Generation X & Y - What the Future Holds...

I recently attended a conference focused on the unique generational shift that is currently going on. The Baby Boomers (born 1944-1962) are getting old while Generation X'rs (born 1963-1981) are taking their roles as adults, and Generation Y's (born after 1981) are entering the workforce. What does this all mean??? Society is going to change quite a bit.

Interestingly generation X is one of the smallest generations since The Depression, but is sandwiched between two of histories largest generations, the Baby Boomers and Generation Y. This is why you've heard that organizations are very concerned about the aftermath of the Baby Boomer retirement. The fear is that there will be a shortage of quality employees to not only take the roles left empty by exiting Baby Boomers but also the question of who will manage the large group of younger generation Y employees.

This put's Generation X'rs in a very unique position as the intermediaries between two very different groups that have and will shape the world as we know it. How are these groups different? To help you with this imagine each of the following people as representatives to their respective generations (I didn't come up with these):

Baby Boomers - Bill Gates

Generation X - (None, that's why we are signified by the X)

Generation Y - Paris Hilton

Now, you may look at these representations and come to the simplified conclusion that I think those from the Y generation are idiots and that our society is going downhill, but you'd be wrong. Many people actually believe this point of view to be true and justify their concerns with evidence about how Y's are unwilling to work hard, can't focus, and are clueless when it comes to social interaction (e.g. showing respect for their elders). But this is only a shallow view of what this group brings to the table.

The Bad Background: Y's were raised by wealthy, protective, and overworked Baby Boomer parents taking excellent care of them (or at least hiring someone to do so). As a result they have a great feeling of entitlement and little discipline. They don't believe in sacrificing today for happiness tomorrow. They want to be happy today and tomorrow. To go along with this is a deeply ingrained feeling of equality. In there eye's people are people; things like age are not significant or justifications for special treatment (remember these are the kids having temper tantrums in the market, yelling at their parents because they tried to stop them from getting Power Ranger cereal). Again this all sounds negative, but look a bit deeper and you may see things a bit differently.

• When studying spiritual literature one is constantly reminded of the idea of focusing on the moment instead of dwelling on the past or anticipating the unknown of the future. Y's do this naturally.


• Feelings of entitlement combined with equality create a high standard for all to live up to. What I mean is, that someone who feels entitled has high expectations for themselves irrespective of the work they do or sacrifices they make. When this is combined with broadly supported feelings of equality with no thought of age, race, and gender then these high standards are expected for all.

Now, these characteristics don't appear to be as bad as they did before, do they?. When you add to this that Y's are resourceful, creative and fully integrated into the systems that Boomers still can't fully comprehend, and X's barely have a handle on, you find a group that is truly unique and definitely not inferior. That is except in one area: Focus.

It still waits to be seen whether Y's will have problems focusing on anything for long enough to really make any sizable impact. This is where the information overload, lack of discipline and constant connectivity may have hurt our newest generation. Will they be able to focus there energy, attention, etc. for long enough to meaningfully improve the world? I don't have the answer but I'll leave you with these quotes about managing Y's:

"Generation Y doesn't care about how much you know, until they know how much you care."

"Generation Y needs leaders not managers...Managers do things right; leaders do the right thing."

America Today

The last few posts have brought to light some of the interesting dichotomies that plague America today... On one hand, we are taught to believe that we are the most advanced in terms of human rights, given our long-standing commitment to and foundation in the concept of freedom (i.e. see Constitution and Bill of Rights). Yet, at the same time, while we sometimes over-value life, for example, the debate on stem cells, at other times, we just as easily undervalue it, for example see the value of a mexican post.

What kind of culture do we live in where an unborn fetus that is only a few cells large has more rights than an actual human being?

The Truth About Stem Cells

(skip to the bottom if you are already knowledgeable about stem cell research)

A few weeks ago a few friends and I had a contentious debate about progress of stem cell research and the actual use of stem cells. Without solid knowledge of the subject our debate was reduced to conjecture, and assumption. This weekend I did some research to find the bottom line on stem cell research.

Stem cells are specific cells found in the VERY early stages of development of all organisms. These cells have not yet specialized so they can become anything in the organism. For example, a stem cell can become a skin cell or a nerve cell later on in development. In fact, a stem cell is what eventually multiplies and multiplies until you have a whole organism (e.g. a human). So stem cells are what is used for cloning.

When a sperm and egg fuse you have your first stem cell. This cell then divides, and then those two cells divide, etc. taking us through the stages of embryonic development. As this process continues the stem cells change into specialized cells that make all the organs and tissues of an organism. These specialized cells cannot be used for anything else other than their specialized usage (not exactly true but good enough for our purposes). That is what makes stem cells so valuable. They can be anything. They can even be used to create a whole new organism (i.e. cloning). This means that someone who has a damaged organ that must be removed can use stem cells to create a new organ to replace it. Or someone who is paralyzed because his/her spinal cord was cut can use stem cells to re-attach their spinal cord and walk again. The applications are endless and there has actually been a case where a blind man's vision was restored using stem cells.

