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Isn't the entitlement on the part of the companies? You are not entitled to hard working staff. You make an offer: "give me 40 hours a week doing this thing and I'll give you x salary" and people can accept or reject. If people reject that's up to them. Unlucky, Mr Company.
And if you pay a low salary with very few benefits, you are not entitled to a loyal, hard working employee. In fact you get the employee who accepted your offer and it's on you to make sure they meet their contractual obligations. If they do, you are not entitled to 100% or their effort or any overtime, sacrifices or anything else not written in the contract.
The fact that millenials and gen z aren't as willing to stand and take this is a problem for the companies, not us. If you want better employees, treat them better. The days when you get undying loyalty for providing the bare minimum are gone.
And this is before we even look at, say, average salaries vs property prices for boomers vs millenials. Why aren't we working as hard? Well what difference does it really make anyway?