Scott Galloway Describes the Tough Future Facing Gen Z | WSJ News

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  • Опубліковано 27 тра 2024
  • Rising costs of living and education have presented unique challenges for Gen Z. NYU Professor of Marketing Scott Galloway describes the inequities in opportunity and education young people face, while offering possible solutions.
    #Education #GenZ #WSJ

КОМЕНТАРІ • 1 тис.

  • @requisitewhim
    @requisitewhim 2 дні тому +13

    Scott Galloway is THE model of leadership we need in the world.

  • @CensoredMercy
    @CensoredMercy 4 дні тому +30

    the older generation no longer care about creating a better world that only their children will experience, instead exploit it as much as you can before you go

  • @Koliflower
    @Koliflower 6 днів тому +149

    I have listened to this man speak 3 or 4 times now on UA-cam. From occasion to occasion, he recites his info clearly, and precisely, and it doesn't change. He speaks with clarity, precision, and earnesty. And he speaks with evident, clear passion for the topic. As a 22 year old man in America, this boomer is fighting on my behalf and I will continue to support him every second. As of today, while I remain vigilant, I see Scott Galloway as a genuine person. Somebody else already said it, give him more airtime.

    • @DaDestroyer1986
      @DaDestroyer1986 4 дні тому +2

      His solutions can be very bad. No one ever questions his solutions to the problems. His solutions go unchallenged.

    • @junanougues
      @junanougues 2 дні тому

      ​Like what? Color blind affirmative action based on economic need and adversity? Kids voting at 63% like seniors rather than at 42% on a good year? Give a couple of examples, please.

    • @trancendental5373
      @trancendental5373 2 дні тому +1

      Be careful. I like what he says here but I have also heard him shilling for corporate America. Interesting guy to be sure.

    • @junanougues
      @junanougues 2 дні тому

      @trancendental5373 Well, that's his world-lens, for sure. What bothers me is that the immediate emergency besides the finance issues, and would argue far more critical, is Criminal Defendant One winning the election. Devastating for any kind of optimistic future that has to do with the climate emergency and democracy. Both far more potentially super catastrophic. And not one word or one anything about those two which would hurt young people far more because how can it be reversed? If we lose our democracy? If we lose our climate? Which we are already, losing climate AND democracy, are you freaking kidding me????

    • @Koliflower
      @Koliflower 2 дні тому

      @@DaDestroyer1986 I haven't learned enough about the topics to challenge his solutions, I would love to hear from you on what issues there are. However, this is a competent, decent human being (unlike most influencers and politicians) speaking thoughtfully on issues I care about. I will continue to back people of such character.

  • @vincem2759
    @vincem2759 14 днів тому +550

    I’m glad he admitted to NOT being qualified yet still got an opportunity for school.

    • @ELDTAdventures-tp9jy
      @ELDTAdventures-tp9jy 12 днів тому +11

      He turned out to be a fine progressive, even giving $100,000 to AOC . . .

    • @vincem2759
      @vincem2759 12 днів тому

      @@ELDTAdventures-tp9jy Just can't be black doing that...otherwise it's "DEI...durr durr....equality of outcome...durr durr...."

    • @kaushikvsmaniyan
      @kaushikvsmaniyan 10 днів тому +2

      So, do you think parents who did well of their own initiative should be forced to not give their children a good start?

    • @kaushikvsmaniyan
      @kaushikvsmaniyan 10 днів тому

      @@ELDTAdventures-tp9jy Ms. Clueless

    • @davidchin1828
      @davidchin1828 9 днів тому +2

      @@ELDTAdventures-tp9jy no one's perfect :)

  • @chadshumake3527
    @chadshumake3527 15 днів тому +651

    Finally someone who understands the issues through and through. Scott needs way more airtime.

    • @MagruderSpoots
      @MagruderSpoots 13 днів тому +10

      How do you know he understands the issues? Could it be that he just talks a good talk.

    • @incognitotorpedo42
      @incognitotorpedo42 13 днів тому +10

      @@MagruderSpoots What part of what Scott said do you think is wrong?

    • @MagruderSpoots
      @MagruderSpoots 13 днів тому +2

      @@incognitotorpedo42 I didn't say he is wrong, I'm asking the OP how he knows Scott understands.

