re: When "Normal" is no longer normal...

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while getting paid barely half as much

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That's not even close to true for engineering. I graduated in 89 and the middle of the bell curve was looking for $30k as a first job. Depending on which inflation calculator you use that's about $75k today. I think my first mortgage was 7.5%.

I'm not saying that some things aren't more difficult, I have children in their 20s. Economies aren't static and somebody's inevitably going to hit the bad spots when they're starting out, but exaggerating their woes doesn't accomplish anything.