I agree. It's bad personal business.
Again, though, we have a generation of folks (2010 grads and beyond) who have known nothing but a bull market that rains money and opportunity. It's like being on a heater at the blackjack table for 10 hands in a row and never having lived through a couple of bad beats and losing decks. When it comes, attitudes and mindsets will shift, both from employers and employees.
Our economy is a dynamic one with ebbs and flows and puts and takes and puts and pulls-- to think we were just going to grow forever because TINA or Financial Manifest Destiny is silly and for the younger folks unless they take heed from their seniors, parents, elders, mentors whomever, they have to live through bear markets and recessions before they get their arms around what the American economy, jobs, etc. is really about. In my opinion.
And it's going to get really bad for the younger generation as we head into the recession. There are like three well written articles out the past two weeks alone about how Generation Z's or Alphas whatever they are called, are already over their skis in the boom times! The Buy Now Pay Later companies like Affirm, Afterpay, Klarna, etc.
"few of the services do significant credit checks, which would help determine whether people will be able to repay the loans. And plenty of people are spending more than they can afford: 43% of Gen Z users have missed at least one payment, according to a survey by the polling site Piplsay. Of Gen Z consumers who used a point-of-sale loan for something they needed, 30% missed at least two payments, according to a survey by Credit Karma."
Attitude adjustments are coming.