“For millennials and for some members of Gen Z, they’ve witnessed two recessions, back-to-back. This is a very different labor market experience than what their parents and grandparents encountered.”

I don't for a moment deny that kids entering the workforce today are entering an environment that's challenging in many ways, but this particular claim is inaccurate. Let's take a look at the list of US recessions.

https://en.wikipedia.org/wiki/List_of_recessions_in_the_Unit...

We're not in a recession now (though that could change very soon). The most recent recessions are 2020 (COVID) and 2007-2009. Just over ten years in between. Turns out that's the longest recession-free interval in the nation's history. Back to back, my ass. I graduated from high school just before the 1981-82 recession, but I was fully in the workforce for the next four - every six to ten years. By the author's reasoning, that would mean I had it far harder than today's kids.

Recessions are not the problem. (They're a problem, but not relevant to OP.) The problem is wage inequality, and stagnation of wages for the lower echelons even during good times. Today's kids are not facing economic uncertainty because of a few events, but because of a continual downward slide in the value of low-end wages vs. low-end expenses over decades.