Marilyn,
Good point, but these are VERY young people and never lived through some of the things we have, such as the winter of discontent over there and WIN (Whip Inflation Now) over here and the various recessions.
When I graduated university in the latter quarter of the 1970's I could not even get a job as a filing clerk, for the whopping sum of $115 a week.
I think a lot of this generation, are, according to one of my WW members who is a dean at a university, the progeny of what I guess they now call, "helicopter parents," parent who hover over their kids (and yes, I have heard of parents wanting to be at their child's job interview).
I feel bad for an entire generation, that grew up in times of more or less plenty and economic growth, because they aren't really prepared for what's happening.
We at my company are also very fortunate, because the executive management are all, shall we say, "mature." They are very good business people and have high expectations, but they also have a sense of stewardship and obligation to take care of the people that work for them. That has meant not over hiring and making sure we never had too much staff.
But who knows what the future will bring. I work in a commercial insurance company, so our business is tied to the general business state.
Some of our sectors are really suffering because the businesses we insure are disappearing.
You are so right Ian. We were born not long after WW2, so still in the difficult times. We are used to cost cutting and have done so all our lives(apart from the present time of great vacations, though we still cut back) I'm even thinking that generation will struggle with cost cutting measures, not having moneu to go clubbing, drinking etc. Those living on their own will be returning to the parental homes in droves I think.
There was a programme last autumn, before the economy got as bad as it is, but after the credit crunch began, where they went to a boom town in Wales and looking at how new housing estates were not being built because of the econome, etc, and chatting particularly to a teenage girl. She had to shop every weekend, and have designer gear, including the 'right' trainers(sneakers). She couldn't possible go to school in the wrong label trainers. All her life she has had what she wants, like the majority of that generation really. She was already feeling very depressed about the future even then. Like you I feel so sorry for them as the reality sinks in.
Last night a report was saying how we are eating in more and entertaining at home instead of eating out. This means restaurants are closing. These same people want more entertainment at home, so satellite tv etc is growing.
Of course John and our son Andrew have a business and have to be aware of the future. At the moment, though things are a little slower, all is going well, and the staff are all ok. Who knows in a year or so?

Who would have thought this time last year that things would be like this?