    • @S62r
      @S62r 12 днів тому +1

      Gen Z is the richest generation yet

    • @blake8510
      @blake8510 12 днів тому +19

      @@S62rthat’s a good one. Go read about inflation, compound interest, and the boomer generation. Come back, and tell me again that gen z is wealthier.

  • @dougmciff9047
    @dougmciff9047 5 днів тому +22

    As a person that has a Masters license in Plumbing, I want to point out a number of states require 4 years of schooling at night, along with 4 years of 8 hours a day working to just become a Journeyman plumber. This also true of a number of trades. We don't just show up and are trained on the job and i hope Scott Galloway understands this. The reason it takes 4 years, is there is a lot to learn both in school and in field working. One of the greatest blessings that has been for working in a trade, is can fix 95% of any issues in my home. I really like Scott take on where we are going. Average age of a tradesman is 45. If people think plumbers are expensive now, wait until there is the work force has shrunk more and the cost of labor has really gone up. Average journeyman plumber is making between $40 to $60 per hour depending on the state they work.

    • @alexsmith-ob3lu
      @alexsmith-ob3lu 2 дні тому +3

      Very well said!
      I’m a journeyman electrician and turning 27 years old in two months. An apprenticeship in a skilled trade is not an easy pathway as most people would like to believe. You are spot on with the schooling, field experience, and all the overtime required.

    • @txbre8758
      @txbre8758 2 дні тому +2

      YES.
      My brother is a mechanic and it’s similar for him

  • @lornforlorn4867
    @lornforlorn4867 9 днів тому +114

    If employers complain there is a shortage of trained workers, train more people. Dude makes sense.

    • @bradwhitt6768
      @bradwhitt6768 7 днів тому +11

      in 1970 we used to give new workers on average 2-4 weeks training. Today we give employees about 5 days training before we fire or determine if they will work out.

    • @grsafran
      @grsafran 5 днів тому +1

      These companies and others want American Taxpayers to do and pay for it .

    • @shaymalchione809
      @shaymalchione809 4 дні тому +4

      I got certified in a new field & never got a job cause every place wanted year’s experience. I would ask how’s anyone new supposed to gain this experience? Nothing. Common sense is gone.

    • @zoner__
      @zoner__ 3 дні тому

      Most workers are too lazy.

    • @alexsmith-ob3lu
      @alexsmith-ob3lu 2 дні тому +2

      Most employers have forgotten what it means to compete for workers. Employers just want to hire someone with 10+ years work experience who is willing to work for cents on the dollar.

  • @jasonhoman6525
    @jasonhoman6525 11 днів тому +185

    It’s insane how on point he is

    • @chrishayes5755
      @chrishayes5755 8 днів тому

      He's a smoke screen. Let me break down the game for you. It all comes down to this: political corruption. Ok? Get it through your heads. It's not "the boomers", it's "the VOTERS", it's "the politicians", it's "the lobbyists", it's the "multinational mega corporations" seeking to control, it's the "old money families" aka the hidden hand, it's the "foreign states" and "globalists" who want to draw your power and wealth out into the world. Nationalism has been demonized because it focuses all the power and wealth internally.

  • @Burnenwhysee
    @Burnenwhysee 15 днів тому +259

    This guy is a rockstar. I met him last month at his book signing. Few people speak this much truth.

    • @edum.6353
      @edum.6353 14 днів тому

      you're right, millenial

  • @glassglowz
    @glassglowz 13 днів тому +134

    Finally someone is clearly articulating the rot in society.

  • @debraschwicht9741
    @debraschwicht9741 9 днів тому +39

    Hurray for pointing out the need for vocational training/certifications!! SO many areas of our society struggle mightily to fill the need for skilled workers!! I’ve observed the respect that vocationally-trained individuals get in Germany. They make a good living and people don’t give them grief for not going to Uni!
    Our society (American) needs to adjust our attitude and not be such snobs!

    • @kwyatt261
      @kwyatt261 6 годин тому +1

      The American Bourgeoisie sickens me as a rural poor person, and that's the representation that gets looked upon by the rest of the world. Rich vs. Poor is a tale as old as time itself.

