The jobs are bad and people get blamed for it. We've been through a credit bubble where everything was borrowed out of debt, in the hope that it would deliver massive-scale automation in the future.

But reality is that everyone has been rushing out brittle solutions, creating a brittle, fragile architecture... And now people entering the job market have to spend so much time fixing the mess that they can't make progress. Worse, they take the blame for the slow progress and they have no say over foundations. We are asked to do impossible things given the current foundations and so every job becomes about politics; how to foist the impossible/infeasible tasks onto someone else so that they will take the blame. Because it's all political, the people who can actually create value and thus aren't good at politics get wiped out of the market; then all that remains in every company are political operators.

The value creators are forced either to become political or to keep hopping between companies... Who make good use of them... for a short time until they burn out and hop on to the next company. Nobody acknowledges the value they contribute during their brief tenures; in spite of the fact that they're the only ones adding value. Only the political operator can rise through the ranks; getting credit for managing the constant churn of burnt-out value creators.

Worse, as the political operators get into positions of power; who do they help? People who are like them; also political operators who don't know how to add value.

Surprisingly bonafide slogan:

  What you can't insure against* you do not share

*Our Dear Thought Leader would prefer the substitution "profit from", but I'd wager that He's equally correct!

Also, I should add that the job-hopping is likely a feature of our inflationary monetary system; as inflation is ongoing, people find that if they change jobs after 1 or 2 years, they can get some non-trivial salary increase... In reality, changing jobs every 2 years doesn't actually give you a real salary increase; it merely allows you to maintain your buying power in the face of inflation...

The elite class is basically using the monetary system to constantly squeeze value creators by forcing them to job-hop frequently as it demoralizes them, lowers their self-esteem and thus helps to keep their salary expectations down. The manager class also contributes to the demoralization aspect of value creators by imposing unnecessary constraints on value creators.

The reason we have population collapse in the west is because value creators are systematically demoralized. It's literally the enslavement of value creators by value extractors.

I think this is why coding is increasingly seen as a low-class skill nowadays... If you possess any productive skill, it signals that you're part of the lower 'value creator' class.

There is even a belief that if you have to create value for a living, then it means that you're just not smart enough to figure out how to make other people work for you... Completely ignoring the reality that it's all about social networking; literally all about your position in the social graph and distance to money printers.