Commonplace book: mental models, autonomy, a poem
Doug Belshaw has a thoughtful post about the financial/work advice often being given to young folks today: The financial guidance given to young people today comes from people who experienced an entirely different economic reality. Boomers hold fundamentally different mental models about how wealth accumulation works, learned in a completely different era. For example, my dad bought a house for 1x his annual salary in his twenties, whereas My first house cost me about 5x my annual salary. ... Wages are currently growing at an average of 0.1% annually rather than the 2.7% my parents' generation could expect. ... Traditional career advice, the kind that I received when I was younger, assumes linear progression. The world is no longer like that and this model longer exists. What some might call “job-hopping” is actually strategic career building in a market that's changed fundamentally. ... 39% of Gen Z are juggling a part-time or full-time job with freelance work. T...