Gen Y vs Z

[@user-weasfwefgva]

I'm a guy from South Korea which is experincing most dramatically plunging birthrate in the world(as a millennial also I am contributing for that disaster too). It is really nice to learn about implications of all that population changing.

[@prometheusjackson8787]

South Korea isn't even 1 child per woman anymore.

[@RT-me3wn]

@@prometheusjackson8787 They never had a 1 child policy.

[@prometheusjackson8787]

@@RT-me3wn I never said that

[@crouchingstone]

Just like netherland's golden age only lasted around 70 years. I think Korean golden age 1980's~2017 will finish soon.

[@soyboy1803]

I'm in the same situation here in italy, after finding out about peter i lay in bed at night thinking about how to move to the us as quickly as possible

[@jake_from_state7143]

I’m gen z, and your 100% right about us, I recently got into aerospace industry because I wanted a job where I didn’t want to have to interact with to many people.

[@Migwelp]

More people, more problems. I've noticed that we tend towards maximizing efficiency and being self-sustaining. That includes removing other people, discomfort, etc. I can only imagine this has to do with having all of history at our fingertips, maybe. Risk aversion.

[@bryanbeatty226]

Would love to see Peter add two factors to this analysis: 1) Immigration. Seems that literally everyone in the world is striving to move to North America and Northern Europe. Some subset of these people have excellent work ethic and/or skills and can fill the gaps in our labor forces (my local BMW repair shop recently hired a mechanic from Jamaica! ) 2) Robotics. There is no one that the US can replicate the mass workforce (or brute force) manufacturing that China can do. Robotics can fill that gap (way back in the day Steve Jobs tried to create an almost totally automated factory to build his NEXT computers. That didn't work but we've made a lot of advances since then).

[@markpukey8]

You've hit on two of his favorite topics Bryan. If you hunt up almost any of his longer pieces online you'll find him agreeing with you on both points. In detail. The vast majority of immigrants are self-selected for being the kind of self-motivated hard workers most employers love to hire. If they weren't, they have just stayed home. How their kids turn out is another issue, but by and large, those kids are as American as anyone else born here. And from a demographic point of view, those immigrants are what is saving America. It's not us having more kids, it's us accepting more immigrants. And when he talks about "the most rapid industrialization in American history", he's absolutely seeing it the same way you are. We're going to make a whole lot of stuff, but we're not going to vastly increase the number of employed people. Modern American factories are extremely automated.

[@TokyoTaisu]

"Some". The US and Europe are completely different when it comes to absorbing immigrants. It sounds like you are clueless about the destabilizing social effects of immigration on European countries. Countries like Germany figured this out the hard way, and want/need to de-source to places with cheap but skilled technical labor like Russia, but the US is actively blocking that. Robotics agree.

[@markpukey8]

@@TokyoTaisu The evidence says that Germany just handled it badly. As does most of Europe and in fact, most other nations. The fact that the US has repeatedly accepted waves of immigrants (Irish, German, Asian, Mexican, etc) and managed to absorb them and turn them into "Americans" just like ourselves is the proof that there are other, arguably better ways to handle immigration. Canada is also very welcoming towards immigrants and has not exploded as a result. America has not become destabilized from those waves of immigrants. We've become better, stronger and more diverse. So sure, Germany and everyone else can do whatever they want. But denying immigration or failing to absorb the good parts of those immigrant societies is only hurting them in the long run.

[@SvenGehlen]

@@markpukey8 The evidence shows that gen z of indigenous Europeans is the most politically radicalized generation in 100 years. Although transcends generation, almost all of gen z are tankies, neo nazis and accelerationists.

[@SvenGehlen]

As history shows, migration plus economic austerity leads to r*ce war.

[@WinstonCodesOn]

Hey boomer, as a Millennial my opinion on why so many of us are "lazy" is because the younger Millennials saw the elder ones like me get slaughtered in the job market during the recession and got nihilistic. Why jump through all those hoops if it doesn't get you anywhere? We are also cognizant of the asymmetry in compensation these days. Boomer executives paid tens of millions of dollars while Millennial workers are paid barely enough to cover the cost of living and there is very little opportunity for advancement on the corporate ladder. Add to that the lies that the boomers told us about college that if you do XYZ by working late and showing your "leadership skills" that your boss will recognize your efforts and you'll "get to be the CEO in 3 years" 🤣. Our parents also made us think that if we all didn't go to college and undertake tremendous debt for our liberal arts degrees that our lives will be failures and we will be impoverished. Then we find out that college is nearly worthless when you're looking for a job. What the universities are selling is completely out of touch with the needs of the workforce. Jobs involving manual labor are frowned upon by Boomers, which probably stems from the technology changes in manufacturing in the 80s, but this mindset of aversion to trade jobs continues to affect Zoomers. Boomers also don't seem to understand how much has changed since they were young. They think writing a letter to a company will get you a job interview. lol. They don't see how badly the 2008 recession impacted younger people. They also don't see how in general that the skills requirements needed to do a job are a lot more intense than it was in the 60s but there is no way to get the training or experience to overcome that hurdle. I'm an elder Millennial and my elementary school teachers all told my class about how global warming, the world running out of oil, and social security bankrupt will be problems we have to deal with as adults but they won't have to because they'll be dead by the time that happens. As a 10 year old I remember thinking gee thanks teacher, why aren't you doing something about this? The Zoomers just see a broken world ahead of them, political leaders acting like children, and they just don't know what to do or where to apply themselves. They are also exposed to trauma like worrying active shooters while going to school, which I didn't have to go through. The American dream is dead for that group because even though we live in a time of the most prosperity and technology in the history of humanity, they just don't see how they could participate and what there is to achieve. It's kind of dystopian. (I know Peter is a Gen X, was just kidding at the top of my post.)

