The other day I was reading a commentary about a book entitled Strapped by Tamara Draut. Ms. Draut is the Director of the Economic Opportunity Program at Demos, which is a public policy center in New York City. In her book she talks about the difficulty that young people have in getting started today, and gives suggestions about how the government can help – for example banning credit card companies from promoting on college campuses. Now I will admit that I have only read the posted excerpt of the introductory chapter, and most of my thoughts are based on the commentary I read. But then, when has that ever stopped a blogger from posting his or her thoughts? In my defense, though, I have tried to do some research to get a better idea of the topic as it is covered and the feelings of the sides involved.
One thing that I noticed in looking at the excerpt and the commentary is the different background of the two writers. Draut is a liberally-educated director of a liberal think-tank in New York. The commentary I read was by a man called Michael Masterson (an admitted pseudonym), who is a millionaire businessman. Obviously these two are not going to see eye-to-eye. I consider myself to be a relatively moderate conservative, former teacher, and entrepreneur with some experience in a number of areas (which in some circles would make me an expert on multiple subjects). So with this out of the way, let’s begin.
Strapped presents the idea that the world has gotten so hard for the 20- and 30-somethings that by-and-large they cannot succeed in life. They are weighed down with debt and can’t find jobs that will get them out of the situation. The working world has gotten to the point that a college degree is now the entry level education, but those degrees are now so expensive that many young people cannot afford them without going seriously into debt. This debt then makes it impossible to get ahead because the wages paid are not enough to allow them to get out from under their debts and live a normal life at the same time. Along with the aforementioned ban on credit card promotions, she also advocates more government grants for education and a more equal pay scale.
I could not help but feel for the individuals presented in the intro of Strapped, but I also couldn’t help but wonder about the stories that were not told. How well do these stories represent the plight – or condition – of the great mass of 20- and 30-somethings who are discussed in the book? I know people in that age group who are struggling, and others who are quite successful. I also know Baby Boomers who are on the verge of disaster. So were these people chosen because they represented the majority, or because they were visceral and tear-provoking? I suppose only the author would know for sure.
On the other hand, the commentator only gave as an example his own experience of developing a successful above-ground pool installation business with two friends from college. He describes in his piece how they busted their tails to develop a business that was eventually brought each an average of $300 a day, allowing them to pay off college debts and be able to move forward – all in a matter of about 10 weeks. However, having written two books,
Automatic Wealth and
Automatic Wealth for Grads, both successful sellers, he must have some idea of what he is talking about.
I think one thing that bothers me most about Draut’s book is her insistence that it’s “not my fault.” In the intro she complains “Far too often, social critics place the blame squarely on our shoulders, maligning everything from our work ethic to our spending habits.” But what do you call it when (as mentioned in other reviews) some young people are insisting on having the iPod, the X-Box, and a host of other cash-heavy and future-poor items? As Jim Rohn, one of the leaders of the self- and business-improvement industry says, we get paid for the benefits we bring to our employer. No benefits, no pay.
What I see in this book is part of what has gotten us to the situation that Draut complains about – an attitude of entitlement. The feeling among too many young people that they don’t have to earn what they have, they should just be given it. It takes its form in the child who “has” to have the newest iPod or iPhone, the student who doesn’t understand why the teacher insists on seeing effort in exchange for a passing grade, the young person who wants good pay just for showing up to work, or the author who insists that the government should solve the problems of expensive college costs and debt. All of which really ignore – or in Draut’s case argue against – the idea of personal responsibility. It’s the politics of victimology – “It’s all their fault.”
I’ll end here for now, although I could probably go on…and I will on another day.