Do you believe the tech industry represents the majority of millenials? Millenials who, keep in mind, are in their 40s, likely with kids?
The tech industry isn't the majority of the economy.
In 1980, the US median income was $21,020. Median home price was $47,200. Just over two year's salary would buy a home. Average cost of a 4-year degree for a student living on campus was about $9,500.
In 2020, the US median income was $67,521. Median home price was $375,000. So now we're up to 7 years of work. Average cost of a 4-year degree at an in-state university is up to $101K for a student that lives on campus. Off-campus, closer to $40K. And many colleges are more expensive.
You can wave around the high-earning tech jobs, but those are the vast minority of the employment landscape. The same jobs do not have the same earning power they used to. Hell, when I was making minimum wage back in the 90's, I could buy a car, go to the movies, buy clothes, etc. My daughter needed help buying a car, can barely afford to keep gas in it, and constantly has to make choices between going to the theater or getting fast food.
And yet, we have senior leaders who can't recognize work-life balance, that working from home can be productive, or hell, even set up their own printers and monitors.
OK...how many CEOs, VPs, or chairman positions are held by anyone under the age of 60? Damned few.
I think we're in agreement about some of the causes of college tuition spiraling, but the fact remains that this entire generation was told, by boomers, all through their primary and high school education that they needed to go to college, all while the policies set by the same boomers placed college financially out of reach for them. Regardless of the reason, that is still a major issue facing younger generations.
The millenials are the first generation to fare worse than their parents in terms of income growth, wealth accumulation, and quality of life.