[@nickolasbrown5928]

1000x this. It's all there. I might add in that millennials were also told the world was overpopulated and there won't be enough resources (horseshit) and given the dire financial straits most of them face due to myriad issues, they're sure as shit to not have enough children to make a difference. Of my 7 closest friends, only 1 plans on having kids.

[@EasyEight3674]

Hmmm...sounds familiar. As a GenX-er we have always been over shadowed by the Boomer class who were the "free love" do your own thing hippies and disco-ers of the 60's and 70's who turned into the hyper consumer capitalists of the 1980s (epitomized by movies like Wall St.). So as a genX latch key kid (yes "Stranger Things" kids were a real thing) who grew up having to be flexible and independent, yet were still told college was a good path -- we started to enter the workforce right into the post-Cold War recession. Oh, you studied to be an Aerospace Engineer? Sorry kid, we won the Cold War and just gutted the aerospace and defense sector -- jobs that ain't never coming back. Oh -- and the Savings & Loan industry implosion followed by the Gulf War global economic shock. Say, wanna put your degree to use as a Truck Driver?? So yeah, your experience feels familiar. Oh, same thing with the environmental disaster stuff. As a kid, not only did we have the specter of nuclear war, but we were the test bed generation for eco-Apocalypse. As kids were were told Over Population was gonna get us, then Silent Spring as DDT killed all the birds and led to global disaster, then Man-made Global Cooling and the New Ice Age (yet is was a thing), then Acid Rain will kill us all. My whole life there's been a litany of unending, evershifting environmental doom spread by pretty much teh same people. Sounds like we could swap "war" stories over a beer!

[@WinstonCodesOn]

@@EasyEight3674 lol the Boomers were full of enough bad ideas and destructive policy for both of our generations. For the group of people most proud of being so numerous (cuz every boomer has to brag that there's so many many of them) that they can dominate the political landscape and bring it on, they certainly did. Now they can marvel at the wreck America has become under their influence. We can't even have a choice who's not a senile boomer president! Gen Z is just watching society burn and they don't want to drink the Kool Aid.

[@BardChords]

​@@WinstonCodesOn Great comment, 8/9 stars. The zoomers I know suffered from a lack of skepticism towards their parents. After coronavirus, they no longer have this problem. I've watched my boss raise his kids (they were both born around the collapse in 2008), and it is so unbelievably impossible it's hard to express. Everything is working against you, services all cost 10X more than they did in 1960, at 1/10 the quality. For these kids- the food is poison, no school I know of in the tri-state area put a sane covid policy together, and you are required to use technology that is designed to weaken your attention span, confidence and will. The companies that make the products that the schools buy (Chromebooks, etcetera) fund internal studies that show their technology drives child suicide rates up, and they do nothing to act on that. I think we're going to get a religious revival quite soon, not counting the dominant secular culture which has many obvious religious elements, I mean an honest-to-goodness christapalooza. And/Or a systemic collapse that has no precedent in the history of mankind. I do think that in some ways, zoomers seem to be interfacing much more directly with reality than I and my cohort were at their age.

[@joshinfwtx4506]

@@EasyEight3674 another Xer here in agreement with you and Winston

[@marcussaul8496]

Peter, We've clearly all been bad girls and boys this year to have received a Krampus message for Christmas - I note the lack of a lump of coal in our Christmas socks; must be because of the 'transition through shale'. Excellent stuff. Keep up the good work and have a wonderful 2022. BTW you fooled me with the festive blazer. I had sat down next to an open log fire. Cup of mulled wine and a mince pie in hand ready to hear an economic tale of merriment and joy which is now delayed till 2045.

[@AllanSitte]

Thank you Peter. I enjoy these informative video bites and hope you can continue this kind of content going forward. Suggestion: I think you could make much great content based on relevant current events. In such content, a short description of the latest situation and how that fits into the bigger world picture as you see it. Basically - be your own talking head on matters that are not getting prime media coverage. I know that such content could be a premium commodity, but I suspect that a regular dose of such information could grow your subscription base and view stats if done well and on a consistent basis. Of course, the rest of us can continue to benefit from the insights you and your team provide. Thank you and your team for all the great information that has been generously provided to us so far. Geopolitical analysis is something that I feel is greatly lacking in the primary media space these days. It is dramatically refreshing for me to see the fact based perspectives you bring to all of us. Happy holidays and be well and be safe!

