Gen Z aren't simply out to get a job, they're looking to create one in a world that requires zilch capital
Some interesting ideas in this article: although I am not a fan of the Gen XYZ labels, there are some interesting observations about the economic and technological circumstances that have shaped recent generations
"We could end up with what Thomas Piketty would describe as the 'Jane Austen world'," says The Grattan Institute's John Daley, painting a picture of Gen Z as characters in a 19th century novel where the only way to get ahead is by inheriting wealth – or marrying up."
"Compared to today's teenagers, Gen Y grew up in an era of social media poverty – all they had was Facebook, Myspace and MSN Messenger. Gen Z has been immersed in a world of YouTube, Instagram, Snapchat, Reddit and Tumblr. They've grown up in the shadow of Justin Bieber, who became a worldwide star when his homemade YouTube videos were discovered, and Evan Spiegel, the Snapchat co-founder and the world's youngest billionaire at age 25. Today anyone can launch a start-up with no capital and take unlimited shots at economic mobility. And that's helping Gen Z stumble upon entrepreneurial pursuits from a young age. They aren't simply out to get a job, they're looking to create one."....And in a world that requires zilch capital, if their businesses fail, they can simply move on to the next-best thing.
Read more: http://www.afr.com/news/economy/stark-challenges-await-recessionfree-generation-z-20151021-gkfe4k#ixzz3pWm4bTPm
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