  • @michaelhowell5215
    @michaelhowell5215 12 днів тому +111

    Realness, intelligence and anger. It wells up beautifully in this man. It gives me hope

  • @SantiagoRomero-cr1kv
    @SantiagoRomero-cr1kv 11 днів тому +86

    He's actually a professor I would be happy to have if I were to study marketing in college

    • @Nicole-yy1kn
      @Nicole-yy1kn 18 годин тому

      He doesn’t know anything himself

  • @eldonphukuile
    @eldonphukuile 13 днів тому +163

    I’m South African, now living in Canada. Scott Galloway is becoming my new HERO!

    • @timfronimos459
      @timfronimos459 12 днів тому +2

      Why what did he say of any importance?

    • @jose98937
      @jose98937 11 днів тому +3

      Is he?? Watch your wish

    • @aimhigh3701
      @aimhigh3701 11 днів тому +1

      Boet, come back to SA.

    • @user-pi1kn8dg2s
      @user-pi1kn8dg2s 11 днів тому

      Even with his pro-zionists propaganda?

    • @Zeegoner
      @Zeegoner 10 днів тому

      Listen to the 2nd half

  • @The.world.has.gone.crazy...
    @The.world.has.gone.crazy... 8 днів тому +33

    I am 42 and finally able to buy a house becouse the cost is so big compared to my parents generation. I am even saving extra for my children so they can buy a house later in life. This man is spot on. Much respect from western Europe.

  • @quikslvr01
    @quikslvr01 14 днів тому +212

    Thank you finally a boomer that understand because he actually did his research 😅

    • @imperialmotoring3789
      @imperialmotoring3789 14 днів тому +3

      Galloways head is full of boom boom.

    • @GabrielGakwaya
      @GabrielGakwaya 13 днів тому +16

      Gen x

    • @tres5533
      @tres5533 13 днів тому +13

      He's not a Boomer, he's a Gen-Xer. I know we have the same age.

    • @deborahlarson2650
      @deborahlarson2650 13 днів тому +2

      Your statement is segregating

    • @incognitotorpedo42
      @incognitotorpedo42 13 днів тому +9

      @@tres5533 Scott was born November 3, 1964. Boomers are considered to be people born from 1946 to 1964, so he's a boomer by a scant 7 weeks. Almost an X-er.

  • @NPC-yb3rw
    @NPC-yb3rw 9 днів тому +12

    This dude is absolutely torching the contemporary liberal orthodoxy, as a liberal. Finally. Finally. Conservatives can talk to we’re blue in the face, but until heroes like this step up, nothing will change.

    • @paulcolburn3855
      @paulcolburn3855 2 дні тому

      Nothing is going to change. Liberals heard him, but didn't listen to him. And when he was done, no one clapped. That is because, well, they have everything to LOSE if they implement the policies that he is espousing. He asks in the Ted talks, do we love our children? Largely, the answer is no. And largely, the reason why is something that Scott Galloway would never admit: we've lost God.

  • @jgg204
    @jgg204 10 днів тому +10

    Ban investor purchases of single family homes. Period. Even small mom and pops. No more investors buying single family homes

    • @justinbarron5885
      @justinbarron5885 2 дні тому

      Or better yet, increase the supply of homes by getting rid of insane bureaucratic laws that boomers demanded to "protect their investments".

    • @MrCiaranm
      @MrCiaranm День тому

      No, that is just a band-aid. Increase the number of houses, and those investors will quickly get out of the housing market. House should be places to live and raise a family, not investments.

    • @jgg204
      @jgg204 День тому

      ​​@@MrCiaranm wrong, the problem can no longer just be built out of. It's wishful thinking and naive. Before we start increasing density, ban investors first. Then we can see where the supply and demand falls to know how many homes to build. Until you remove the investors out from the equation, you haven't done anything

  • @dylanfgarrison
    @dylanfgarrison 15 днів тому +250

    I really hope he’s setting himself up for a presidential run.

    • @billusher2265
      @billusher2265 14 днів тому +22

      A podcaster courting the group who votes the least by criticizing the group that votes the most? That won’t work well.

    • @fieldsy6642
      @fieldsy6642 14 днів тому +2

      @@billusher2265as if timing isn’t a factor in this hypothetical?

