Others have mentioned the importance of education. I think that's definitely needed, and I think it addresses a concern Kutcher had in his speech. I'd like to see a civics class introduced, that includes in it's curriculum a focus on current job market trends, as well as an introduction to financial planning. The issue is, what we're talking about is a generational thing that spans more than just across the country. In that way, I think having education curricula controlled by the provinces is inadequate. The Federal Government should have a seat at the table on important matters like this. That speaks to something Les mentioned about the various levels of government and what spheres of our lives they can influence.
Mike Rowe is bang on with his efforts to emphasize the importance of for example, heavy diesel mechanics, and other skilled trades. There's lots of jobs available in Canada for someone with a skilled trade, and I don't think educators and counselors are doing a satisfactory job in explaining things like earning potential and opportunity costs. I know a good number of people who went to university only to end up working in retail, with huge student loan debts. The educational infrastructure needs updates as badly as our physical infrastructure.
The second part, about financial planning, I think is very important. I didn't learn a thing about this until I was nearing the end of my university education. I think I'm ahead of the curve for my generation, because I took an active role in teaching myself before I graduated. I think the entitlement aspect of the generation Y could for the most part be dealt with by giving students better information. But I think it needs attention before post-secondary education.
I think there needs to be a healthy mix of personal involvement, as well as social security. We end up leaning more on the latter I think because for a long time the focus on education doesn't really consider long term planning that students should be aware of before they reach the job market. That security should be there when someone needs it, that's part of what makes developed countries a developed country, but we can be more efficient I think by introducing more planning. We don't need a planned economy, because I think that's far more control than the government should have, but we do need people to have developed some skills and knowledge that will help them plan for themselves. Defined benefit pensions are a thing of the past, and I don't think they're likely to come back. That means I have to take more control of my long-term planning, and I have. It's necessary.
And one last pet peeve, I absolutely hate hearing people in my age group say things like 'I feel ..." as opposed to 'I think ...'; it drives me nuts.