Tag Archives: middle class

Reviews

Book Review: Can’t Even: How Millennials Became the Burnout Generation by Anne Helen Petersen

My review for the Washington Independent Review of Books

Why the kids aren’t alright.

Put down your avocado toast and close that Zillow page — the latest salvo in the intergenerational war between boomers and millennials is here, and you don’t want to miss it. In Can’t Even, media scholar (and millennial) Anne Helen Petersen offers an insightful treatise on the “burnout generation” that is a far cry from the essentialist portrayals of both generations that dominate the current discourse.

Rather than dissect who is to blame for the plight (and it is a plight, histrionics aside) of millennials, Petersen offers a moving discourse on why the kids are not alright and, even more importantly, why they are not, despite how they’ve been characterized, the spoiled, lazy, feckless generation.

“Okay, boomer, sit down and read” is an apropos prescription for this book.

In 2019, Petersen published a Buzzfeed article titled “How Millennials Became the Burnout Generation,” which drew millions of readers. Wry title aside, Can’t Even, an expansion of that earlier piece, is well researched and sobering in its findings. The book examines a variety of areas of millennial lives, including work, education, social-media culture, relationships, and parenthood, zeroing in on issues like student debt, workplace burnout, and millennials’ astronomical levels of anxiety and hopelessness.

The section on millennials’ childhood is especially engrossing. Petersen uses the concept of “concerted cultivation” to explain how the parenting style of the previous generation sowed the seeds of the thorny relationship between millennials and work. Dispelling the popular trope of millennials refusing “to adult,” the book illustrates the very opposite: that millennials have been adulting since they were kids:

“The child’s schedule takes precedence over parents’; the child’s well-being and future capacity for success is paramount; baby food should be homemade; toddler play should be enriching; private tutors should be enlisted if necessary…Every part of the child’s life should be optimized to better prepare them for their entry into the working world.”

And, of course, the first step toward that world is education. Here, too, Petersen is masterful in foreshadowing the inevitable burnout. She describes millennials as the “first generation to fully conceptualize themselves as walking college resumes.” Because — you guessed it — getting into college (let alone paying for it) isn’t as easy for them as it was for boomers.

Getting a job isn’t as easy, either. Can’t Even offers an excellent analysis of how millennials graduated into the “worst job market in 80 years,” one with an excessive list of demands:

“To be valued, you need plans, lengthy resumes, ease and confidence interacting with authority figures, and innate understanding of how the job ladder works. You need connections and a willingness to multitask, and an eagerness to overschedule.”

Not to mention that being groomed to find a job one is “passionate” about created a toxic mentality disconnected from the realities of the working world. Fracturing the cliché that millennials heedlessly hop from one job to another, Petersen shows how it was boomers who instilled the “one’s work is one’s identity” mantra into their children. With that conflation came the predictable — and incredible — stress millennials feel about their careers.

One thing missing in Can’t Even is a broad discussion of how class factors into the boomer/millennial dynamic; the author only briefly suggests that concerted cultivation is, in part, a reflection of class anxiety. That is, while only wealthy boomers may have been able to afford things like private tutors, less-affluent boomers could at least sacrifice all their time and limited resources in the name of their child’s future success.

Speaking of time, Can’t Even presents a thoughtful commentary on free time. Connecting it to the groan-inducing “unstructured free time” term from child psychology, Petersen’s conversations with adult millennials are moving and unsettling. These people can’t even have fun: “Any down time began to feel like I was being lazy and unproductive, which in turn made me question my self worth,” one subject shares. So much for the popular image of the carefree, brunchin’ millennial.

The moments when Can’t Even grapples with the burnout that has now become the hallmark of the millennial generation are insightful and leave the reader hungry for more. I, for one, would’ve been happier with fewer statistics and more of those first-person testimonials. Nevertheless, like a good millennial, Petersen has done her homework.

Can’t Even is a must-read both for millennials and the generation that made them. In the immortal words of Tupac, “I was given this world; I didn’t make it.” This book illustrates exactly that: that millennials are living in a world that’s a far cry from the one they were groomed to inhabit. And all that hard work they were taught would lead to a better life has led, instead, to nothing but a need to work even harder.

