The Boston Globe has a long and intereesting article on what they call "The Entitlement Generation", which seems to be anyone born after 1975. It is somewhat critical of this group, pointing out things like "24 percent of college students in 2006 showed elevated levels of narcissism compared to just 15 percent in the early 1990s."
But it also praises this generation and points out how entrepreneurial they are. Although even there, the compliment is a bit back-handed. Key quote:
"All of this would seem to suggest that this generation, which is flooding into the workforce, will create chaotic, unpleasant, and utterly unproductive work environments that will drive many a good business directly into the ground. But there's another very real possibility. It may be that this much-reviled generation will revitalize the economy and ensure the prosperity of America for years to come. Painful as it sounds, in the not-too-distant future, we may owe a debt of gratitude to these narcissists."
I've had the opportunity to participate in a fair amount of research on Gen Y and young adults over the years. I've also worked with quite a few young enterpreneurs and young adults in Silicon Valley. Based on both my research and work experiences, I think the Entitlement Generation is a generation of enormous talent. They are smart, aggressive, innovative and make things happen. I wish I entered the workforce with their skills and abilities.
Yes they have big expectations - and yes they can be difficult to deal with - but they also have what it takes to deliver. Jeff Cornwall, the Director of Belmont University's Center for Entrepreneurship, calls them "the greatest entrepreneurial generation ever." We agree with Jeff.