Wednesday, January 6, 2010, 10:06AM ET - U.S. Markets close in 5 hours and 54 minutes.

Anya Kamenetz Generation Debt

Anya Kamenetz, Generation Debt

Happiness Is a Good Job

by Anya Kamenetz

Good (316 Ratings)
2.772152/5
Posted on Tuesday, January 15, 2008, 12:00AM

Gen Debt is notorious for its outsized job expectations. Many of us are looking for an extreme level of passion, fulfillment, creativity, social purpose, and customization from our jobs, along with friendly co-workers and a flexible working environment. And if we don't find what we need right away, we are often all too ready to move on.

The eager poster boy for this attitude is Sean Aiken, a 26-year-old Canadian who decided to tackle the job search in a novel way: He's spending a year working a different job every week, with the goal of finding a position that suits him perfectly.

When I caught up with Aiken in December, his resume looked like this: "Fashion buyer and then photographer in New York City, baker in Brooklyn, pizza maker in Cape Cod, winemaker in Washington State; this week I'll be working in a martial arts studio in Vancouver." This being the 2000s, he has a video blog, he's sponsored by a job Web site, he's staying with strangers using Couchsurfing, and he's even donating his salaries to charity.

Sean has clearly thought a lot about the way young adults look at their jobs, maybe because he has answered so many reporters' questions about the meaning of his mission.

"It's about not settling," he says. "Many people in my generation have higher expectations around the workforce. We're not looking for job security and a high-paying salary. Other things are more important in our decisions: job satisfaction, flexibility, the people you're working with. We're looking for more of a balanced lifestyle, where that line between careers and social lives blurs into one. It's a movement of saying, Hey, I want to be happy."

There are many people out there who think trying to be happy in your job is mostly a pipe dream. Some even seem to find the idea personally offensive. When I wrote about Aiken's mission on my own blog, one headhunter responded, "Part of the eventual downfall of our society will be these punks with this stupid, unfounded sense of entitlement and those who enable them."

Now, perhaps young people who hop from job to job are guilty of being a little flaky, and as a parent I probably wouldn't want to bankroll such explorations indefinitely. But I have trouble understanding exactly why someone would feel so negatively about someone else trying to be happy.

As a Brookings Institution survey of the college Class of 2003 found: "[Young people] place the highest value on making a difference in the work that they do and the chance to learn new skills and do challenging work. Salary ranks at the very bottom of a list of very important considerations as they make decisions about future careers." Does that sound like a terrible worker or a terrible person?

A Good Job Is Hard to Find

What really intrigues me about the trend of youthful idealism is the way it contrasts with young people's actual experience of the changing work world. Workers younger than 30 are the largest and fastest-growing uninsured group in the country -- two out of five recent college graduates go without health coverage.

Gen Debt is also far less likely to have pensions and consists of the least likely workers to belong to a union. The two-thirds of young workers without college degrees dominate the low-wage workforce, occupying half of all minimum-wage jobs and the majority of high-turnover, dead-end service-industry jobs such as barista, waitress, and clerk.

Young people with bachelor's degrees also increasingly spend time in nonstandard work: as unpaid interns, temps, freelancers, contract workers, academic adjuncts, "permatemps," and "permalancers."

The Center for Economic and Policy Research chronicled the declining "good job" in a report by economist John Schmitt, released in November. They defined a "good job" as one that paid at least $17 an hour in 2006 dollars, or $34,000 a year -- the median pay for men in 1979 -- and boasted both a pension and health insurance.

Schmitt found that the share of "good jobs" fell between 1979 and 2006, despite economic growth, mostly because of the decline in benefits. Moreover, "good jobs" declined more sharply in the most recent business cycle than in the previous two business cycles.

It's important to note that the independent workforce is growing quickly and doesn't just consist of young workers but of everyone from working mothers to high-tech specialists to older, semi-retired folks. So, not every independent worker necessarily has a "bad job."

The Bureau of Labor Statistics, in its reports on "alternative employment arrangements," distinguishes between independent contractors and temporary or contingent workers. The former actually earn more than full-time workers on average, while the latter earn less and tend to say that they would rather have a full-time job. The key difference is the ability to negotiate and set your own rates, which of course usually comes with valuable skills and experience.

Getting Real

In some ways, young workers like Sean Aiken are simply reacting to the changing work world by shifting their priorities. Permanent jobs with benefits are scarce, so you can learn to prize independence and flexibility. If the money's not so great, you seek intrinsic rewards.

Getting a graduate degree is another strategy to compete, but it means you must seek an increasingly specialized type of job. And with student loans piling up, the pressure to find the "perfect job" can be economic as well.

I believe it's a good thing that a new generation is bringing new values and attitudes to the workplace. But my view is that a lifetime of job-hopping won't do much to replace bad jobs with good ones. Young workers need to understand their true value in the marketplace and put employers on notice that shortchanging them is not acceptable.

I witnessed a great example of this during the first week of December 2007 in New York City. Viacom, a media industry behemoth that owns MTV, VH1, BET, Comedy Central, Nickelodeon, Logo, and other television networks, classifies reportedly up to half of its writers, animators, producers, editors, Web designers, and other creative talents as freelancers or contract workers. These people work full-time, often for years, alongside regular employees, but with lower salaries and benefits.

