I’m getting old now, as I recently completed my sixth decade here on Earth. So it’s kind-of natural for me to look back on the days of my youth and count the ways in which they were better than today. But then again, perhaps there really were some things about the suburban world of the 1960’s and 1970’s that were better. A lot of young people of today — the “Millennials” — are pretty upset about their declining social and economic possibilities. Some of them even look back with envy and irony on the world that I knew when I was their age, perhaps questioning the fairness of why their parents’ generation (the “Boomers”) had such abundant opportunities for a good, comfortable life as compared with the challenges that they now face.
In fact, the Millennials have created an Internet fictional character called “Old Economy Steve“, to stand as a “meme” (something like a mythological sound bite) for their frustrations. Old Economy Steve is a series of short messages posted on a series of identical pictures showing a long-haired white guy who definitely looks like a refuge from That Seventies Show. To be honest, I didn’t look all that different from Steve back then. And to be more honest, most of what they say about O.E. Steve’s world is more-or-less true. Back then, you COULD get a job with good pay right out of high school and be fairly sure that if you kept your nose to the grindstone, you would soon have enough to get married, buy a house, and raise a family. If you wanted to shoot a little higher, you COULD go to college and pay for books and tuition from what you earned on a summer job (I did just that!). And a college degree just about guaranteed a very decent job (that is, until the year that I graduated). No moving back in with mom and dad, not back in those days.
As with every ‘meme’, reality doesn’t completely fit with the story behind it. As Megan McArdle points out, if you weren’t a white male, » continue reading …