Millennials and the New Economy

Maureen Dowd’s column is an absolute train-wreck this week. The first three paragraphs are so confusing and tone-deaf that one should avoid the whole thing. But I did read it. At the end, she had some interesting quotes about millennials and the tech boom.

“The 23-year-olds I work with are a little over the conversation about how we were the superpower brought low,” said Ben Smith, the editor in chief of Buzzfeed. “They think that’s an ‘older person conversation.’ They’re more interested in this moment of crazy opportunity, with the massive economic and cultural transformation driven by Silicon Valley. And kids feel capable of seizing it. Technology isn’t a section in the newspaper any more. It’s the culture.”

Ben Domenech, the 32-year-old libertarian who writes The Transomnewsletter, thinks many millennials are paralyzed by all their choices. He quoted Walker Percy’s “The Last Gentleman”: “Lucky is the man who does not secretly believe that every possibility is open to him.” He also noted that, given their image-conscious online life in the public eye, millennials worry about attaching themselves with a click to the wrong clique or hashtag: “It heightens the level of uncertainty, anxiety and risk aversion, to know that you’re only a bad day and half a dozen tweets from being fired.”

Jaron Lanier, the Microsoft Research scientist and best-selling author, thinks the biggest change in America is that “technology’s never had to shoulder the burden of optimism all by itself.”

And that creates what Haass calls a tension between “dysfunctional America vs. innovative America.”

Walter Isaacson, head of the Aspen Institute and author of the best-selling “Steve Jobs,” agreed that “there’s a striking disconnect between the optimism and swagger of people in the innovative economy — from craft-beer makers to educational reformers to the Uber creators — and the impotence and shrunken stature of our governing institutions.”

You know what your problem is, old fart? You need to have the swagger of a craft-beer maker! So, grow yourself a beard and stop whining!

There are a handful of people making a load of money on the Internet with companies that sell preppy belts on Instagram or that help you locate people who want to hook up. There are also a handful of people who call themselves gurus and are suffering from the dreaded fullashit disease. They write books about belts on Instagram and one-night stand software. They make a nice living, too. Good for them!

I don’t know how the new economy is working out for millennials. The Atlantic and their 15-year old writers pump out daily articles about how they can’t buy houses or cars, because they have so much student loan debt. I’m on a ‘secret’ Facebook of 27,000 women writers that complain about working for free. The latest list of most well paid careers went to old-fashioned sort of careers like anesthesiologists. Not German barbecue pop-up store owners in Williamsburg.