Originally Posted by
Dean
And the Boomers say to me “back in my day”???
You clearly didn’t have it hard at all.
Imagine what us Millennials will have to say about what we went through...
It's possible you might improve your understanding by studying some history. Roger Douglas introduced his "surprise" economic theory and probably hundreds of thousands of people lost their jobs. The "sunset industries" were gone and the jobs with them. Tens of thousands of government jobs too were gone. We don't manufacture much here any more, it's more efficient to buy it from China. Lots of jobs in China, successive generations of permanent unemployed here. Plus large numbers of people trying to survive on the minimum wage.
Prior to Rogernomics the economy was government controlled. The government set the exchange rate, they set the rules by which the bank could offer housing loans, and sometimes they intentionally made it very difficult if they were worried about inflation at the time. The other big expense they controlled was the hire purchase regulations, if they thought too many were buying cars they would require a bigger deposit and/or a shorter time to pay. IIRC the most difficult was 50% deposit, one year to pay the balance.
The Millenials are facing difficulties, no question, but things aren't looking too flash for the Gen Zs as they leave school and try to join the workforce.
Then there's a pandemic to further complicate things for everybody.
There is a grey blur, and a green blur. I try to stay on the grey one. - Joey Dunlop
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