    • @Rej-gc5zi
      @Rej-gc5zi 14 днів тому +15

      He's a good speaker and he has good ideas. I don't know if he would be a good president, it's a different skill set managing the politics of it all

    • @Will-fr9hg
      @Will-fr9hg 14 днів тому +8

      @@Rej-gc5ziDon’t forget we had an actor as president at one point and a lot of people loved him.

    • @TheArchie1112
      @TheArchie1112 14 днів тому +5

      Been listening to Scott for years and never would have liked myself to have thought he could run for pres, but with the situation as it is - he is a very strong potential candidate, and a really great guy. I look up to him a lot, all the way from New Zealand.

  • @Web3Future333
    @Web3Future333 12 днів тому +59

    A boomer that actually cares about future generations is a rare sight.

    • @fatmonkey4716
      @fatmonkey4716 6 днів тому

      When you only listen to be a victim, you aren't able to hear the solutions. Stop ignoring things that are hard and do the work to get what you want.

    • @zapkvr
      @zapkvr 4 дні тому +2

      Yeah he isnt a boomer

    • @bin31zz
      @bin31zz 3 дні тому

      Nah, he just panders to the youth to make money, think about it this way, he's a boomer that self admits to have all the boomer privileges telling people that his generation has taken advantage of, how unfair he has treated them...hmmmm...maybe speak through action more than words?

    • @Web3Future333
      @Web3Future333 3 дні тому +1

      @@bin31zz hes literally worth more than 100million usd from his businesses, internet income is irrelevant to him

    • @ttru4426
      @ttru4426 2 дні тому +1

      Yeah hes not a boomer 😂😂😂

  • @biashacker
    @biashacker 13 днів тому +24

    Nothing is going to change.....,

    • @charleskaplan3567
      @charleskaplan3567 13 днів тому +12

      Exactly. Scott will do the rounds, get paid for it, and those with power will ignore him and go on business as usual and forget it in favor of their next trendy tv series about people as wealthy as the speaker.

    • @biashacker
      @biashacker 13 днів тому +4

      @@charleskaplan3567 They deleted my last comment. America with all its talk about rights, freedom, and constitutional rights, entities, like WSJ sure have a hard time with the truth. I dare not criticize the great "Scott Galloway." As a veteran that thank goodness does not live in the hypocritical country of America any more, this is typical.

    • @charleskaplan3567
      @charleskaplan3567 13 днів тому

      @@biashacker Well these, "thought leaders", are all that these corporations have in order to keep people working for underpaid jobs in inflation economies. Nothing can be done. They own everything even thought.

    • @DefenestrateYourself
      @DefenestrateYourself День тому

      Defeatism doesn’t make you smart or interesting

  • @Cosmosisification
    @Cosmosisification 14 днів тому +105

    I'm 33, at 18 my mom told me to go to college or get out. I was forced to go years before I was ready and now I can't go back because I'm $10,000 in debt. I've tried 6 times to go back to college and no one will accept me just because I have debt I can't pay back.
    I'm currently IT for NASA.

    • @robertlee8805
      @robertlee8805 13 днів тому +8

      That's Awful. NASA. How'd you get in there if... you're trying to get your masters?

    • @Starfish2145
      @Starfish2145 13 днів тому

      That stinks …I hope your student loan gets forgiven.

    • @Starfish2145
      @Starfish2145 13 днів тому

      @@robertlee8805 you don’t need a masters degree to work in IT

    • @sp123
      @sp123 13 днів тому +2

      you can still do well without a degree, but your ability to get promoted or job hop is capped significantly

    • @MichaelBohemian
      @MichaelBohemian 13 днів тому +2

      Same exact store except $60k in debt working of NASA. No college degree tho. Just 148 credits

  • @MegaAugstar
    @MegaAugstar 13 днів тому +75

    I seriosuly do not understand the hate revolving around Scott, he's so spot on it hurts!

    • @williamyoung9401
      @williamyoung9401 12 днів тому

      He's trying to take away all the money the Boomers stole! Of course they're going to hate on him.

    • @thecount1001
      @thecount1001 11 днів тому +3

      what hate.

    • @tedlasso5876
      @tedlasso5876 11 днів тому +2

      I don't think he is wrong. But he also isn't overlaying enough of his thoughts with monetary and fiscal policies. Those are the root causes of so much of what he observes. And the US isn't unique in that regard by any means.

