Australian (ASX) Stock Market Forum

Generational Shift

What makes you think they won't have their own pandemic?
They may well do so.

But 20 years from now when some comedian makes reference to fighting over toilet paper, the joke's going to go straight over the head of anyone who didn't experience this recent pandemic.

If they get their own pandemic, almost certainly it'll be different in detail.

Much like for example 11 September 2001. If you didn't live through it, even from a non-US perspective, then there's detail you're unlikely to have learned simply by reading about it. :2twocents
 
I do think its easy for some Boomers to look negatively on the generations below, but the Millennials have contributed a lot despite having had their own fair share of hardships.

The oldest Millennials left High school or college right as the Tech Wreck recession happened in 2000.

It was the adult Millennials that were aged 18-23 years old a year later the twin towers fell who made up the bulk of the young soldiers on the various battle fields.

The GFC hit 6 years later with the adult Millennials now 18-29 who again were hit hardest, struggling to find good high paying jobs, except for the military where they were still fighting two wars.

So they got some decent headwinds out of the gate, and despite that or perhaps because of it have developed on average some pretty decent core principles I feel, and are doing ok now that we are between 26 and 42 years old, its now Millennials that make up the bulk of soldiers, police, fire fighters, doctors, nurses, pharmacists, miners etc etc etc, so the can't be that bad.

The oldest Millennials (born early to mid 80s) are indistinguishable from Generation X. I don't believe that the different generations can be divided up by specific years but by societal, parental and technological change. The Millennials everyone loves to hate were formed by helicopter parenting and participation medals. They were taught participation was just as valuable as achievement and they developed a sense of entitlement. Exactly when this shift occurred I cannot say with certainty, but it did happen.

As older Generation X, I was told by my parents that if I didn't study hard I'd be "shovelling **** for the rest of my life". When I played up I was threatened with being sent to Boys Town. I was beaten with switches and belts when I did something really bad. My parents weren't helicopter parents, they were Silent Generation and they were emotionally distant. I wandered the streets and storm water drains with my friends without any supervision all day (on weekends and school holidays). There were only two rules, I was not to get into trouble (well, not to get caught) and I was to be home by dinner time. That was it.

Totally different parenting styles is what separates Generation X from Millennials.
 
As a Millennial myself, I think it's going to be a good thing, every generation tends to continue improving society for the better, and the Millennials will be no different. The shift in policy etc you are talking about is not really any different in scale from the shift that the boomers caused. I Mean rewind to the 60's and you can bet that there was many stodgy 50 and 60 year olds complaining about the "kids these days" and that the social movements at the time were going to destroy society. But if you actually take a look through history you will see the various social movements have improved society, even though though the stodgy old folks resisted the changes at the time, the "good ol days" weren't as good as people remember, thats just nostalgia talking, the current times aren't as bad as they claim, thats just fear of change.
Yep, a society that sits around staring at phones is for the better.
Society is approaching peak stupidity, imo.
 
The oldest Millennials (born early to mid 80s) are indistinguishable from Generation X. I don't believe that the different generations can be divided up by specific years but by societal, parental and technological change. The Millennials everyone loves to hate were formed by helicopter parenting and participation medals. They were taught participation was just as valuable as achievement and they developed a sense of entitlement. Exactly when this shift occurred I cannot say with certainty, but it did happen.

As older Generation X, I was told by my parents that if I didn't study hard I'd be "shovelling **** for the rest of my life". When I played up I was threatened with being sent to Boys Town. I was beaten with switches and belts when I did something really bad. My parents weren't helicopter parents, they were Silent Generation and they were emotionally distant. I wandered the streets and storm water drains with my friends without any supervision all day (on weekends and school holidays). There were only two rules, I was not to get into trouble (well, not to get caught) and I was to be home by dinner time. That was it.

Totally different parenting styles is what separates Generation X from Millennials.
I am an older Millennial, in the grey area you are talking about sometimes called “Xennials”, I can see a pretty big difference between Gen X and and Millennials though.

I grew in a neighbourhood where the kids still largely lived outside, but Video Games and the internet were becoming increasing important, but social media wasn’t really a thing yet.

But yeah I am pretty impressed with the younger generation, I certainly don’t see what people are worried about, they seem to be doing great.
 
Yep, a society that sits around staring at phones is for the better.
Society is approaching peak stupidity, imo.
As opposed to staring at newspapers and TV?

I think you are just cherry picking something you see as a negative which probably isn’t that important, The younger generation might use their phones more, but so what, so many other aspects of society are improving in important ways.

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The Millennials everyone loves to hate were formed by helicopter parenting and participation medals. They were taught participation was just as valuable as achievement and they developed a sense of entitlement. Exactly when this shift occurred I cannot say with certainty, but it did happen.
A much broader shift in society has occurred there, the death of expertise and the rise of risk aversion.

That affects everything from how governments and society views big engineering projects through to things like the music industry. Technical leadership and innovation are out, risk aversion and safety are in. Related to that being the death of expertise and the ability to manage risk at the technical, as distinct from legal, end.

Helicopter parenting and "every child wins a prize" is really just another manifestation of that risk averse approach that avoids danger and the risk of failing at all costs.