[@genxer74]

I just love how everyone skips right over Gen X. No one gives a @$%^ about us.

[@charlescoon577]

@genxer74 I as a millennial do care about the actions of Generation X. I am faced with an environment where I will be working for Generation X bosses, the amount that the Baby Boomers suck out of government pensions and healthcare that is greater than what Generation X pays into those systems will be paid in one way or another by Millennials, and Generation X will be making the administrative rules that I must follow while trying to do anything. Please, pretty please, be gentle and generous with us Millennials.

[@stephenparallox]

As a Gen-Xer, I always felt like a bit of a bastard child as far as generational appreciation, and have learned to live with it.

[@AleRees]

Excellent video! Does your model account for the difficulty younger generations have to raise families due i.e. to major costs to own or rent a house and stagnation of salaries? Seems most young people can't afford raising children unlike their grandparents.

[@buddermonger2000]

Well in the coming decades the stagnation is going to stop and wages are going to inflate dramatically as much of that stagnation was from globalization and the huge population that was the boomers which is ending. Lots of costs will likely go down due to energy availability of the USA as well. On top of that, it's known that the US has it probably more expensive than most of these other places which have much more government intervention to depress those costs. However, the US still had their kids while the rest of the world did not. Frankly the idea that it's the cost of living which depresses the birth rate doesn't stand up to scrutiny unless it's REALLY hard times which occur such as famines or things like locking down your entire population.

[@zakgraham1283]

Peter, you want a pillow to go with these blanket statements?

[@SignalCorps1]

Yes, he did not spend five days discusses each and every microcosm of US society. Welcome to demographics. Peter’s general assessment of the US generations is 100% correct.

[@politicallyunreliable4985]

As a gen-X'er, I resemble these remarks. And remember, we made places like Seattle/Portland what they are today. Please don't come for us as 3am!

[@ryankuypers1819]

Fellow gen-X'er here and I concur. My question is what are we claiming: the amazing growth over previous decades or CHAZ/CHOP? Or is the latter the Boomers fault? Both of those politically liberal cities haven't made the most sound decisions in recent years.

[@genxer74]

@@ryankuypers1819 boomers are the worst gen and have created this political/societal hell we've been living in.

[@cuzv]

Informative...and somehow borderline hilarious. Thanks as always.

[@TTUfirebird2008]

The Harry Potter & Hunger Games comparison is pretty dang effective at showing the difference in Millennials & Zoomers.

[@xman7695]

Something I see in my generation gen z is that because of that downhill mentality and some other stuff, less of us are willing to even have children. They are expensive, they are time consuming and they will probably grow up in a world of struggle of whatever kind. Also more girls aren't than before (at least what I hear around me) aren't interested in kids in the lightest and prefer to work and earn money. Whatever the reason I feel it's going to get a lot harder in Germany with us as next generation

[@genxer74]

my daughter, 16, is adamant she will not have any children. I think she will, but to your point it will not be a large family that's for sure. She plans on becoming a doctor, so yes, she will hunt for what she hopes to be an outsized share of lunch.

[@jesuscamou602]

Your comments on the Millennials, gave me chills, the millennials are so diverse in many ways and their cooperation between each other has sooooo much potential.

[@garymoore3231]

Would like to hear analysis of immigration effect on this, and the dropping level of commitment to traditional marriage on this scenario.

[@smb2265]

Peter made another great call on Nat Gas Producers in the US. When other countries start fighting over resources and China and Russia flex, US companies will do well exporting this. Looks like we are shipping massive amounts to Europe right now due to these spats with Russia.

[@buddermonger2000]

Incredibly hard to ship natural gas. Unlikely to really ship. Probably stay in US markets.

[@obambaman]

I'm mostly interested in birthrates more-so than what the individual generations provide, I mean behaviour can be changed, but children are much more difficult to "facilitate". So I guess my biggest worry is that people just won't want children because, they are a hassle and this is something that i feel is generally how most people think about having children. Lets just build artificial incubation centers with artificial wombs and a whole system for raising children im sure there are no moral dilemmas to consider or potential problems that could arise.

[@genxer74]

the matrix cometh...

[@SonnyBubba]

That’s been true ever since Americans moved off the farms. The difference between America and Europe is that the Americans moved into small towns for a couple generations before going to the cities, and a lot are in the suburbs. So there’s room to have kids, unlike in Europe.

[@hallaisback]

Has anyone has managed to implement successful policy changes to slow down or reverse demographic decline?

