"And the asset poor disenfranchised younger generation. "
You forgot work shy, over-expecting, inexperienced, unable to work in teams, egotistical and irresponsible (compared to Gen X).
Young people wont work for low wages voluntarily, and business cant afford to pay people on overtime to stay alive when the employee is as useless as t*ts on a bull as the owner still has to be there to manage the shop.
Sorry guys, playtimes over. We dont need any more arts graduates.
We have a surplus of university graduates who are clueless and whose only aim is to enter the bureaucracy to take their place alongside their fellow parasites in Kevins Army.
The big themes of the next 20 years are
Outsourcing Wage competition Transport costs falling making it even harder to compete with asia end of entitlements.
Its an ugly picture and the sooner the Gen Ys face up to cold reality the better. We cant afford another term of Labor.