So up until this point I think we have covered what is more or less basic knowledge that most people have about the subject, but here is what most people don't know is: What is the source of stem cells?

Answer: A fetus. This is what creates all the debate about stem cell research and what has made it illegal in the U.S. It's the idea that using fetuses is morally questionable. But what people don't know is that the only stem cells that can be used for research are those of an embryo that has only reached UP TO 16 CELLS in size. At this point the fetus is still microscopic! This also means that stem cells can be created in a lab using the eggs and sperm of those who donate or sell them. They do not need to be gathered through abortions.

Also, in case you didn't know, people sell there sperm and eggs all the time. Stem cell research would not cause people to do this for the first time.

The Value of a Mexican

The title sounds like a bad joke but Slate.com took it seriously and did the math. There's this idea out there that "Americans should care more about their countrymen than about a bunch of foreigners." Well, let's just assume this is true. Then the question becomes how much more$?$

"Surely there's some limit; virtually nobody thinks, for example, that Americans should be allowed to hunt Mexicans for sport. So, exactly how much are you willing to hurt a foreigner to help an American? Is a foreigner's well-being worth three-quarters as much as an American's, or half as much, or one-quarter as much?"

"Virtually all economists agree that immigration makes us richer, not poorer. Every immigrant is a potential trading partner, a potential employee, and a potential customer. He bids down wages, but that's a two-edged sword: It's bad for his fellow workers, but it's good for employers and good for consumers."

After doing some pretty daunting economic analysis looking at the hourly wage benefit to a immigrant worker and loss to an American worker the bottom line is:

The immigrant gains $7 an hour, which as "actually worth about five times the American's $3 loss. In other words, to justify keeping the immigrant out, you'd have to say he's worth less than one-fifth of an American citizen."

Tattoo Regret: Is Nothing Sacred?

Tattoos are getting easier to remove. Estimates: Up to 45 million Americans are tattooed; 17 percent of them regret it; the annual number of tattoo removal treatments might be 100,000. Summary by a removal company's CEO: "As your life changes from young to middle-aged to older, from single to married to divorced, you get tattoo regret." Sample reasons: 1) Get my ex-fiance's name off my body. 2) I don't want my tattoos to show around my strapless wedding gown. 3) I need to start looking employable and marriageable. 4) I want to replace my old tattoos with new ones. Current removal technology: multiple expensive laser treatments to break down each color. Impending technology: special ink that can be removed with a single laser treatment. CEO's pitch: The new ink will embolden "fence-sitters who always wanted a tattoo but have been afraid of the permanence." Half-cynical view: It'll make them feel as though they're getting a real tattoo when, in fact, they aren't. Fully cynical view: Removable tattoos for the era of removable relationships."

In today's world, obsolescence dominates. Hot one moment, gone the next, it seems that nothing these days has any permanence: not our goals, not our toys (as the only thing we can seemingly count on is that our new "technologies" our outdated the moment we receive them), not our relationships (see divorce statistics). Even the tattoo, what was once the ultimate symbol of permanent commitment, can now be edited right out of existence.

The question is, is anything sacred? Do we every commit to anything anymore for the long haul? And if the answer is no, what consequences are we suffering?

The Newly Rich Cash-Out of Love

"There is no question that a huge infusion of wealth to relatively young people has a disastrous effect on the marriage's stability," says Bern Clare, a Manhattan divorce lawyer.

In the world of hedge fund managers one can become an overnight multi-multi-millionaire. And with this new wealth come drama. High dollar value divorces are becoming more and more common among fund managers and with them, excessive demands. Just take a look at a few:

- "A case in which the dependant spouse insisted that she needed $800,000 a month in child support payments, even though she already had an income of $7 million a year. "The judge listened calmly and found she had plenty to maintain herself. Then he ordered $100,000" a month."

- "In one recent divorce, the entire settlement was hung up on the issue of whether the former wife would be given $500,000 or $750,000 a year to cover first-class air travel."

The reason why I decided to discuss this article is because I believe wealth interferes with many parts of our lives. Wouldn't you think that wealth would improve a marriage? Eliminating so many of the worries most of us have. But this is obviously not the case, and there are countless other areas where wealth damages our lives whether it be parenting, to our own internal happiness. As Dr. Richard Easterlin, one of the world's foremost economists explained: As a person’s income goes up, he or she doesn’t grow any happier in a lasting sense.

