Comment by method_capital
11 hours ago
> "Everyone alive in the developed world today grew up in a wondrous period of history where the middle class had many luxuries previously only afforded to those with inherited wealth. There are signs that period is ending."
People have been freaking out about this pending doom for as long as we've walked the earth. Most of it stems from either old age or political hyperventilating (both symptoms of perceived displacement). Humanity's still grinding forward ... faster than ever.
Try telling that to the 20-somethings who already cannot afford to get on the property ladder and are being told AI will replace what few skilled white collar roles were available to them.
Times already have changed. It’s not people freaking out about a theoretical scenario. It’s already happened for those entering the job market today.
Izzat all? Man, kids these day sure have it easy. When I was a kid, we had to worry about getting nuked into glowing cinders in World War III, getting conscripted and blown to bits fighting the Soviet led Warsaw Pact, or not being able to get on the property ladder and being told that the Japanese will replace what few skilled blue and white collar jobs were available.
It’s definitely harder to get on the property ladder now than it has been for decades. This isn’t hyperbole, house prices have grown disproportionately to wages. This has been proven in literally every financial report about property prices. Eg https://mojomortgages.com/mortgage-news/homeownership-50-yea...
And as for the fear of WW3, have you turned on the news recently? That fear is just as real now than it was in the 80s.
I know that HN is quite American-centric, but for rest of the developed world (particularity Europe and East Asia), we're already worried about an impending world war.
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> cannot afford to get on the property ladder
The American Midwest would like a word.
If you don't mind being a couple hours drive from anywhere Taylor Swift would play, you can find affordable property, a good community, and amazon prime service. Any town that lacks tech work opportunities will still have solid internet from Starlink to support remote work.
There are awesome opportunities if you look.
Now those 20-somethings need to deal with US immigration too. Because most of the world don’t live in the USA.