JoMiran comments on Tech stocks set to wipe out more than $1 trillion as concerns deepen about the AI boom

[–] JoMiran@lemmy.ml 160 points 1 week ago (17 children)

Gen-X, having lived through 1987 (Black Monday), ~2000 Dot-Com Bubble burst , 2008 global financial meltdown, and the 2020 COVID-19 crash:

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[–] 13igtyme@startrek.website 74 points 1 week ago (8 children)

Us older millennials as well. We just don't have the advantage of working in the booming 80s.

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[–] JoMiran@lemmy.ml 67 points 1 week ago* (last edited 1 week ago) (6 children)

Neither did the vast majority of Gen-X. The cocaine 80's is peak Boomer shit.

EDIT: I was born in 73. Started uni in 90. Let's say you wanted to ride that mid 80's wave, you should have been in the workforce by 84, that puts you born ~63. By the majority of lists, Gen-X starts on 65.

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[–] xtr0n@sh.itjust.works 16 points 1 week ago* (last edited 1 week ago) (4 children)

Yeah. I went to school with rich kids who were suddenly worried about whether daddy could pay for college after that 1987 crash.

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[–] JoMiran@lemmy.ml 9 points 1 week ago (1 child)

Yeah, 1988-1996 was pretty bad. It was my computer hobby that saved my life. No idea where I'd be today had I not turned my side hustle into a career.

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[–] xtr0n@sh.itjust.works 3 points 1 week ago

I guess I was “lucky” in that I was too poor to be directly impacted my the market back then. But I was young, energetic and at my peak looks-wise, so I can’t shit on that era too much.

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[–] adarza@lemmy.ca 6 points 1 week ago (1 child)

dad bailed on us for good that winter. left mom and us kids with nothing. he spent several years globe-trotting with his flavor-of-the-month mistress.

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[–] xtr0n@sh.itjust.works 4 points 1 week ago

I’m sorry that you had to experience that. I hope you all eventally survived and thrived.

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[–] 13igtyme@startrek.website 3 points 1 week ago*

Many kids had part time jobs in highschool. Plus that still directly impacted kids graduating into a good vs bad economy. Younger Gen x, sure. But it still benefits older and mid Gen x.

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[–] shalafi@lemmy.world 1 point 1 week ago

Most of us were coming of age in the 80s and working at a grocery store if at all.

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[–] FinishingDutch@lemmy.world 20 points 1 week ago (1 child)

As a 44-year old who lived through all of those once-in-a-lifetime events (you also forgot 9/11) just once in my life, I’d like a boring decade where nothing happens.

Between the wars, politics, global terror, economic upheaval and the general state of things… I’m really fucking tired boss.

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[–] PalmTreeIsBestTree@lemmy.world 6 points 1 week ago

We will never live in peace. It’s just greed and war all the way down.

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