Fighting for Your Rights

Just in time for the holiday season, Viacom sharply cut benefits and pay even more for these workers, handing out the information alongside invites to the holiday party. But the permalancers, largely in their 20s and early 30s, didn't take kindly to the coal in their stockings. They walked off the job four days in a row. And they actually won some concessions -- Viacom promised to restore their 401(k)s and original health plan.

Sara Horowitz, the founder of the Freelancers Union, which represents 50,000 independent workers nationwide and is technically the fourth-largest union in New York State, called the Viacom walkout "the beginning of a social movement."

Independence, passion, and work-life balance are all well and good, but young workers shouldn't give up on the old-school rewards our parents looked for when they started out: a living wage, the ability to go to the doctor when you're sick, and some money to put some away for the future. We shouldn't just adjust to the changing workforce -- we should strive to transform it through our own commitment and excellence.

Rate This story

Good (316 Ratings)
3/5
Sign-in to rate!

130 Comments

Showing comments 1-5 of 130Next >>
Sort: last to first
  • Jeckle - Wednesday, January 16, 2008, 12:36AM ET  Report Abuse

    • Overall: 4/5

    Since Anya seems to be obsessed with age, mentioning it over and over again in every column, I'll say I was born in '64 which makes me a boomer, but I do like the spirit of this column which to me says that the worker, once again, is getting screwed over... and we should be revolt against this in whatever way we can, whether by being excellent, or by doing weird crap like that guy with all the jobs. The day you stop being idealistic is the day you've died.

  • research study - Wednesday, January 16, 2008, 6:04AM ET  Report Abuse

    • Overall: 4/5

    I am gen Y or Debt as referred in the article, and I thought this article asked some very interesting questions. I hope I see a social movement, young people are really being taken advantage of and just happy to have a job.

  • SandyLady - Wednesday, January 16, 2008, 7:06AM ET  Report Abuse

    • Overall: 2/5

    Yes, this economy sucks...and we have too many greedy, self serving politicians and their buds adding to the problems. However, you kids need to get REAL fast. IF you're lucky enough to find a decent job with a decent boss count yourself fortunate. You make YOURSELF happy. And you make THAT job what it can be...Be excellent. Be extraordinary. Be darn near impossible to replace. Be choosy about who you will work for, and the money will follow. And then you will have the perceived power to make that "difference". But you might have to rack up some experience in the dirt before that happens........

  • Chris - Wednesday, January 16, 2008, 7:20AM ET  Report Abuse

    • Overall: 2/5

    Life is full of choices. If you choose not to take a good job with good prospects because it doesn't meet all your self actualization needs, don't blame anyone but yourself when you're in your thirties and you realize you and your family can't have what you want in life. The choices you make when you're young are the foundation for what comes later in your career. I've seen too many people who use the justification for "not settling" for never achieving anything. You have the right to pursue happiness, not the right to happiness itself.

  • Borikwine - Wednesday, January 16, 2008, 8:04AM ET  Report Abuse

    • Overall: 2/5

    I would comment on the following note from the author "But I have trouble understanding exactly why someone would feel so negatively about someone else trying to be happy. " The trouble with this assertion is that some Gen Y could get easily confused between trying to be happy and being irresponsible. If our friend from Toronto decides to do job hopping for a year to have fun, great, but please do not try to convey other kids to this lifestyle as a job seeking experience, because clearly it is not. For a more clear view of what is excellence and passion in career jobs, have a look to a good movie "In Pursuit of Happiness".

Showing comments 1-5 of 130Next >>

More from Anya Kamenetz

Read the Generation Debt Book

According to economics professor Laurence J. Kotlikoff, Generation Debt offers "a truly gripping account of how young Americans are being ground down by low wages, high taxes, huge student loans, sky-high housing prices, not to mention the impending retirement of their baby boomer parents." Generation Debt will inspire you to take charge of your financial future.

Read more from Anya Kamenetz here and here.

More from Yahoo! Sources

  • CNN Money
  • Consumer Reports
  • Kiplinger
  • The Motley Fool
  • Business Week
  • Wall Street Journal

Sponsored Links

one reverse mortgage quicken
Get A Free Reverse Mortgage Guide That Answers All Your Questions.
OneReverseMortgage.com
Live Forex Practice Account
Practice Forex Trading in Real Market Conditions with a Free Trial.
www.GFTforex.com
Refinance Now at 4.2% Fixed
No hidden fees, 4.4% APR. No obligation. Get 4 free quotes. No SSN req.
MortgageRefinance.LendGo.com
Obama Urges Homeowners to Refinance
APR as low as 3.616%! Calculate New Mortgage Payment Now.
www.LowerMyBills.com/Refinance
Reverse Funnel Success
5 Years I Struggled. Now I'm a Top Producer. Learn How.
www.AllStarMarketingSystem.com
Obama Backs Insurance Regulation
Drive Less than 2 Hours a Day? You Could Get Auto Insurance Discounts.
Auto-Insurance-Experts.com

Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data and daily updates provided by Morningstar, Inc. Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.

Yahoo! Answers is provided for informational purposes only, and no Q&A is intended for trading or investing purposes. Yahoo! shall not be responsible or liable for the accuracy, usefulness or availability of any Q&A information, and shall not be responsible or liable for any trading or investment decisions based on such information. View Complete Answers Disclaimer.