Boomer Hypocrisy

Anonymous Monkey's picture
Anonymous Monkey

This is a rant. The people now in their 50s and 60s currently working in financial services were the most privileged generation of all time and in their youth had virtually unlimited access to employment opportunities, especially if they were white and male. Acceptance rates for elite universities like Harvard, Yale and Columbia were laughable by today's standards, globalism had not yet inundated the American financial job market with waves of Indians, Pakis and Chinese, and the American economy was virtually unchallenged on a global scale, which was reflected in high wages (we were still a unipole in the 80's and 90's and thus had the economic might to back it up). Accreditation and government licensing was lax, companies still rewarded loyal long-time employees with pensions, and various life milestones (like mortgaging a home and having kids) were relatively easy due to lack of liabilities (no crippling student loans). The aforementioned people in their 50s and 60s will claim it was "hard work" that granted them success in the industry, failing to realize that the table was stacked in their favor institutionally and demographically. I personally cringe whenever I see an old Ivy alumni from like forty years ago come back to deliver commencement speeches, like they're from a completely different era yet try to take credit for their "achievements" by acting like they're on the same level as today's kids, when in reality if they had applied today with their same stats they'd most likely be at a NESCAC. Try to change my mind.

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Jul 3, 2019
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