    • @johndeaux3703
      @johndeaux3703 11 днів тому +4

      Scott voted for all of this. He will vote for it again and again in every election.

    • @tuckerbugeater
      @tuckerbugeater 11 днів тому +1

      @@johndeaux3703 he won't suffer a bit

  • @MrMorokiatt
    @MrMorokiatt 10 днів тому +11

    Mr Galloway has it right. We need to make things easier for young people and encourage a better future for them. Im 72, and my kids have done well, but I see many that arent. Those who don't succeed in life only cost us in heartbreak, grief, and loads of money. Whats wrong with thinking about our young people for a change.

  • @TheMushroomOfficial
    @TheMushroomOfficial 13 днів тому +39

    His TED Talk was so on point!

    • @joebrown9965
      @joebrown9965 12 днів тому +5

      It sounds like he memorized it. This is almost word for word, the same as the TED talk.

    • @njpme
      @njpme 10 днів тому

      ​@@joebrown9965right

  • @costrow3100
    @costrow3100 9 днів тому +12

    Actually our most lucrative businesses need to apprentice young Americans. We need to incentivise these programs without all the crazy college debt.

    • @sustainablerenewableintegr8311
      @sustainablerenewableintegr8311 9 днів тому +1

      The accreditation agency will never acknowledge the direct competitor of the existing racket. Figure out how to bypass this "toll collector"

    • @ttru4426
      @ttru4426 2 дні тому

      Strippers & Drug dealers found a great way to supplement thier income while in college they paid thier tuition, rent ,cars,and some party favors at the same time maybe its time to get creative after all this is America its time to start thinking iut aide the BOX "LAW" 😂😂

  • @timezero5949
    @timezero5949 14 днів тому +34

    I knew GenZrs were checked out and gone when i saw the videos that surfaced online after the travis scott concert... Seeing kids singing and dancing around scores of dead bodies(their own peers), and seeing they are that desensitized to death, without even being in a war zone, is horrifying. Im legitimately fearful of what America is going to be like in the near future.

    • @timezero5949
      @timezero5949 14 днів тому +1

      🙏💒 pray for GenZ

    • @greggoat6570
      @greggoat6570 12 днів тому +16

      Your prayers are worthless. God won’t save us.

    • @misssadied193
      @misssadied193 9 днів тому +2

      ​@@greggoat6570 Unless you are a Believer in the Gospel, believe in their heart that Jesus is God's son and paid the price for each person's sin, and accept that He is Savior and King. Surrender to him and he will answer you.

    • @frarfarf
      @frarfarf 8 днів тому +1

      And travis Scott got away with it completely cos money. And people just kept stanning him anyway

    • @ummmummm563
      @ummmummm563 3 дні тому

      *'Stan'ing​@@frarfarf

  • @JohnHobitakis
    @JohnHobitakis 13 днів тому +48

    Scott thank you for paying your taxes!! That's a flex I can appreciate.

    • @williamyoung9401
      @williamyoung9401 12 днів тому +3

      Paying your taxes isn't losing...it's patriotic.

    • @robgrey6183
      @robgrey6183 11 днів тому +8

      My taxes go to Ukraine, Israel, defense contractors, and illegals.
      I'm done paying.

    • @Ericwolf520
      @Ericwolf520 10 днів тому

      Taxation is theft

    • @techno1386
      @techno1386 8 днів тому +1

      And he’s been teaching practically for free for the last 20 years

    • @CaraMarie13
      @CaraMarie13 4 дні тому

      And being happy to be paying those taxes. The fact that we are using our taxes to make a selective group rich is not the IRS fault. It's our politicians who are happy to show off their for sale signs.

  • @searchingfortruth619
    @searchingfortruth619 14 днів тому +40

    This is the kind of perspective we need to bring to the table. It encourages discussion across the aisle.

    • @Bradimoose
      @Bradimoose 12 днів тому +1

      Both sides of the Aisle are 80 year olds so nothing changes.

    • @fatmonkey4716
      @fatmonkey4716 6 днів тому

      ​@@BradimooseWhen the younger gens act like idiots, they don't deserve leadership.

  • @evelynlust2747
    @evelynlust2747 8 днів тому +4

    Galloway knows that training in the trades is a great path.

