"Ross, the Wall Street investor once dubbed the "king of bankruptcy", said younger generations have been "coddled" by growing up in a wealthy society, weakening the drive to work that underpinned previous generations and threatening long-term economic growth. "It used to be that the mantra for any young person was work hard and you can make progress and do better than your parents did," Ross said."
""It never occurred to anyone to not work, at least not anyone I knew. There's been a whole change in that." He argued that a combination of state benefits and parental prosperity had created a sense of entitlement. "I think all these [benefits] programmes, and also the relative prosperity of the current generation's parents, have created a feeling that they're entitled to a nice lifestyle, independently of whether they perform any kind of meaningful work," he said."
Claims assert that American men have lost their work ethic and increasingly feel entitled to a comfortable life without applying themselves. Younger generations are described as having been coddled by growing up in a wealthy society, which weakened the drive to work that underpinned previous generations and threatens long-term economic growth. A combination of state benefits and parental prosperity is said to have created entitlement among able-bodied people unwilling to seek employment. Overall prime-age participation recovered to 83.8 per cent after the pandemic, but male participation has declined structurally since the 1960s, especially among younger cohorts.
Read at Business Matters
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