[@ssm59]

True to be sure but remember te boomers are a skewed demographic with its mode at the 59-60 birth year. Those people got totally screwed in the inflationary malaise from 78-84. They lost 6 years but still recovered.

[@generalfuzzywuzzy]

Please add New Zealand to the map you have in the background.

[@chorgzent.3978]

dope af video bro no cap 🔥 💯

[@Jadido7]

So I am a GenX with a Zoomer mentality

[@paultreviska9417]

Hi Peter, great insights. I work in the gulf (Dubai) and all around us every country has bred their populations in the last 50 years to huge proportions. There is also India that appears to have an abundant work force - a great deal of it here. Is this just a blip on the graph or do they have any chance to accomplish something before Oil drops to $8 a barrel.

[@ericrogers5802]

I wonder if rich European countries will mitigate their demographic headwinds by absorbing Ukrainian refugees.

[@HondoTrailside]

The idea that Millennials will have a replacement level of kids... Where does that come from?

[@grisza77]

geesh.. I'm a late Xer who has "wasted" enough time to start a meaningful career together with early millennials, working in the nerdy IT environment, quite good with pple and not expecting much from the government. I don't fit. It might be that that would not be a problem soon though, as I live in Poland and we have a war going on right behind the border.

[@genxer74]

well obviously his statements are over arching generalizations. there are ALWAYS plentiful exceptions and nuances. Humans are so awesomely diverse creatures. But as a GenXer, I will say that I do not like MY results depending on others performance.

[@austinbecton5341]

Peter! You should connect with Tom Lee at Fundstrat. He's a former chief at JP Morgan and he's big into demographics. You guys could have an interesting collab.

[@GaBoyzzz]

Awesome video

[@dgetzin]

Good analysis overall. Few people even have an eye on this ball.

[@Premium_ZoomerTrader]

Great video Peter

[@agrxdrowflow958]

Meanwhile, Gen X is carrying America on it's back.

[@genxer74]

Amen! And we need to kick the boomers out of management and leadership so we can right this ship. I just hope it hasn't taken on too much water already.

[@roblake602]

Would the availability of a successful treatment of aging be a game changer?

[@CMVBrielman]

Wait for the Millennials to have kids? We’re in our 30s-40s. Even those of us that waited until our mid 30s, we’ve already started. I say, cut 10 years off your estimate.

[@ryankuypers1819]

Clearly you are an older Millennial because your birth block is from 1981 to 1996 which makes less than 10% of you even 40. The median age for a Millennial is 32/33 which makes you the current "birthers" since Gen X (median age 48/49) is too old and only the older Gen Zs (median age 16/17) are starting to have kids, but are still generally too young. Like it or not, you get to hold that torch for awhile.

[@CMVBrielman]

@@ryankuypers1819 So, the median Millennial is in their 30s, which does not contradict what I said. The average woman has her first kid at 29. So, it is reasonable to say a lot of Millenials have 3-4 year old children.

[@ryankuypers1819]

@@CMVBrielman Yes, that is reasonable. I read your comment as you pushing back on Peter that the Millennials need to fulfill their role as the primary baby makers. I realize you've started having them, but your generation (mid and late) will continue to be the dominant group having them for 5+ years until the Zoomers reach an acceptable median age to take over. Essentially members of your generation, on average with current societal norms, are in their prime birthing years so his comment stands versus your assessment that he cut 10 years off his estimate. Happy New Year!

[@tommyt1785]

That's a fantastic christmas blazer

[@ClubERAVE]

These sorts of broad generalizations about generations aren't particularly helpful. Anytime you generalize...you're wrong (about something). Zoomers are extremely collaborative. Clearly you're not on Discord with them, watching them build companies on Roblox, in crypto, etc. The economic conditions have forced many to become extremely entrepreneurial. And these teams do have management, but it's more collaborative and less top-down.

[@TokyoTaisu]

Yes good point. Collaborative more like anarchistic. Think stonks wsb movements.

[@ryankuypers1819]

Broad generalizations are difficult and generally can't be assessed until generations have reached adulthood. The average Zoomer is 16/17 so the jury should still be out on them, however, the older generations are fair game regardless if someone gets triggered by the fact their experience doesn't reflect their cohort.

[@shorewall]

@@ryankuypers1819 Yeah, I think Zoomers are still too young. I think Pete is splitting the Millennials into two, because I think his Zoomer description fits many in my age group, including myself.

[@debkheiry5846]

Fascinating stuff. I often try to extrapolate this global information to the smaller community scale that the average American understands…. Example, when you consider the fight going on about abortion rights and the numbers of abortions relative to certain demographics, you can see why it becomes much more important when you consider it from the global standpoint and the need to replace generations of people. At this current rate, we have groups of people that are literally becoming smaller and smaller based on the lack of replacement by each generation and this too will shape our society in a few decades. I’m an avid ProChoice female, but I have to admit that I could create a conspiracy in my mind about why the fight for choice is really a fight for the replacement of generations so that we don’t end up like China through default.