The point is wealth can be a vice without the proper foundation... A foundation where one understands that money is not a replacement for love, or a pre-requisite for happiness.

Not So Insecure After All?

Self-effacing people are secretly confident
Despite appearances, most people think highly of themselves.

"No matter how meek they might appear, most people are endowed with the same self-confidence, new research reveals. For some, however, that confidence is buried deep inside.

Within the United States as well as across cultures—and stereotypes —all individuals hold a positive inner confidence.

“A given person with high implicit [or inner] self-esteem may be outwardly self-promoting or may be outwardly very modest,” said study team member Anthony Greenwald, a psychologist at the University of Washington.

The results are detailed in the June issue of the journal Psychological Science."

Father's Day Quote

“Every father should remember that one day his child will follow his example instead of his advice.”
- Author Unknown

Public Schools - Adam Smith would be pissed!

Adam Smith, the author of the Wealth of Nations (the outline for capitalist economies) would be quite perturbed if he saw the state of public schools in our country. Why? Because they go against everything he stood for.

A capitalist economy is based on supply and demand, accountability, and above all humanity's innate greed. Being the antithesis of socialism, where people are supposed to be motivated by promoting the common good, capitalism correctly assumes that an individual's desire for self promotion is usually stronger. So why is our education system based on socialist philosophies, free of competition, or accountability? The public answer we are given is: Because no child can be left behind. But the "simple fact [is] that one of the surest ways to leave a kid "behind" is to hand him over to the government."

"Americans want universal education, just as they want universally safe food. But nobody believes that the government should run 90% of the restaurants, farms and supermarkets. Why should it run 90% of the schools — particularly when it gets terrible results?" Take for example Washington D.C. which spends $12,979 per student per year, but is "last in spending on instruction. Fifty-six cents out of every dollar goes to administrators." Washington D.C. is near the top when it comes to spending on education, but near the bottom when it comes to student performance on standardized tests.

The point made by this article, is that education is a business whether we like it or not. By shutting down public schools and allowing private schools to handle education we will allow the capitalist economy we are a part of to manage the quality and integrity of education. We will provide an atmosphere that rewards results because parents won't send their kids to a low performing school when they have the choice to send them to another.

The government can use the funds it currently spends on students to subsidize education without managing the whole schools system. In addition, the government can use these funds to help level the playing field between the wealthy and socio-economically challenged but first the overall structure must be changed to one that makes business sense.

Are Kids Staying Kids for Too Long?

This article, by Camille Paglia of Salon.com, raises a number of interesting points, from politics to pop culture. One however, stuck out in my mind. Are young adults (ages 18-25) revelling in their youth too long? Paglia refers to the recent pop culture debacles of Paris Hilton and Lindsay Lohan as examples of when parents hinder the development of their children but refraining from teaching responsibility.

"What links the Lohan and Hilton cases is the weird behavior of the parents -- either flaky and dysfunctional or overbearing and coddling. The Lohan and Hilton mothers seem to reject aging by trying to keep their daughters in developmental limbo. Paris in particular seems to have become a psychic prisoner, turned into a flash-frozen marzipan doll by her belligerently benevolent mom. Neither family is typical, of course, but are the Hiltons exposing an unhealthy symbiosis in recent American family life? Adulthood keeps getting postponed for white middle-class girls, who even after they arrive at college are obsessively linked by umbilical cellphones to their hovering parents, who want to shield their progeny from all of life's nicks and scrapes."

Although Paris and Lindsay's experiences are hardly American culture's common denominator, there is something to be said for teaching your kids to take responsibility for themselves at an early age, rather than allowing them to rely on you as a parent long as possible. Rather than "postponing" their adulthood, we should teach our children to embrace it, even if it means having our children endure a few of "life's nicks and scrapes" along the way.

If Paris and Lindsay are any indication, "developmental limbo" leads to nowhere - at least in their cases - other than rehab or jail.

Green Guilt Trip

Copied form the article:

The government and the greenies are afraid of making you feel guilty. Not me. And a whole lot of sources back me up.

Plastic: You're not throwing away plastic bags, genius — you're throwing away oil. In energy alone, recycling a ton of plastic bags saves 11 barrels of oil. Which means that Californians, by tossing away 19 billion plastic bags last year — all of them blowing across my lane of the freeway — wasted about 4.5 million barrels of oil. And those darling little plastic water bottles you tossed — 18 million barrels of oil to make them. What, did you think the Sparkletts fairy whisked them all away?

Paper: The lungs you ruin may be your own. A mature tree eats 13 pounds of carbon dioxide every year, so every time you don't recycle a huge stack of envelopes and junk mail and wrapping paper and newspapers, you're murdering a tree that could have saved you. You could heat your house for six months on the energy saved from recycling a ton of paper.

