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No, this isn't a new trend. The end of job security started in the 80s. Millennials are just the first generation to have no doubts otherwise.

Maybe 90's and 80's, but if it was truly cyclical, one'd have to notice the same with Boomers, who retired in the company they interned

It's actually not significantly different, AFAICT. History is a series of infinite loops.

I'm sorry, this is complete pedantry, but I can't help myself:

I think that you mean history is an infinite series of loops. I don't know how you'd get to the second in a series of infinite loops.

No, I actually do mean it's a series of infinite loops. The universe is a fucked-up place, man.

Though, in truth, it's more like a bunch of infinite loops wired in parallel rather than in series, with occasional connections causing one loop to melt into another.

Everything that's new is old already.