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The NINJA Generation
The best line from the movie, Wall Street: Money Never Sleeps, came from the legend himself, Mr. Gordon Gekko. It is in stark contrast to his famous “Greed is Good”, but just as fitting for the time in which we live.
During a speech to a group of college students, he appropriately labeled them as the Ninja Generation. It generated some laughs and chuckles from those in the audience, but it is more accurate than they would care to admit.
What is the Ninja Generation?
It is an acronym which stands for: No Income, No Job, no Assets. It is a fitting title for the recent batch of college graduates and students who are enduring the worst job market and economy in generations. The U6 unemployment rate is 17% (which is a more accurate measure) and Government officials have been lowering expectations by stating this is the new normal.
What can the Ninja Generation Expect?
- Lower standard of living
- Lower real wages
- Higher taxes
Welcome to the real world my dear 20 somethings. You will soon discover:
- Video games were a waste of time
- No one cares how many followers you have on Twitter
- No one cares how many friends you have on Facebook
You have enjoyed the “university experience” to its fullest, graduated with a watered down degree, while walking away with a mountain of student loan debt and no real skills. You believed the story of the American dream where you go to college, get a good job and start a family. That was true 20 or 30 years ago, but it is a different world today. The dream is out of reach and it is time to face reality.
Good luck with all of that… but all is not lost. You can fight your way of this situation, after all, you are Ninjas, right?
Breaking the Chains that Bind,
NewWaveSlave.com
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Take heart Ninja generation, I was told the same thing when I was turning 20 in 1990. “You’ll never make it, there’s no job’s, your future is dark, blah, blah blah”.
For some strange reason, it seems that the older generations are eager to try and define the younger generations. Kind of like a neurotic parent saying: “You’ll never amount to anything”. I think that it’s their OWN fears and disappointments in themselves being projected. They are afraid that their own future is bleak, so they project that onto the younger folks. I’ve learned that people tend to do that… We humans tend to see the world around us as a reflection of ourselves… And if we are in a mindset of gloom and fear, we tend to see the rest of the world that way. So I hope you take heart, and don’t believe what a bunch of 40, 50 and 60 somethings have to say about you.
One thing I’ve learned is that things are always changing, evolving. The kinds of jobs that my parents had WERE disappearing, but new industries sprang up in their place. I myself have a great confidence in the younger generation. I see a whole new mindset coming from the younger generation, I see a LOT less racism, homophobia, etc than when I was young. I think the latest generation may be described as the most enlightened generation. (There I go, defining your generation from my lofty perch)
My 2 cents
Steve thanks for the encouragement. It is interesting to note that my generation is stuck here because of the previous generations. People who though 10k down on a 100k loan was a good idea. People who have sent my friends to fight in Iraq and Afghanistan. These people think they can patronize us for all this ish?
Anyway it will only serve to weane our generation off of easy money and from being a little spoiled to be honest. Times are definitely tougher now. I think we can rise to the challenge but only time will tell.
NewWaveSlave, good luck with the 14 Trillion US debt. Let’s see how far we can pass this down to future generations…
It’s the “gift” that keeps on giving…
Every generation has it rough. Got my PhD ins 1981 when guys with doctorates really were driving taxicabs in Boston.. Bought first car in 1982. Was a $9000 Mustang, but financing at 20% interest rates I almost wound up paying $14K. Couldn’t afford first house for the same reason. Made up for it big time in the 90′s and early 2000′s Dow rocketed from 3K to 14K, companies were matching 6% on the 401K and bonuses were in the high five figures. Nevertheless it was a rough start, so keep yourself firmly affixed to the pity pot.., boomerangers, and don’t get beer stains on your Boomer parents expensive Persian carpets
An older generation X’s view on the whole NINJA phenomenon:
http://lifeinthesinglemomlane.blogspot.com/2011/03/attack-of-ninjas-no-income-no-job-no_09.html
our wallets will be filled with the blood of the generations before us. It is the only way we will survive.