  • @JoshuaCarter-hl7nc
    @JoshuaCarter-hl7nc 3 години тому

    I love hearing this guy. Finally someone that understands and makes sense.

  • @danwalker4064
    @danwalker4064 9 днів тому +6

    Respect the way Scott thinks these issues through

  • @marciamakoviecki3295
    @marciamakoviecki3295 11 днів тому +4

    A typical student on our State U campuses is paying $3k+ a month for tuition and shared housing/food and generally is lucky to make $1000 a month in income from a student or retail job.

  • @jameshoulihan84
    @jameshoulihan84 11 днів тому +17

    This is the best thing I’ve seen in ages

  • @jasonhoman6525
    @jasonhoman6525 11 днів тому +8

    This is the first time I’ve seen him mention ranked choice or a different voting method. And mentioning how little younger people’s votes are without money as leverage. It’s amazing seeing him dig deeper and evolving his message. He may be the only adult that understands the young population. (Look into STAR voting please).

  • @marissadower-morgan3313
    @marissadower-morgan3313 6 днів тому +2

    College should be free , also Trade Schools . This benefits everyone . We need more Nurses and Dentists and Doctors .

  • @omargaiyasudeen9406
    @omargaiyasudeen9406 8 днів тому +16

    My man here admitting that it's an intergenerational / class centric conflict of interest in the western world today. He's saying the quiet part out loud and should absolutely be lauded for having the courage to do so.

  • @realestatejunkie0414
    @realestatejunkie0414 13 днів тому +7

    Something to add onto the young people starting behind because of student loan debt. It also happens with healthcare because having a baby is so expensive and medical debt is another thing that is exacerbating the problem for young people just trying to do normal life events (going to college, having a family, buying a house)

  • @Remcore020
    @Remcore020 5 днів тому +2

    He hits the nail on the head. I dropped out of school at 17 and started working. It took me approximately 10 years to get to the same level as my peers who went to college. However I have no debt, which enabled me to buy a house where a lot of people I know struggle. I feel I do not have much to look forward to in the future just like the rest of my generation. We have all been told go to college to win at life, yet most college graduates work mediocre jobs for mediocre pay and people who actually learned a trade get paid much better due to simple supply and demand. The world needs mechanics, plumbers, carpenters, nurses. We cannot live in a world of just doctors and lawyers.
    I hope it will get better but I am quite confident things will get much worse before they get better

  • @tsrocks2029
    @tsrocks2029 7 годин тому

    As a millennial I’ve found the most peace by finding purpose and happiness in life. My friends who have chased money and success, it’s very draining and you may hate yourself when you don’t succeed, when it’s mostly a problem with the world, not you. I don’t make the most money but I help people everyday, I don’t work under crazy politics, I help my community and I’m part of the change I want to see in the world. My husband has a similar job as well. We don’t sit at desks building technology , making tons of money by harming the world. I rather be broke and make a positive impact , than make a bunch of money doing something I disagree with. I don’t have a house, my future is uncertain, but feeling purpose and love for my job everyday heals my soul and makes it much easier to navigate this collapsing society we live in.

  • @Dj2FrSh
    @Dj2FrSh 11 днів тому +14

    THANK YOU for speaking for the millions of young people who have no voice or influence.

  • @Not.a.bird.Person
    @Not.a.bird.Person 11 днів тому +4

    He's on to something but he really didn't answer any of the question of : Why should we push more people into colleges if there is a surplus ''education'' crisis? That question went straight over Galloway's head. The bottom line is : half the problem is not that people don't have access to college, it's that too many are afforded to think they do without reasonable payoff for degrees that are worth nothing and are only ideological indoctrination. Those useless degrees are of course the most profitable for universities because there is no fundamental requirement and investment required into selling them, only having someone brain dead enough to teach it. The other half of the college problem is that for them to have such massive endowments, they need to surcharge students by massive margins, otherwise there is no money to pour into it.
    Here's a suggestion : An institution receiving taxpayer's money should not be able to be operated like a for profit hedge fund selling classes and taxpayer's money needs to come with very strict strings attached related to pricing and the usefulness of degrees. Student loans should also be directly tied to the ability of the borrower to repay using their degree, it is insanity that anyone could take on any amount of debt for any type of degree.
    Here's another suggestion : Massively fund trade schools with the same principles. There needs to be much more thought put into the priorities of what type of education actually matters and pushing people into those avenues instead of selling some liberal arts degrees.
    This is only covering education though. Half the other problems Galloway mentionned have nothing to do with education and he definitely has a point about the generational wealth transfer from young to old. Society has become a ponzi scheme for the old.

