I had to ask my wife about this. She's a recruiter in tech and has seen it all. A very short synopsis of her answer is as follows. The guys in tech bio Etc coming out of Ivy League schools are doing great. Even if not ivy league but the better schools in the country working for the Amazon Google's, the name brand companies or even decent startups are earning good money. There is a barrier to homeownership even for those people. Additionally they have become accustomed to huge pay because their starting point was at the point where Tech was taking off and everybody was doing anything to get Talent. Don't forget, a lot of that Talent is foreign.
Then there's the whole group of people with a regular college degree. The people who were set back by the two thousand eight and nine recession. Those people found themselves hitting 30 as the economy came on and Technology took off. That tied with their upbringing lead them to reject the multitude of jobs that became available working in warehouses or service-sector jobs. They felt they were more valuable than what was being offered them. It has been surmised in a New York Times article that this group of people was hit by the opioid epidemic. There were a lot of disenfranchised people with no hope for the future.
The Millennials with all their faults are possibly being catered to or the perception of what they are overblown by business and maybe exacerbating the problems. Forget not the hippies of the 60s. Think what their parents born in the 30s and 40s to a depressed and very conservative Society thought of their children and their freewheelin sexual liberation and drugs
There is the chance that technology is causing social interaction issues with many people. I have seen published addiction to technological devices rates as high as 10% of the country.
