Josh Tetrick

Josh Tetrick

Posted: February 18, 2010 06:04 PM

Recession Kids

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The recession is a bad deal for everyone. Debt explodes. Dreams are deferred. Job loss drains the bank account. Futures are questioned.

It seems young people, though, are uniquely unprepared for the world in which they now find themselves.

They are coming of age in a world where global-warming pollution is dumped by the 70-million-ton truckload into the sewer formerly known as our atmosphere; where billions live each day in the grinding no-medicine, no-light, and no-family type of poverty; where seventy billion animals -- about the number of humans who've lived in all of history -- suffer from cruel and inhumane treatment inside factory farms.

And now -- their very own job crisis.

"Many of them become different -- and damaged -- people,", according to Krysia Mossakowski, a sociologist at the University of Miami. Along with other researchers, she has found that in young adults, long bouts of unemployment provoke long-lasting changes in behavior and mental health. For people just starting their careers, the recession's damage may be deep and long-lasting, potentially creating a kind of lost generation.

Large numbers of our youth, however, are calling into question whether they are really the passive pawns of previous economic, social, and environmental missteps. While the unemployment rate among young people is the highest since WWII, their capacity to embrace the big, selfless, and profitable career paths of tomorrow has never been higher. They just have no choice other than to innovate their way out of this mess.

Ory Okolloh (24) doesn't just use Google Maps to find a restaurant, she harnesses it to track atrocities and human rights violations. Derek Lomoas (26) doesn't see business as evil; he sees it as a tool to distribute interactive games for children in Africa. Mark Rembert (23) doesn't use his mechanical engineering degree to build bigger buildings; he's using it to repower his city with renewable energy.

Skeptical? Check the research. A major research study into the values and attitudes of this generation was recently conducted. Born between 1978 and 2000, the Millennials include 95 million young people up to 30 years of age -- the biggest, most diverse, and best educated age group in US history. Older generations see needs as opportunities to volunteer; they see needs as opportunities to emotionally and financially thrive. They have a commitment to common good over individual gain, an ethos that reaches across traditional divisions such as race, ideology, and partisanship. They are radically pragmatic. They are ecologically intelligent and socially tolerant.

And more than any generation before, they get this paradox: selflessness is profitable.

Millennials refuse to be constrained by past conventions. Of all the attributes on which they were asked to compare themselves to earlier generations of Americans, they identified their willingness to "embrace innovation and new ideas" as the variable that most differentiates them from older Americans. More than three out of four Millennials (78%) say they are more likely to embrace innovation and new ideas, including 44% who say they are much more likely to do so -- more than 10 points higher than any other variable tested.

This is manifested in the thousands of young people who are creating the tools, law, vaccines, buildings, code, fashion, and food that will allow the planet to grow stronger while empowering those living their days on monthly income barely enough to buy a large coffee. Thousands are using bugs (and biochemistry) to beat back malaria, sending out tweets and Facebook updates to galvanize support for genocide victims, writing to amplify one girl's voice in the slums of Kibera, Kenya or Mumbai, India, building hospitals and homes and communities brimming with renewable energy, and installing green roofs for a new generation of American homes.

Despite the current economic frustration, Millenials understand that yesterday's jobs are ignorant to the reality-bending demands of zero emission cars and zero-waste shopping malls and zero-poverty communities.

While many lament the present, they have taken a moment to remember (and live) a story from the past. "Why the lightbulb?" a student seeking a clarity to his own career anxiety once asked Thomas Edison. "I find out what the world needs, then I proceed to invent." Billions of dollars and one hundred years later, Edison's answer captures brilliantly how the "lost generation" is embracing the future in the vice grip of this economic downturn.

They are not only making Edison proud -- they are making him envious. Check the research.

 
The recession is a bad deal for everyone. Debt explodes. Dreams are deferred. Job loss drains the bank account. Futures are questioned. It seems young people, though, are uniquely unprepared for the...
The recession is a bad deal for everyone. Debt explodes. Dreams are deferred. Job loss drains the bank account. Futures are questioned. It seems young people, though, are uniquely unprepared for the...
 
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cbockels   04:47 PM on 2/26/2010
Josh,
Very thoughtful piece...and consistent with our findings as well. Interested in the research sources you used. Could you list them? The link isn't active.

Thanks,
C. B. Ockels
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joshtetrick   01:11 AM on 3/01/2010
Thanks, C.B. Used research from http://www.amazon.com/Generation-We-Millennial-America-Changing/dp/0982093101 I believe Forrester conducted it.
monique111   01:20 PM on 2/19/2010
Innovative ways to solve the worlds problems is not a pipe dream but within our grasp. This article can only be classified as an eye opener, illuminating optimism rather than pessimism. Mr. Tetrick has hit a home run with both his analysis and facts.
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joshtetrick   01:12 AM on 3/01/2010
thanks!
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kthread   10:47 AM on 2/19/2010
Josh, delighted to see Ory, Derek, and Mark mentioned here--their PopTech Social Innovation Fellow colleagues are awesome too (more on all of them here: http://poptech.org/sifellows)
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joshtetrick   01:24 AM on 3/01/2010
All megatrends have their first-movers, the leaders not afraid to step out on the edge. See PopTech http://poptech.org/ and join em.
JMB8   09:39 PM on 2/18/2010
Wonderful blog -- very inspiring. That's great Josh brought up the issue of animals suffing inside factory farms. I see a lot of business opportunities regarding investing in delicious plant-based meat alternatives that will help continue to move the population toward incorporating more vegetarian meals into their diet. Also, investing in lab-grown meat is a wise investment.

Both plant-based and lab-based factory farm meat alternatives are better for the animals, our health, and the environment. I hope the next generation jumps at these opportunities, as do knowledgeable investors.
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joshtetrick   01:25 AM on 3/01/2010
I find out what the world needs, then I ... Can't imagine a bigger need. Thanks for your comment.
mark658   09:00 PM on 2/18/2010
This thoughtful article accurately describes the challenges presented to the milennial generation. All is not bleak, as Mr. Tetrick so elquently expounded. Innovative thinking, outside the box so to speak, may well be the key to our future. Im passing this article on to my many collegues.
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joshtetrick   01:31 AM on 3/01/2010
Thanks, Mark.
land2341   08:45 PM on 2/18/2010
I spend every day with these young people and I agree with this view. But, having said that it is also true that their youthful enthusiasm and idealism does not always allow them to grasp the nature of the political and economic problems facing the world. They cannot fix problems they do not see or understand.

We need to help them learn.
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joshtetrick   01:30 AM on 3/01/2010
You're a teacher? How can we improve? - J
Katie Meyler   07:22 PM on 2/18/2010
I couldn't be more excited about this generation Josh! Love this post!! Lets go Recession Kids...lets use our wildest imaginations to invent ourselves out of this mess! Let's get those 101 million children around the world off the street and into school and live for "More than Me." :)
www.morethanme.org
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joshtetrick   01:28 AM on 3/01/2010
Thanks, Katie. Gen Y gets why this isn't a story about sacrifice. We thrive.
Katie Meyler   07:15 PM on 2/18/2010
I could
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joshtetrick   01:35 AM on 3/01/2010
we know!

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