  • @LizzieWilson-jj4tf
    @LizzieWilson-jj4tf 2 дні тому +1

    this dude is an absolute hero

  • @ideaWorld403
    @ideaWorld403 14 днів тому +19

    It's shameful how the younger generations have been forced to work their butts off, done the right thing in getting educated or skilled, and may still struggle to obtain a middle class life. Further to that is the investment in to the very young- toddlers and k-12. Its shameful that you have to have rich parents to have a shot at a comfortable life. Older folks need to wake up and really understand the legacy they are leaving their kids and grandkids.

    • @fatmonkey4716
      @fatmonkey4716 6 днів тому

      The older gens found what worked. What's your problem?

    • @justinbarron5885
      @justinbarron5885 2 дні тому

      ​@@fatmonkey4716 By "found what worked", you mean they voted for politicians that gave them massive government handouts at the expense of younger generations?

    • @albertprazolam4341
      @albertprazolam4341 День тому +1

      I didn't have rich parents. Work harder.

  • @SirRengoku21
    @SirRengoku21 10 днів тому +5

    I agree with mainly everything this guy says. The only thing I’ll add is that we have relied too much on the government to solve our problems but it will be in our homes where the future is made secure. The government takes more and power because we have depended on them more and more to fix what has been the result of the decay in our morality.

    • @sustainablerenewableintegr8311
      @sustainablerenewableintegr8311 9 днів тому

      Usually, the government is the root cause of most of the nation's problems. It's definitely NOT the solution! Why should a bureaucrat of a department that's set up to solve a problem actually solve the problem hence eliminating its reason to exist?

  • @Starfish2145
    @Starfish2145 13 днів тому +26

    I agree with everything he’s saying except Social Security. I have worked since I was 16 years old and and I am owed every dime. This being said, wealthy people who don’t need it should not take it. Scott Galloway is extremely wealthy so he doesn’t understand that the vast majority of American seniors need Social Security to survive.

    • @Maxis196
      @Maxis196 12 днів тому +15

      you and him actually agree/have the same idea so i think you misunderstood.

    • @PurpleMonkeyDishwasher88
      @PurpleMonkeyDishwasher88 11 днів тому +3

      If you listen to other videos where Scott talks about Social Security, he specifically mentions about the wealthy not taking it, and that they should tax more higher income levels to fund it.

    • @GhostSal
      @GhostSal 10 днів тому +5

      Agreed, his SS take is nonsense!
      Social security isn’t transferring wealth from young to old, it isn’t an “entitlement” as many likely to claim either. It’s something we all pay into till we can retire and then if we live long enough to retire… we can get some of what we put in back. So if you start working full time at 18 and retire at 67 (the current full retirement age), that’s nearly 50 years, just to get maybe some back maybe 10 to 15 years.
      Those years are also the years we are likely to be dealing with health issues, so it’s hardly “golden years”.

    • @leonie563
      @leonie563 10 днів тому

      Living to 100 How can we afford it? (WEF). Look for the table about Unfunded Liabilities. Everyone it says it all really. The World Leaders are moving away from the 1940s era Welfare State. Time to plan to live well now because past 50 looks pretty f#@$ed.

    • @gmoney0987
      @gmoney0987 9 днів тому

      SS is set to be insolvent by 2043. So, in 10 years it’s pretty much gonna start going by the wayside. The only way people are getting it now, is by the people who are currently paying into it. Then it runs out for the next generation??
      Stop sending American tax dollars overseas- problem solved

  • @PlayfulJoyful
    @PlayfulJoyful 2 дні тому

    This is soooo true. So thankful for someone in his generation telling the truth

  • @carlosjimenez630
    @carlosjimenez630 7 днів тому +2

    Run for President Scott, you have my vote.

  • @Kevin_40
    @Kevin_40 14 днів тому +54

    people need to stop striving to become wealthy and a millionaire. this greedy mindset is the number one problem with the world and why younger generations are being neglected.

