Yes, this was a good 30 years in the making, so anyone still in a career will feel it. Even some younger boomers would feel the after effects of tbis, especially those who didn't get to own a house.
Gen Z is simply unique as the "full immersion" generation. It's uniquely hard to ignore the youth unemployment for kids who are spending more than ever to be educated, or being hard locked out of minimum wage jobs our parents would scare us with because they lack a bachelor's degree.
I certainly don't envy young people entering the job market rn. But China's youth unemployment rate is far higher than America's. To come away from this thinking American capitalism is bad and "communism" (which doesn't really exist anymore on a large scale) would be better would be pretty misguided.
