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Posts tagged ‘Joel Kotkin’

A Response to Generation Screwed

A fascinating article was recently penned by Joel Kotkin for the Daily Beast the other day, called Generation Screwed. You can read it here:

http://www.thedailybeast.com/newsweek/2012/07/15/are-millennials-the-screwed-generation.html

His take is backed by sound numbers and good analysis. Those numbers and analyses suggest that the game is rigged against the Millennial generation by the Baby Boomers and Generation X. But not out of hubris or malice, but out of fear and stupidity.

The previous generations have taken what they could from what was offered without fear of the well running dry. Now, the well is running dry. Boomers aren’t retiring as early not, because all of a sudden, the money isn’t there to move to Boca Raton. And considering the palpable desperation frothing from the masses of 18-29 year olds looking for gainful employment, companies that are looking to hire new workers are low-balling Millennials

The Millennial reputation, oftentimes well earned, is that we are whiners, and who strut about with undeserved sense of accomplishment. Working with Millennials in a professional environment can be extraordinarily frustrating.

Millennials

In Ron Alsop’s The Trophy Kids Grow Up, he discusses the unusual precedents that our generation sets up for the workplace. We don’t like dressing up for work, and we don’t like our personalities infringed upon or stultified. We want flexible schedules, steady pay-raises, and a clear path up the corporate ladder. This rubs many in the business world the wrong way, and this is perhaps why many major companies are uncomfortable hiring us. But it’s a feeling they steadily have to get comfortable with. We are unavoidable, considering there are 90 million of us swarming the work force in segments, year after year.

There need to be new and clever ideas if we are to have it anywhere near as good as the previous generations have. There is a serious debate going on in Washington DC, and indeed, all over the world, on how to ensure that the wealth of nations does not dissipate taking care of generations who have grown used to spending without paying much back. We need to impose responsibility on those in power, and take that power away from those who refuse to be responsible.

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