[@S.J.L]

As long as the baby consents, what's the issue?

[@be4unvme]

I'm pro choice too but the pro choice movement is an embarrassment. Moral standard of the people keep hitting all time low.

[@MrMabbott44]

Big fan of Peter’s! IMO, there is an area where he’s under estimating supply: older workers. For a host of reasons, many good and healthy for societies, think you’ll see more and more people happily chose to stay in the workforce past traditional retirement age.

[@danielkroc4481]

In the US we have an eager older workforce. Many people do not want to sit around and work as a hobby and not because they need the money. Those generations were bred to work - it is in their DNA. I see the same drive in North East Asia (China, Korea, Japan and even Vietnam) and in many of the western countries. But in some countries older people are not willing or able to participate. Some of these countries transformed so rapidly that older people are just not sophisticated enough. When I was living in Korea I was shocked that many workers that still wanted to work (and work hard) were excluded from the workplace because of age. Korea is an age priority culture and you can't have a 55 year old man being managed by a 30 year old. And the 55 year old doesn't have any management skills. Also, many older people in the world are not consumption driven and are happy to retire to the country side and live on a meager pension and savings. In fact, if you list the countries that have an 'eager' workforce - the list is pretty short. Globalization passed over these countries because the people are simply not driven. And when China opened wide in 1999, they pretty much sucked up everything as they had a super hard working and compliant workforce. Before that it was Japan, Korea, Taiwan, etc. China is somewhat over and now Vietnam, et al are sucking up everything.

[@TokyoTaisu]

Yes Mark this is common in Japan. However, this creates the negative side effects of prolonged old boys club, risk aversion and lack of speed. Demotivating younger generations who are already wage surpressed.

[@GotGracexxxxx]

I skeptically expect older workers to stay in the workforce due to lack of savings and economic insecurity.

[@chuckferguson9193]

As a boomer that just turned 65 I can tell you that retirement for many boomers is just a dream. I expect to have to work until my health runs out. My 401Ks got hammered and took an 8-year holiday due to the 2008 recession. Now what savings I have lost 6-7% of their value this year thanks to inflation. I am losing ground fast. Many of my peers are in the same boat. All the millenials and Gen-Xer's need to learn how to use the AED machines at work so you will know what to do when one of us old boomers has a heart attack at work. I predict it is going to become increasingly common. It used to be quite common. My grandpappy died at work. I expect to do the same.

[@dr.ohhimark174]

Older people stay past retirement so younger never get hired and/or promoted, because there is no room. Great!

[@JoeMisseri]

Ugh ohhh.... the jacket is back!🎅

[@Closeprobate]

Thought-provoking, as always. Thank you! Now to a trickier subset: the dependent adults (homeless, incarcerated and other institutionalized persons). It’s a very high number in U.S. How does a society, morally and ethically, address a large portion of persons who appear incapable of caring for themselves without them causing harm to others? (If they are incapable of being productive members of a society?)

[@johnpombrio]

Search for hikikomori for the Japanese. I have a 30-year-old semi-autistic son that fits this lifestyle to a T. Not just in the US.

[@markpukey8]

@@johnpombrio Than you for that reference. I had not heard the work hikikomori before. Make for some interesting reading.

[@buddermonger2000]

@@markpukey8 Another one is known as NEET. But yeah Japan has that as a problem.

[@IvyANguyen]

Interesting seeing your points but what about now the impact of COVID on the Millennial gen who were already delaying kids due to low incomes?

[@buddermonger2000]

Everyone claims low income but the people who have the most kids have the lowest incomes on average. In fact, it's the highest incomes with the lowest Level of children. Combine that with living in apartments instead of houses and you have low birth rates. In real terms the only way bad economics depress birth rates are when they're so bad you have things like famines.

[@TJ-vh2ps]

Was that “thump” at the end a mic drop? 😬

[@Stupid9808]

How are the Philippine's doing? I am moving there when I retire in 15 years.

[@ninadkashyap7573]

Super Catholic, super baby machine

[@redcoltken]

0-14 years: 32.42% (male 18,060,976/female 17,331,781) 15-24 years: 19.16% (male 10,680,325/female 10,243,047) 25-54 years: 37.37% (male 20,777,741/female 20,027,153) 55-64 years: 6.18% (male 3,116,485/female 3,633,301) 65 years and over: 4.86% (male 2,155,840/female 3,154,166) (2020 est.)

[@ryankuypers1819]

@@redcoltken Healthy demographic chart, however, the disparity of male to female (1.2M~ under 24 years) may pose issues down the road. Young single men always create a challenge for societies unless a major war diminishes their numbers. See China.

[@bobaloo2012]

I've known a couple of people who did that, both were back within a year...I hope you've lived there for a period of time before making the move.

