This is a legit issue. And I am glad that you mentioned it.
It is starting to become incredibly difficult for millennials/ genz graduates to begin their careers for the reason you just explained. Even harder if they are black.
I truly hope this doesn't lead to the emergence to Some sort of trump like politician that strokes the flames of white supremacy, and explains the broke, joblessness, of white folks on immigrants.
I have noticed that white folk are being pushed out of the GTA, and moving into remote areas, not going to college, and being ravaged by opioid addiction. If they can't afford to buy a home, or even get a decent job I wonder how it's going to pan out
Of course this is all speculation on my part. Don't have data to back it up just my personal observations