GenX in recession

What is a recent Washington Post article (which I was hipped to by The Gen X Files blog) saying about GenXer attitudes in light of the current recession?

They’re antsy and edgy, tired of waiting for promotion opportunities at work as their elders put off retirement.

Huh. Doesn’t sound all that different than before the recession or during the last recession or before that one too. But there is something that’s different compared to when GenX workers were the age that Millennials are now. And that is this:

A good number of them are just waiting for the economy to pick up so they can hop to the next job, find something more fulfilling and get what they think they deserve. Oh, and they want work-life balance, too.

That’s right. Screw loyalty! To any company anyway. Because we’ve learned the hard way that such loyalty will get you nothing in the end.

I learned it long before I entered the work force, when I was witness to General Motors attempts to force my father out of his job as an engineer before he was ready. He worked for GM for 35 years but that mattered little because it was cheaper to higher a younger person who would work for less.  I say attempts because my old man is stubborn as hell and he wouldn’t budge until he got a good retirement package, even when they demoted him to a basically a data entry clerk. Of course, years later GM reneged on their deal to provide health coverage to my father and mother for the rest of their lives.

I learned it again when, in my first foray into the corporate world, I (along with others) was booted in order to balance a budget. Of course, it wasn’t put that way but it didn’t need to be said.

More recently, I learned that there is no loyalty in the economic world when CitiCard arbitrarily hiked my APR from 12.24% to 17.99%. No real reason was given for this increase, although later I was reminded of the bill that goes into effect in Feb. 2010 that cracks down on the credit card companies; they’re all uping their rates before that law goes into effect. Fuckers! And it didn’t matter that I’d had a CitiCard for 17 years, that I’ve always paid my bill on time, that my wife also has a CitiCard, that our mortgage is through CitiBank or Citigroup or whatever the fuck they call themselves. And this is a company that was given government bailout funds.

But enough ranting. Because this whole situation has me wondering. What will come of GenXers being put out of work and not being afford the oppor5tunity to return to the same level again. Perhaps a resurgence in creative endeavors, not just technology-driven but in terms of  art and Literature, music and movies, poetry etc. Certainly family cohesiveness will become stronger. Which is to say, as the article notes, Generation X is tought, resiliant, creative, and we’ve been here before. So bring it!

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