Wednesday, March 21, 2018

Luck of the Silent Generation

In Dubai, an entire "Irish Village" was imported from the Emerald Isle. Within the walls that seclude Irish Village from a drab light industrial district, there are restaurants, a garden, and several gift shops. The world over, have you ever noticed that Irish pubs tend to look the same? According to The Grapevine, the Irish Pub Company has "designed more than 2,000 pubs and shipped them to 53 countries around the world". Now onto another type of luck: the year you were born.

A person born in 1911:
- Great Depression severely impacted early career.
- Drafted into the Army during their prime earning and family-building years, versus younger veterans of WWII.

A person born in 1930:
- Was under the working age during Great Depression
- Still in school during WWII
- If from the city, would likely graduate high school
- Was aged 20 - 23 during Korean War.
- Entered workforce during time of economic prosperity
- Those who entered white-collar work were at leading edge of shift towards an "information economy", lawyers and bankers to name two beneficiaries.
- Those in blue-collar work retained job security throughout their careers, and often union benefits.
- Thanks to Social Security, employer-paid benefits, and likely to strong age-discrimination laws- became first generation to retire with wealth (Strauss-Howe).
If you were a woman or racial minority, you had career and social opportunities post- WWII that your parents did not have.

-This Silent Generation has not produced a US President. Recently, we've had two presidents born in 1924 and three presidents born in 1946.

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