Why so many quitters? And who’s paying for DoorDashed dinners and the exorbitant rent for all these un- and underemployed? Government handouts are dwindling, so, you guessed it, now it’s mom and dad—enabling parents. They can afford it: As of March, baby boomers were sitting on a whopping $71 trillion to spoil their kids with. Did you know that half of U.S. households currently support an adult child? Maybe that’s why so many young folks use hyphenated names, paying tribute to both enabling parents.
The U.K. has this problem too. Brits refer to kids leeching off their parents as “failed fledglings.” In Japan it is “parasite singles.” And for those who fear a takeover by China, you’ll be pleased to hear that it is dealing with the tang ping or “lying flat” movement, a group with no motivation. The movement is quickly turning into bai lan or “let it rot,” best summarized by the slogan, “Someone has to be a loser, why not me?”
Back home, many younger folks who do actually work seem to require a “purpose” for their careers—something sustainable and equitable or whatever else. They need everything to be upcycled, organic, ethical, fair-trade, minimalist, inclusive and cruelty-free. That means they won’t work for companies such as “carbon spewing” Exxon or “nicotine peddling” Philip Morris. But even companies like Facebook are a no-go. Remember, they helped elect Donald Trump. Same with Twitter. Amazon? Environmental disaster. Google? Works with the Defense Department. Apple? Joe Rogan once used an iPhone. We all know an expensively educated corporate guy turned yoga instructor turned ESG advocate. Is this progress?