With inflation, todays generation makes less than our parents did at our age. The touted reason is that young people today aren't as interested in making money. That isn't true; we just aren't paid as much. We do just as much work, if not more.
There is a second trend. Evidently, the average American family also sends a thousand dollars to the wealthiest 10% of the world each year. So while the bottom 90% of the world is getting poorer, the top 10% is getting richer. It stands to reason that something is wrong with this situation. And it isn't the result of a greater desire for work life balance.
So while companies continue to cut jobs because of demand, or because they can, and wages remain stagnant, and we keep sending thousands of dollars from the poor to the rich. And we will keep doing so until something changes about our great system of capitalization and at-will employment.