If Millennials Do Worse Than Their Parents, It Will Be Because Bill Gates' Kids Have All the MoneyHere's a bit from Alexandra Petri's Washington Post opinion piece:
The Washington Post had a column by a millennial columnist complaining about the lack of opportunity. It is striking that the column never once mentioned income inequality.
There is no doubt that millennials will on average be far wealthier than their parents. Output per hour has roughly doubled over the last three decades, meaning that the real wage could be almost twice as high today as it was in 1980. Insofar as the typical millennial is not seeing the benefits of this productivity growth it is due to the fact that so much income has been redistributed upwards, not the result of any generational dynamics.
Youth unemployment is 18 percent — double the overall rate. The polls teetered, then tilted. Will your standard of living be better than your parents’? Probably not. Is the American Dream still in reach? Define dream.What bugs me is that she puts down the Occupy Wall Street protest as "a hundred kids". Here's a picture of what "a hundred kids" looks like when reported by a UK newspaper, The Daily Mail with the title "Thousands of protesters descend on Manhattan as police gear up for a weekend of mayhem... but is this the start of a middle class uprising?":
What’s worse is that no one seems to realize that we’ve noticed.
“The kids are all right,” they say. “Let’s tweet them a bone. They love it when you tweet.”
It’s enough to give a self-respecting millennial a headache.
Right now, there are at least 100 people Occupying Wall Street. It’s a protest movement. We are the 99 percent who will no longer tolerate the greed and corruption of the 1 percent, they say.
They have a nice Web site. They want to find some sort of solution as a group. They also don’t have jobs — or a real plan.
That’s basically millennials in a nutshell.
Only the mainstream press in the US continues to "report" this as a handful of disorganized malcontents who have "no message" and aren't worthy of any media attention.
Here is the only thing close to