Why Baby Boomers Don’t Get Millennials

Welcome to 2018 History Buffs. Like many of the viewers on this channel I, am a MILLENNIAL. And like many MILLENNIALS I’ve been told many times by those born in the 40s, and 50s that we’re ruining every industry, and swapping home ownership for avocado toast. However, the worst sin of all is that we can’t just pick up the newspaper, turn to the classifieds and get a decent job anymore due to our laziness. Today, I’m going to go into why your parents think this way, and why the world they grew up in is very different than ours when it comes to opportunity.

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33 replies
  1. baronvonmouthJustin
    baronvonmouthJustin says:

    Great video. You bring up some really good points. I wonder why politicians and world leaders don't try to emulate some of the success of the past policy but rather look to promote policy that increases wealth inequality . Some people might say we are living in the second "Gilded Age."

  2. Mr. Beat
    Mr. Beat says:

    Being an older millennial, man do I appreciate that you made this video. I agree that income inequality is an alarming trend that is not benefiting the modern economy. However, Keynesianism is alive and well. In the U.S., the Federal Reserve continues to provide historically low interest rates and promotes deficit spending to stimulate economic growth. Some economists argue this has caused quite the investment bubble, especially in the stock market. Those who benefit from this system are mostly the wealthy, who already have the assets to take big risks with. I don't have all the solutions, but I don't think it's fair to credit Keynesianism for all of that 1950s/60s prosperity.

  3. Ferdinand Offenbach
    Ferdinand Offenbach says:

    Well actually, the two oil crisis that ended the "trente glorieuses" weren't that much created because of the OPEP (It's a simplification made by the medias at this time ; also it's a bit ethnocentric -> "It's because of the arabs !"). It probably played a role,but it is much smaller than we usually think.

    In fact, the oil crisis was mainly generated because of the depreciation of the dollar after the end of the bretton-woods agreement. (The cost of oil being linked to the value of the dollar)

    Also, there is a particularity in the old world that is worth to notice : the effect of the "trente glorieuses" was stronger in europe, because it was generated by the fact that europe was reconstructing itself and trying to catch up with the USA. In the 70s, europe finally catch up, suddenly undermining the economical development ; meaning that the oil crisis also don't explain the entirety of the end of the trente glorieuses.

  4. lordrotarec
    lordrotarec says:

    You forgot to mention that the end of II WW marked the shift in global imperialist order – USA grabbed a lot of markets, resources and shipping lanes from the old European powers – they were not so golden in that period when compared to their power before I WW or even II WW.
    Also the constant threat of the Eastern Union meant that Western capitalists had to limit their exploitation of the working class somewhat – at least until ideas of Keynes ultimately failed to prevent the crisis of capitalism in the 70's.

  5. Kendra Lynora
    Kendra Lynora says:

    My baby boomer uncle who is a CPA, married to an RN, told my broke millennial ass that being "financially secure" is a manner of perspective. All I could think was, this man who has the money to buy a second home if he wanted to, is telling me, a person who lives paycheque to paycheque, that money is basically a point of view?! Boomers have so much privileged that can't see beyond themselves. That's why they don't understand us.

  6. Mark Small
    Mark Small says:

    I found a huge difference in the labour market between the mid 80s and the 90s. When I was in high school and university in the late 80s to mid 90s, it was VERY difficult to find a job. My friend who is 9 years older than me was among the last people in a labour market where anyone with a BA was guaranteed a good career. Even his high school jobs were easy pickings.

    The frustrating thing is that a lot of career counselling is based on career data for people who are 50+ now. There is still a faulty assumption in some circles that any university degree is a ticket to the good life. This has led to nearly two generations of people with massive debts and iffy job prospects in their 20s and 30s..

  7. Neuro Transmissions
    Neuro Transmissions says:

    Literally had a training today where the guy said, “Baby boomers get asked to do something and say, ‘Yes sir, right away.’ Millennial get asked and they say, ‘Why? Am I gonna get paid a bonus for this?’” I think that’s a pretty good example of the misunderstanding of the modern economy. Great video!

  8. Luka V
    Luka V says:

    did you just praise keynesian economics? Please don't do that. The whole west is in debt crisis because of that. It's just a ticking bomb waiting to explode again. Neolib is just messy up to down attempt to fix this.

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