to work 10y to gather... Meh I get it.
The housing market is just stupid. And I'm sure some happy people find nice jobs and houses not not around Paris, but I also see how economic downturns made peers redundant and... Well not many possibilities when away from the main job market.
Yeah you're still better than your uber or lower paid peers, but what are you doing working 50+hours a week for that?
1. Working in the bay area for one of the big tech companies
2. Working for an overvalued startup (which given the turmoil of the current stock market is not a very stable shot).
For reference as an entry level software engineer I started my career at 75k a year in a sector that's known for being very lucrative. This was in a fairly low to average CoL area and while you could scale to 120k+, that comes at around double the rent and general costs.
So 'why do you think you'll never own a home' is an incredibly loaded question, don't you think?
- Household income trends per age group have remained relatively consistent. The youngest group has seen the biggest dip in the past couple decades but did recover pre-COVID. https://www.pewresearch.org/wp-content/uploads/2018/12/FT_18...
- Real incomes are down slightly for those without a college degree but up significantly for those with a bachelor's or better https://www.pewresearch.org/social-trends/2019/02/14/millenn...
- Housing prices are up significantly https://fred.stlouisfed.org/series/USSTHPI but price per square foot is actually fairly flat https://www.aei.org/carpe-diem/todays-new-homes-are-1000-squ...
Another thing to keep in mind is with decreasing birth rates, future generations will have a higher tax burden to support the aging costs of the previous generations.
While I see what you mean, the effect seems minor at best. I wouldn't feel comfortable coming to that conclusion without more future data and comparative numbers for Gen Z.
> Another thing to keep in mind is with decreasing birth rates, future generations will have a higher tax burden to support the aging costs of the previous generations.
This does sound reasonable, though I don't necessarily know of any actual research supporting this conclusion.