trying to think about what it would mean for Mark to think of himself as a Millennial spokesman... and perhaps to contrast this with what I take to be our current policy (at least implicitly) — of Mark as a Baby Boomer construct of how a well-behaved Millennial is supposed to act. (View Highlight)
One theme we've discussed is that many important institutions in our society (eg education, healthcare, housing, efforts to combat climate change) are still run primarily by boomers in ways that transfer a lot of value from younger generations to boomers themselves. Our macro prediction for the next decade is that we expect this dynamic to shift very rapidly as more millennials + gen Zers can now vote and as the boomer generation starts to shrink. (View Highlight)
Or given that so many people graduate college today burdened with crazy amounts of debt, perhaps we should have a larger program for hiring people who didn't go to college to help show that that's a reasonable path as well. (View Highlight)
And, from the perspective of a broken generational compact, there seems to be a pretty straightforward answer to me, namely, that when one has too much student debt or if housing is too unaffordable, then one will have negative capital for a long time and/or find it very hard to start accumulating capital in the form of real estate; and if one has no stake in the capitalist system, then one may well turn against it. (View Highlight)
When the handover finally happens in the 2020s, it will therefore happen more suddenly and perhaps more dramatically than people expect or than such generational transitions have happened in the past. (View Highlight)
We have a team working on an ambitious long term project on loneliness/isolation which, again, has the potential to hold particular appeal to the Millennial sentiments set out in the paper. The latest plans will be presented to Mark next week. (View Highlight)