Based on your comment I assume that you have the means of supporting your "More to life than work" lifestyle? That you're not on the government dole or living in your parent's basement? If my assumptions are correct, then I commend you and I'm envious of your ability to strike a balance.

I don't believe for one second though that the reason Gen Y suffers from a high jobless rate is because they share the same values you do. I believe they're lazy, spoiled and entitled. I have several cousins who are between 16 and 18 and have no jobs, nor have they ever. And it's not because there's no jobs to be had, it's because they don't want to work as a grocery story stock person or a cashier. Those jobs are below their upper middle class upbringing.

And because of Facebook, they don't need jobs. They can hang out with their friends all day online for free. Their parents provide them with food, shelter and clothing - so what more could they ask for? I don't believe this is sustainable though. Our society works because people produce things. We've seen what happens when we trend towards a service based economy rather than a manufacturing based economy. What happens when we transition to a sit on our ass and surf the internet economy?