Like most things a little bit is OK, perhaps even good, but too much will kill you. :2twocents
 
Not sure about other states but in QLD there was a generational shift between kids that were legally flogged and belted in class by their teachers as a method of pain compliance and kids that weren't. Happened around the late 70's and the legal ability to administer a flogging was transferred to the principal and not long after that was banned completely.

If the police got involved they took the teachers side automatically by default and escalated the pain compliance and if it got to your parents they automatically took the police side. If you left school and got a job the older workers took it upon themselves to use physical punishment to get compliance.

That was definately a generational shift.
 
Not sure about other states but in QLD there was a generational shift between kids that were legally flogged and belted in class by their teachers as a method of pain compliance and kids that weren't. Happened around the late 70's and the legal ability to administer a flogging was transferred to the principal and not long after that was banned completely.

If the police got involved they took the teachers side automatically by default and escalated the pain compliance and if it got to your parents they automatically took the police side. If you left school and got a job the older workers took it upon themselves to use physical punishment to get compliance.

That was definately a generational shift.

Yep, got "the cuts" from the school principal and was "whooped" (that's what he called it) by Mr. Nichols in Grade 6. I think it was the early 80s when they did away with it completely.
 
The oldest Millennials (born early to mid 80s) are indistinguishable from Generation X. I don't believe that the different generations can be divided up by specific years but by societal, parental and technological change. The Millennials everyone loves to hate were formed by helicopter parenting and participation medals. They were taught participation was just as valuable as achievement and they developed a sense of entitlement. Exactly when this shift occurred I cannot say with certainty, but it did happen.

As older Generation X, I was told by my parents that if I didn't study hard I'd be "shovelling **** for the rest of my life". When I played up I was threatened with being sent to Boys Town. I was beaten with switches and belts when I did something really bad. My parents weren't helicopter parents, they were Silent Generation and they were emotionally distant. I wandered the streets and storm water drains with my friends without any supervision all day (on weekends and school holidays). There were only two rules, I was not to get into trouble (well, not to get caught) and I was to be home by dinner time. That was it.

Totally different parenting styles is what separates Generation X from Millennials.
Exactly how I grew up.
 
Ha, yeah getting the cuts, almost forgot that word.
I was in high school in the late 60's early 70's, the 'cuts', some people were excellent at giving them, poetry in motion and you couldn't hold a pen for the rest of the day.
I remember one such person the deputy headmaster at Eastern Goldfields Highschool, we nicknamed him Billy Goat, because it rhymed with his name, if there had been an olympic sport for rhythmic cane wielding he would have been right up there in the medal chase.
The good old days.:roflmao:
 
I was in high school in the late 60's early 70's, the 'cuts', some people were excellent at giving them, poetry in motion and you couldn't hold a pen for the rest of the day.
I remember one such person the deputy headmaster at Eastern Goldfields Highschool, we nicknamed him Billy Goat, because it rhymed with his name, if there had been an olympic sport for rhythmic cane wielding he would have been right up there in the medal chase.
The good old days.:roflmao:

If I remember correctly 6 was the maximum you could get which was liberally interpreted as 6 per hand.

Lol kids that pulled their hand away at the moment of impact just got more added or got it across the back of the legs.
 
As opposed to staring at newspapers and TV?

I think you are just cherry picking something you see as a negative which probably isn’t that important, The younger generation might use their phones more, but so what, so many other aspects of society are improving in important ways.

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Na did a lot more back in the day. Reading a paper didn't take that long.
My kids can track their phone time and it takes up hours. I'm not convinced that reading a phone is absorbed much at all, compared to reading a book you actively bought.

That phone time also knocked out skills learned. I was constantly learning stuff when I was younger. That I notice the younger generation is not doing these days.

Boredom use to mean going out and finding something to do. Now it means switching on your phone.

God even dating has been reduced to swiping on your phone.

Not having a go at the younger generation. Just that big corporations really did a number on them.
 
If I remember correctly 6 was the maximum you could get which was liberally interpreted as 6 per hand.

Lol kids that pulled their hand away at the moment of impact just got more added or got it across the back of the legs.
I remember being near an incident that happened and because the kid didn't speak up we all got a cut from the principle.
Another time a kid got whipped so bad that his father came down and beat the sht out of the teacher.
 
Na did a lot more back in the day. Reading a paper didn't take that long.
My kids can track their phone time and it takes up hours. I'm not convinced that reading a phone is absorbed much at all, compared to reading a book you actively bought.

That phone time also knocked out skills learned. I was constantly learning stuff when I was younger. That I notice the younger generation is not doing these days.

Boredom use to mean going out and finding something to do. Now it means switching on your phone.

God even dating has been reduced to swiping on your phone.

Not having a go at the younger generation. Just that big corporations really did a number on them.

All at the same time kids now in their most formative years have the compounding factors of toxic social media + lockdowns + masks obscuring facial expressions is resulting in a looming pandemic of mental illness.
 
All at the same time kids now in their most formative years have the compounding factors of toxic social media + lockdowns + masks obscuring facial expressions is resulting in a looming pandemic of mental illness.
Anxiety is at absurd levels. Seems to have hit millennials pretty hard as well.
 
I remember that strategy, couldn't figure out who the culprit was - you all get it.
I remember being near an incident that happened and because the kid didn't speak up we all got a cut from the principle.
Another time a kid got whipped so bad that his father came down and beat the sht out of the teacher.
 
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