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Debate: The Millennial generation has no hope.
For: Stagnating economies, rising youth unemployment and an attitude of entitlement (vs. head down and get on with it) means twenty somethings' futures look bleak.
Against: The digital revolution means anyone with a good idea can make it happen. Financial success isn't everything and actually this audience can follow their interests instead of having to follow a corporate career ladder. Finally in emerging markets such as India, there is a lot more possibility.
http://en.m.wikipedia.org/wiki/Generation_Y
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Stefan Lucic
Throughout history, those who would oppose to the king and the noblemen would get killed off quickly and almost nothing would change. Today is a different time. And yes, it's true that the life of the poor has been better and better in the recent hundred years, but are we reaching the peak?
@Pat
I'm not referring to any countries. I remember reading a research some time ago which found that the number of millionaires has dropped in the last few years (or that the number of new millionaires is slowly dropping), but the net worth of them is increasing. However, I can't remember exactly where I found it...
Krisztián Pintér 200+
Stefan Lucic
pat gilbert 50+
The Nouveau Riche are doing just fine. The reason is that their is more opportunity than ever for upward mobility. Just look at the last 20 years. The internet barely existed 20 years ago you and I would not be talking to you or people from China, how cool is that? we all owe Al Gore for inventing the internet? Google has made us all sound very knowledgeable and we can all pontificate. Cell phones or as I like to think of them electronic leashes. Cars that are damn site better than the Trabant and last twice as long as before with way better gas mileage. China and automation has greatly reduced the cost of manufactured goods. They do things in medicine on an outpatient basis that couldn't be done at all 20 years ago.
Nope the trend is toward greater prosperity for everyone. Remember for the millionaire to become a millionaire he had to raise the standard of living for his customers or they would not buy from him. This is always the case unless the millionaire works for the government and does not have to do anything for anyone even though he called a public servant he is anything but.
Stefan Lucic
pat gilbert 50+