[@oumarbah3998]

I see a lot of bashing of millennials in the comments. But their people skills as Peter stated , their emotional intelligence will be a plus in the times to come. You can't build large scale industrial corporations without knowing how to collaborate. Those amongst millennials who have learned to compete will have an advantage when Boomers and Gen X retire.

[@williamverhagen5210]

The remarks about z are a little painfully accurate, even in my personal case it's more to due to trauma then social upbringing but I suspect that might be more common among zoomers then they themselves realise

[@mirlatte4017]

I think its strange to attribute certain personality traits to a generational cohort....

[@j.walker6845]

So what is the upshot for the international cases that are ‘terminal?’

[@noahcasey369]

Damn zoomers are sigma af

[@evboto.5597]

sigma grind moment 😎😎😎

[@genxer74]

gen x are og sigma bro

[@VincitOmniaVeritas7]

I’m late Gen X, my cohort will never be the biggest block. After the boomers made cost of living / inflation skyrocket, the Millennials will probably vote to tax what little money I could save to pay for their student debt and social programs. We worked as hard, if not harder, than the previous generation, but we won’t reap the benefits of that work during retirement. Most of my coworkers believe they will never be able to fully retire, not even at age 70 or later. Gen X are screwed either way. At least we won’t be permanent renters like the poor Zoomers.

[@Dizarama]

I’m a millennial. I’ve been working since I was 14.

[@tokbucks]

A coding job requires every coder needs to work in a team.

[@wildboy747]

Peter looks so happy every time that I don't think he's married :P

[@ethanjensen7967]

I'm a zoomer. I was going to be a software developer, but decided to begin the process of becoming a professor

[@olivercroft6529]

Peter, what do you think the next generation, Gen Alpha, will be like? I'd watch a video about that.

[@davidwilliamswealth]

Germany, China, Japan: will this lack of workers force robotics (think elder care too) and 3-D printing of real estate? If so, will that leave the US behind in these areas?

[@NightmareForge]

3d printed houses are a marketing scam. Still have to have the worksite pre prepped which still means blue collar crew to come out remove rubbish/flora/fauna and level the soil and heck even lay the foundation. Then once you have the 3d 'walls' which the cost of that is often underplayed in the marketing for it you still have to have the regular trade groups come in and lay the electrical, plumbing, HVAC, natural gas pipes, fixtures, interior siding, install doors, install windows, paint/wallpaper/varnish, flooring, insulation, and any other detail. Cargo container housing is equally 'overplayed' in this manner. Basically, the square footage ends up costing near the same or even more when you correctly tally it out rather than what the shiny promotional works for them actually show. If you want more than a composite wall. Now, automation on an industrial level is rising but this doesn't leave the US behind. Automation for fabric is rising rapidly you now need a nothing workforce to sew up a giant horde of fabric from cotton/raw material straight up to finished product. Same with wiring. Did this equal great for those countries? Well no. Automation is still an electric guzzler when it comes to spooled copper wire for instance or automation in general and the US is generally cheaper on electric where as Germany and Japan struggle on power sources right now. And the clothing companies moved to where the cotton was. Many are popping right up in the US Carolinas to be near to a cotton source with a stable cheap power grid and where they can still get the educated engineers to run the entire plant. And with the decreasing population of Japan, SK, or Germany they will have less and less citizens to sell to. Meaning they will absolutely have to export their goods but a big myth is that most of the world can absorb these goods. Poor countries don't have the money, many wealthy countries will also be decreasing in population Italy, Spain, Canada, and more and will be looking to unload their excess goods. Only a handful of markets are remaining wealthy and population stable and many of those don't have super large populations. Germany can't exclusively sell to Sweden, nor are there enough Swedens. So the US will be the juiciest market, with the best power grid, competitive workforce, and where you really want to sell to. Which, btw, is why both Germany and Japan are opening factories in the US. The most American made car by percentage of US sourced parts and built in the US right now is the Toyota Camry, German automakers are now massive US employers. This is increasing, and even if they don't build in the US directly they still go to north Mexico so they are adjacent to the US market with access to NAFTA2.

[@TokyoTaisu]

@@NightmareForge super insightful reply thank you

[@davidwilliamswealth]

@@NightmareForge Thank you for your time in presenting your well-expressed view. You raise some excellent points.

[@Longlius]

Automation is one aspect of how to address it but there's simply large swathes of the current labor force that can't be automated. Not to mention that very few processes can be carried out entirely via automation but usually have a handful of workers on site to run things and maintain the machines.

[@mattschroeder3432]

my niece got a job a GM or GE right out of high school.

[@wz8881]

I don’t see millennials having children in masses. The marriage rate is all time low for our generation.

[@NightmareForge]

Children birth rates are a recorded stat, millennials were still managing a replacement rate precovid bust. 2020 and 2021 are a baby bust all around though.

[@TokyoTaisu]

Millennials are just getting by with help of boomer parents.