Reporting

Inequality For All: Robert Reich’s Powerful Message: Not “Trickle Down,” But “Middle Up”

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My Article For Voice Of Russia

The documentary Inequality For All, directed by Jacob Kornbluth, features Robert Reich, former Secretary Of Labor under Bill Clinton, author of Aftershock: The Next Economy and America’s Future, in an impassioned exposé on why the chasm between the rich and the poor has much further reaching implications than a mere income gap.

In and of itself, Reich points out, inequality can be viewed as an inherent part of an incentive-driven capitalist system, but Inequality For All asks when inequality becomes a problem. This question takes on particular urgency when we consider that of all the developed nations, the United States has the greatest degree of wealth disparity. Much like The Corporation, Inequality For All is broad in its scope, and clearly shows the interconnectedness of a number of seemingly disparate phenomena. Filmed in the style of other policy lecture documentaries, Inequality For All uses Reich’s Wealth And Poverty class at UC Berkeley as the platform for some rather hair-raising revelations (a lot of them new even to those very familiar with the Occupy movement’s platform), yet the tone of the film remains optimistic about disrupting this status quo.
Just how consolidated is wealth at the top, you might ask? Put simply, 400 people in the top income bracket earn the same amount as 150 million in the lower tiers. Reich homes in on a recent study by Pikkety and Saez that analyzed tax data dating back to 1913, when the income tax was first instituted. The study finds that 1928 and 2007 were the peak years of income concentration at the top, creating a graph that resembles a suspension bridge. Both years were followed by calamitous market crashes — a parallel that Reich thinks is not random at all. As income got more concentrated at the top, the rich turned to the financial sector for investment, creating a speculative bubble. And as middle class income was stagnating, that in turn created a debt bubble, conditions that inevitably precipitated economic crises.
The crux of Reich’s argument is that what makes an economy stable is a strong middle class. And while his assertion that consumer spending makes up 70% of economic activity is contestable, there can be no denying that the middle class plays an integral role in the economy. The rich alone are not spending enough to generate the requisite level of economic activity. Inequality For All features venture capitalist/1%-er Nick Hanauer who debunks the myth of the rich as “job creators” in favor of a feedback loop theory that Reich also espouses (he calls it the virtuous cycle). If there is one sound bite to emerge from the film, it is that Reich supports “middle up” rather than “trickle down” economics. If the middle class is not doing well enough to create healthy consumer spending levels, then the economy as a whole will suffer—in other words, as the film rightly notes, one doesn’t have to be a bleeding heart liberal to understand that this is not merely a social justice issue. Reich argues that even from a cynical and self-serving perspective, the top 1% should have an interest in how well the middle class is doing as they drive spending in a rather significant way.
Was there an idyllic time that was different from the current abysmal state of affairs? Reich points to the years between 1947 and 1977 as the golden age of great prosperity and very low inequality. What were we doing right then? Public higher education spending was much more of a priority and the proportion of people who were able to receive a college degree without being saddled with mountains of debt was much higher than today. With decimated federal funding for higher education nowadays, little is trickling down to the states, he argues, causing unparalleled spikes in tuition costs. Unions were also very strong, ensuring that worker wages remained robust. With the decline of unions, Reich argues, wages and rights have suffered a crushing blow. Not only have wages remained stagnant, but upward mobility is also equally imperiled. 42% of children born in poverty will never leave poverty behind. No other developed nation, Reich argues, even the UK with its vestiges of a monarchic system, has less social mobility than that.
Inequality For All covers a number of other plucked-from-the-headlines issues thoroughly as well, such as the shockingly low tax rate most of the rich actually pay, and how the tax code has increasingly evolved to the benefit of the haves. It also talks about the impact globalization has had on worker wages and the fact that which countries’ workers add the most value determines what country reaps the benefits. A prime example is that even though iPods are assembled in China, it only earns 3.6% of the value of an iPod, with Germany and Japan taking much more significant portions because the parts come from there.
The ultimate upshot of inequality is that its deleterious effects ripple outward, profoundly disrupting a healthy economic cycle. Reich calls equal opportunity the “the moral foundation stone on which this country and our democracy are built,” and that is not mere exaggeration or partisan-minded alarmism. When money starts to infect politics, as it has done now with lobbyists and PACs, it undermines democracy and paves the way to plutocracy. Inequality For All offers plenty to get outraged over, but Reich remains measured in his rhetoric. Instead of portraying inequality as an “us versus them” zero-sum game, he explains that is in our interest and in our power in to disrupt the status quo by demanding change.