I'm weirdly into generational theory. It started in my previous job, when a very smart colleague recomended I read The Fourth Turning. It's only gotten worse - I'll read anything about Millennials and Boomers (and the poor, put-upon Gen Xers) and I've been known to theorize once or twice about how the age groups impact our culture.
So I was pretty excited to read "The Go-Nowhere Generation" in Sunday's New York Times. I was up early and a friend living in Asia had tweeted it out. I certainly learned a thing or two about where my generation is moving, or isn't.
And I 100% disagreed with the analysis.
First, of all, as I explained to my friend on Twitter:
So the article a) discounts all of our gen's entrepreneurship and b) doesn't suggest our parents may have a role? No vacuums.
That's a 140-character truncated version of me trying to grok how a published author and a Cambridge student can ignore two key themes that have led Gen Y to be, as they say "literally going nowhere."
1. Entrepreneurship
In a 2011 study from the Young Entrepreneurs Council
- 23% of young people started a business as a result of underemployment, and;
- 15% started a business in college.
So, Buchholzes, maybe let's not say they're less risk-averse. The YEC data talks about what this entrepreneurship looks like, but let's not assume that all young people will "hang on to lousy jobs longer."
2. Culture
Here's the thing you learn when you read a lot of generational theory. Generations are shaped from inside and out. Millennials are shaped not only by 9/11 and tech, but by the ways we've interacted with our older siblings and with our parents. This is not to say it's about fault, rather the tools a group is equipped with to face the problems the world presents.
- So is the problem that Millennials are risk-averse? Perhaps we should examine the culture their boomer, former Yuppie parents created. Failure was simply not an option!
- Oh, so we don't get driver's licenses? Isn't that a positive indicator that all the lessons we sat through about the hole in the ozone layer sunk in? A driver's license is only a valuable commodity in a place where there's no other way to get around.
- Is the issue that Millennials won't deign to accept jobs drilling oil in North Dakota? Maybe we should ask the self-fulfilled Boomers and Xers who told us never to accept less than our full potential and our true passions, whether or not they did the same for themselves.
- Or is the concern the same as my boomer dad's - that he and his cohort have made our rooms "too comfortable" so we never want to leave? Well, what do you expect from parents who invented all kinds of securitization options on mortgages so the dream of a McMansion could be widespread?
Again, I'm not placing blame on the baby boomers. I'm just wondering how an article can claim Facebook is more impactful on a life than a driver's license without asking who pays the cable bill and why.
The more I stewed on the article, the more I also noticed one final, glaring omission. The word "debt" never appears once in the Buchholz' piece. To say that my generation is hamstrung by student debt is an understatement. No generation before us has so deeply internalized the calls that we should be educated and literally paid the price. The Ohio youth who wouldn't take the bus to North Dakota? Maybe his problem wasn't fear, maybe instead paying $200 on top of his crushing monthly payments was out of his reach.
I don't always feel the need to jump to my generation's defense. We've been called selfish, spoiled, and worse. But just because we may not be rushing around like our parents, don't assume we're not going anywhere. We might be close to home, creating new opportunities and figuring out ways to build up and improve on the hand we've been dealt with the tools we've been given.