[@TTUfirebird2008]

@@TokyoTaisu Makes sense. Boomers have benefited tremendously from massive stock market growth in the 1980's, 1990's, and 2010's. Their children will gain a lot from this either through support while the parents are still living or through inheritance as the Boomers die.

[@BlackHattie]

So many people will work till their deaths.

[@tuckerbugeater]

You're right. I'm a lazy millennial. I don't want to serve your corrupt system.

[@MonteLogic]

Goated

[@harishkrishnan4099]

Why does Peter think that zoomers are smaller than Gen X, we're slightly larger

[@BrendonECarpenter]

It depends on how you measure generations. There’s no real standard among theorists. For example, I would say the oldest American Zoomers just turned 22, but someone else might say they just turned 27!

[@dgetzin]

9:16 Yeah, except millennials aren’t having kids ( or even having sex) at anywhere close to the previous rates. And high home prices don’t help. Online dating apps pair many millennial women with a string of wealthy Xers who just want side action, etc etc.

[@NightmareForge]

Broadly false delusion, half of the great migration happening isn't just about affordability but millennials who had kids and decided small apartments and deep urban schools were just not good for child rearing. Many of the cities that are the moving destinations are flailing their arms at k-6th grade capacity. 2019 before the covid bust children hospitals were bustling with births all the same. Not to say they're cranking out the massive families but they're making kids all the same. And the whole women dating up thing? That's been going on with every single generation currently alive.

[@TokyoTaisu]

@@NightmareForge another great reply ty.

[@ryankuypers1819]

@@NightmareForge Well said. I had a good laugh at his millennials aren't having sex and online dating apps "smallest violin in the world playing" comments. Perhaps he's projecting, but the generation who had the option to "swipe right" doesn't have a leg to stand on regarding access to intercourse compared to the efforts required from previous generations.

[@bryanstephens4800]

Of course it is never about Gen X. So Gen X

[@FriendlyCommentor]

I would argue the 2008-2009 recession was worse for Gen-X. Gen-X had the financial crisis hit in their prime while being responsible for a mortgage and a wife pregnant with 2.5 kids. That is tough to recover. Millennials simply moved back in with their parents for a few more years. Plus millennials have the advantage of a vacant corporate ladder partially filled with GenX. So their promotion path is easier.

[@TokyoTaisu]

You cry about Gen-X while Millennials aren't even able to buy a house in the first place.

[@ryankuypers1819]

@@TokyoTaisu Statistically and logically he's right although Millennials were also screwed by the aftershocks of bad decisions made by the Boomers.

[@be4unvme]

@@TokyoTaisu this is why many millenials are moving out the city. Many see they can afford to put down 20% on a home for 250k with good schools, safe neighborhoods

[@shorewall]

@@be4unvme That is the key, and an interesting trend to watch. With work from home and zoom meetings, why should people live in the city? Move out to where land is cheap, and work online. Education online, shop online.

[@jaydugger3291]

Happy New Year!

[@amcalabrese1]

Interesting insights but I think he leaves out the effect of immigration on the work force. The US has always relied on immigrants to do to blue collar work with their kids and grandkids assimilating into the white collar parts of the economy.

[@buddermonger2000]

The assumption here is that there likely won't be much more migration to the US. Demographics mean that the younger people (the ones with the least ties and largest likelihood of migration) are probably not going to be very much anymore because they'll have all aged out. So can't rely on immigration anymore.

[@justinmccarthy2195]

As a Boomer I see a lot of "Woe is me!" in these comments. All I can say is that whatever Peter says in not determinative. You have agency and have to find a way to master your own fate. Many seem to forget that many millions of Boomers spent their early adult years in the military. There was a real draft. And, hundreds of thousands were casualties. There was a very serious double recession in the early 80's. Not to mention 12% inflation and 14% home mortgages.My first mortgage was 12%. And, a little thing called nuclear Armageddon hanging over everyone's head. The only thing I told my child is she could go to school or pay rent or move out. The message was March or Die. Of course, I was there when the chips were down. But, she figured it out and went down the independent entrepreneurial path as a Millennial. Ultimately, it is up to you and only you to figure it out. Every generation gets its version of the short end of the stick. With 75 million Boomers getting out to the way that opens up a lot of opportunities. Good luck.

[@tuckerbugeater]

The boomers are the luckiest generation in the history of the world. Millennials faced the greatest recession since the the Great Depression. And a decade later we're facing an even greater depression and hyper inflation. Both of these events are bad for boomers too. But at least they have the capital to weather them.

[@ryankuypers1819]

@@tuckerbugeater You hit the nail on the head with hyper inflation, but greater depression? Really?? The only reason there is hyper inflation is because the government shelled out trillions of dollars to avoid a depression. The COVID pandemic caused a major economic hiccup, but 2020-2021 didn't even come close to the Great Depression. Stock markets rebounded quickly and with employment at 4.2% we're far from a recession much less depression. Granted I am looking at this through an American lens. The situation may be quite different in another country, but the world isn't in a global depression. Not yet...