Aluminum cans: Too lazy to shuffle to the recycling bin? The energy you waste by throwing away a single soda can would run your TV for three hours. Throwing away an empty six-pack is like throwing away nearly a $3.50 gallon of gasoline. We Americans toss away enough aluminum cans in a year to rebuild every commercial airliner in America. Good work, cola-for-brains.

Et ceteras:

• You throw away three pounds of trash every day; two pounds of that could be recycled, unless you like the idea of living next to Landfill World

• You're adding 10% or 20% to your electric bill and sucking coal and oil by keeping energy vampires plugged in: phone chargers, TVs and printers.

• Pour away a gallon of motor oil instead of recycling it, and you're dumping enough energy to dry your hair for 216 days or to watch 60 Super Bowls.We've come to the end of this guilt trip; thanks for ride-sharing.

Price is Right

http://www.latimes.com/news/opinion/la-oe-kurson6jun06,0,6477820.story?coll=la-opinion-rightrail

According to Ken Kurson of the Los Angeles Times nobody "give(s) much thought to Pierre de Fermat or Blaise Pascal," but thanks to Bob Barker, the probability theory developed by those "brilliant mathematicians from centuries past" has been seamlessly transmitted "into millions of homes for 35 years." Barker, who recently taped his last episode of The Price is Right, educated the public using "daily lesson(s) in the principles of behavioral finance." Besides being a staple of American "comfort entertainment," the game show was essential viewing if "you wanted to know how to exploit -- or get trapped by -- market inefficiencies and the often irrational behavior of competitors." And by combining "real prices" for real products with hot women, continuously fresh contestants, and the ever-youthful Prof. Barker, lessons were"made... as painless as possible."

Research: Stem Cells Can Make Blind See

http://www.themoneytimes.com/articles/20070606/scientists_stem_cells_can_make_blind_see-id-104433.html

http://www.physorg.com/news100319385.html

Macular degeneration is the most common cause of blindness in older people and is believed to affect about 14 million people in old age and 30 percent of 75-year-olds. Lyndon da Cruz of the University College London Institute of Opthamology has had some success transplanting retinal pigment epithelium cells within patients' eyes. Now Cruz and his colleagues hope to use cells grown in a petri dish. The project received an $8 million gift from an anonymous U.S. donor whose father became blind and who obviously couldn't invest his money in a U.S. firm doing the same research. "This is totally geared toward getting in the clinic," said Pete Coffey, a colleague of Cruz' at the institute. "Our goal within the five-year period is to have a cohort of 10 or 12 patients we can treat. If it hasn't become routine in about 10 years it would mean we haven't succeeded. It has to be something that's available to large numbers of people."

Another interesting article from 2003 - Stem cells used to make a blind man (from eye injury) see again:

http://www.medicalnewstoday.com/medicalnews.php?newsid=4180

Tips on Aspiring Creativity

http://www.gapingvoid.com/Moveable_Type/archives/000932.html

I don't normally link to blogs, but this is good, real good. There is a detailed explanation of each of these tips if you go to the link.

So you want to be more creative, in art, in business, whatever. Here are some tips that have worked for me over the years:
1. Ignore everybody.
2. The idea doesn't have to be big. It just has to change the world.
3. Put the hours in.
4. If your biz plan depends on you suddenly being "discovered" by some big shot, your plan will probably fail.
5. You are responsible for your own experience.
6. Everyone is born creative; everyone is given a box of crayons in kindergarten.
7. Keep your day job.
8. Companies that squelch creativity can no longer compete with companies that champion creativity.
9. Everybody has their own private Mount Everest they were put on this earth to climb.
10. The more talented somebody is, the less they need the props.
11. Don't try to stand out from the crowd; avoid crowds altogether.
12. If you accept the pain, it cannot hurt you.
13. Never compare your inside with somebody else's outside.
14. Dying young is overrated.
15. The most important thing a creative person can learn professionally is where to draw the red line that separates what you are willing to do, and what you are not.
16. The world is changing.
17. Merit can be bought. Passion can't.
18. Avoid the Watercooler Gang.
19. Sing in your own voice.
20. The choice of media is irrelevant.
21. Selling out is harder than it looks.
22. Nobody cares. Do it for yourself.
23. Worrying about "Commercial vs. Artistic" is a complete waste of time.
24. Don�t worry about finding inspiration. It comes eventually.
25. You have to find your own schtick.
26. Write from the heart.
27. The best way to get approval is not to need it.
28. Power is never given. Power is taken.
29. Whatever choice you make, The Devil gets his due eventually.
30. The hardest part of being creative is getting used to it.
31. Remain frugal.