The Millennial Generation are those North Americans who were born between 1984 and 2000. They were always told how special they were, but they were rarely raised or educated in ways that would give them the skills — and develop their talents — so that they actually would be competent and special.
A sense of entitlement is not the only stereotype attached to millennials in the workplace.
“Entitled, lazy, narcissistic and addicted to social media,” according to CNBC. “They Don’t Need Trophies but They Want Reinforcement,” Forbes wrote. “Many millennials want to make the world a better place … ___ https://www.nytimes.com/2016/03/20/fashion/millennials-mic-workplace.html
Millennials wish to “have an impact” on the world and “make it a better place.” How do they intend to do this? They are not sure, but they feel strongly that whatever they do it will be the right thing, if they lead with their hearts.
Across American society, different sectors of the economy are struggling to discover how to best deal with the millennials who seem to be sprouting up like dandelions. Job supervisors may be flummoxed in dealing with these young sprouts. But then, so are advertisers.
Millennials are not as interested in drills, machine shop workbenches, gardening, and any number of do-it-yourself items as their boomer parents.
… I question the general thesis that millennials have money to spend.
In fact, millennials have delayed marriage, home buying, and household formation precisely because they do not have money to spend.
Far too many millennials are mired in student debt and living with their parents out of necessity. Others feel an obligation to take care of aging parents.
Factor in dramatically different lifestyle preferences with greater importance on mobility rather than ownership, and it should be clear the setup is extremely deflationary, especially with anemic wage growth that does not keep up with inflation. __ https://mishtalk.com/2017/10/10/advertisers-dilemma-figuring-out-how-to-target-millennials-now-the-largest-demographic/#more-48525
Mired in debt, living with their parents, postponing marriage and family indefinitely — it should be clear that the economic impact of these generally unskilled, undisciplined, often deeply indoctrinated young folks will be deflationary, despite their relatively large numbers. Another clue to the deflationary impact of millennials is their looming college loan debts, high dropout rates, high rates of obtaining “worthless degrees” after wallowing through 6 years of undergraduate classes, and low rates of training in the vital, highly skilled jobs which are crucial to developing and maintaining critical infrastructures.
Millennials are more racially and ethnically diverse than the other adult generations, and a greater share of Millennial households are headed by minorities, who tend to have higher poverty rates. Millennial heads of households are also more likely to be unmarried, which is associated with higher poverty. __ 5 Facts about Millennials
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