[@be4unvme]

14% on a 25k home.

[@charlesdriggers199]

We are freakin doomed. All I see here is how it is all going down hill. Millennials can't get out of moms basement and their work ethic is terrible. And Z's are antisocial . And they are not wanting to do jobs that require manpower to do. Not everyone can be a computer programmer, just like not everyone can be a builder. And, I have to work with this everyday. You have someone in the comments commenting on immigrants doing the jobs these idiots will not do. So answer me this. You have 500,000 people ready to be on their own . They went to school, and now they want to start a career in whatever field they chose. BUT, there is only 250,000 jobs to be filled. What do you do with the rest? Don't give me the speech of the ''New Normal'' when the outcomes are bleak.

[@Danny-gg9gs]

...yeah that's not going to happen here either unless the cost of creating life collapses in the near future.

[@mrniceguy7168]

Hilarious how a large piece of your analysis is seemingly stereotyping and yet seems to be so close to the truth. A lot of my zoomer friends are in STEM related fields

[@bobaloo2012]

You know, there's a reason fro stereotypes, whether it's PC or not.

[@ChipmunkRapidsMadMan1869]

Harry Potter was not totally a Mary Sue.

[@MichaelDeMersLA]

Peter looks like the elf that want to sit on Santa lap too long

[@granitestateman942]

Born in 1980 in the US, I am a Young Gen X or Old Millenial. Was married between 2010-2016, with no children. Ex-wife cheated, so I left. I currently am single and own a nice 3 bedroom house. I really wish I could find a nice conservative, faithful wife to have 3 children and help keep our wonderful nation from demographic collapse. God help us!

[@MrSurferDoug]

Maybe children born in the 2020s or later will be Gen-Vs: Gen-Virtual (not Gen-Virus) I think 2020 is such a significant year that children born in 2020 and beyond should be called Gen-Vs. The Zoomers & Voomers may navigate the virtual world as easily as the real world. We shall see. Then in 2045, we can have Generation-S, the Soomers. According to some, 2045 may be a significant year for humans and AI.

[@MrSurferDoug]

XR & TelePresence is going to be as disruptive to our world in the late 2020s as smartphones were in the 2010s. Right now students and companies are struggling with zoom sessions and VR is difficult to use but in the next 3 to 5 years, this technology could be as easy to use as a smartphone. In 10 years, “They weave themselves into the fabric of everyday life until they are indistinguishable from it” Mark Weiser

[@darthmortus5702]

The analysis is good in of itself but you are out of touch with the younger generations by a lot. They are having little to no children, millennials for sure but zoomers not far behind from what I can scope. Americas demographic cliff is coming just a generation later than in Europe.

[@santy33143]

Your forget about the tesla bot generation 🤣🤣🤣🤣🤣🤣🤣🤣

[@tedkluznik5756]

Climate change will affect your analysis of the world. You need to include this messy component. Water shortages for example in W. USA will affect food production and livability of that area. Where will our tomatoes and lettuce come from?

[@ryankuypers1819]

People will eventually have to get over NIMBY and realize desal plants are the only long term solution.

[@joshchang7681]

Just a set of useless generalizations. This is basically generational horoscopes

[@ChipmunkRapidsMadMan1869]

My Millennial son was throwing hay bails and sacking groceries from 14. Thank Gawd!!!! I got one of the good ones

[@Stupid9808]

Brondo's got what plants crave! It's got Electrolytes!

[@mattslowikowski3530]

Um... immigrants?

[@Areyousureyouwantto]

yo im a millenial but you described me as a zoomer :D

[@evboto.5597]

As a Gen Z’er, that is a right on the mark explanation of us. One thing that I wish the millennials understood is that life IS a dog-eat-dog world.

[@GeorgeSemel]

As a boomer, born in 1955 I like the Generation Z'ers, I never married so I don't have children. What I like about them is that they just want to be left alone and not screwed with. I can relate to that very well. It's all I wanted out of life was to be left alone and not screwed with. Oh, and I want to keep more of my money and my stuff. You are going to be fine, and maybe even better than fine.

[@ryankuypers1819]

Your generation was raised as a reaction to the mistakes made in the raising of the Millennials (participation trophies, etc.). Don't get me wrong, as Peter stated, there are plenty of Millennials who followed a more traditional path and engaged in the workforce. Even with the economic timing being what it was when they entered they will still fare much better in the long term than those who didn't develop a work ethic until later in life. The hard lesson that everyone eventually learns is the world doesn't owe you anything until you provide something of value to the world.

[@tedkluznik5756]

Global

[@speteydog2260]

Harry Potter yuck! I hated all those books that we had to read to our kids.

[@ndwilliams6630]

Sounds like to me Millennials are followers and good at group think. Zoomers are entrepreneurial and the next generation of leaders. Ingenuity and rugged individualism has always been the foundation of the US economy.