    • @troypropes1182
      @troypropes1182 14 днів тому +16

      TRUE. Community is what we are truly missing.

    • @VinsLeMans
      @VinsLeMans 13 днів тому +11

      Issue is, that being a millionaire is the only way to live a comfortable life. It seems the cost of living has adjusted to reflect millionaires lifestyle only. If you’re an average Joe working a normal job you’re pretty much living in abstract poverty. It wasn’t like this 50 years ago

    • @Kevin_40
      @Kevin_40 13 днів тому

      @@VinsLeMans i'd rather be in poverty than particpate in a rat race to make more money than the next guy, the only way people become wealthy is if people below them get taken advantage of. directly or indirectly. its usually indirectly

    • @florentin4061
      @florentin4061 13 днів тому +4

      Well how you do you subtract wealth as a value system from an culture that was formed based on wealth and exploitation?

    • @sullathehutt7720
      @sullathehutt7720 12 днів тому +1

      ​@@florentin4061
      Exactly. The USA is an imperial astro-turf casino country.

  • @EcomCarl
    @EcomCarl 14 днів тому +23

    👏 Scott hits the nail on the head! It's time for society to address the unfair economic treatment of young people and advocate for policies that promote intergenerational equity and opportunity. Let's work towards a future where everyone has a fair shot at success and prosperity.

    • @MagruderSpoots
      @MagruderSpoots 13 днів тому +2

      Because communism has worked out so well?

    • @cdavidlake2
      @cdavidlake2 12 днів тому +3

      Gen Z could start by saying no to useless degrees.

    • @darbyheavey406
      @darbyheavey406 12 днів тому

      The free market? No war? No draft? Most young people pay no income tax. 12 years of public education?

    • @iverbrnstad791
      @iverbrnstad791 12 днів тому +2

      @@MagruderSpoots That's completely irrelevant, but yeah, communism has been working well. China is running state capitalism like Marx prescribed, and they're running laps around the west.

    • @MagruderSpoots
      @MagruderSpoots 12 днів тому

      @@iverbrnstad791 China LOL. Buildings are falling down in China, bridges are falling down in China, concrete is being reinforced with bamboo made to look like steel rebar in China, people take oil out of the sewers (gutter oil they call it) and cooking with it, governments are corrupt at every level, demographic collapse is coming for China, environmental standards are non-existent.
      And there is no such thing as state capitalism. And Marx suggested no such thing.

  • @peaceness888
    @peaceness888 День тому

    Scott Galloway -- agree that it is a forward-leaning policy that we need. Our country has gotten really good at borrowing from the future to pay for the present. We need a perspective and policy shift. It will help our youth.

  • @natheria4933
    @natheria4933 День тому +1

    Millennials are largely educated in college. So much so that the labor market became oversaturated with too many college qualified individuals. Gen Z however is indeed declining in college attendance. The main reason for that is a lack of financial security for it, and a growing belief that the value of degrees is declining. Which for many careers it is. Many jobs are beginning to lose college degree requirements now for this reason. Yet, that still screws the younger generation simply because it takes away negotiating power for better wages. Ultimately still resulting in exploitation, and financial struggle for the majority of people.

  • @rustyyb8450
    @rustyyb8450 14 днів тому +12

    @ 7:00 he says the U.S. spends the least per capita of any nation in the West. The National Center for Education Statistics lists expenditures per ffull-time-equivalent student for elementary and secondary education by OECD countries. Luxembourg in 2019 spent $25,600 per student and is the highest spender. Second is Norway, spending $18,000 per student. Tied for third place is Austria & S. Korea, spending $15,500 per student. Fourth is the U.S. spending $15,500 per student. Trailing behind is Iceland, Belgium, Australia, Sweden, Germany, Netherlands, United Kingdom, Denmark, Canada, France, Finland, Italy, Czech, Japan, Portugal, Slovenia, Ireland, Spain, Israel, etc...

    • @Terrranfear
      @Terrranfear 12 днів тому

      I'm not sure what he was referencing exactly there either. Your right about education. Maybe he was claiming in total relative to other services?

    • @sharpasacueball
      @sharpasacueball 6 днів тому +1

      US public spending on child care is definitely the lowest. More than 97% lower than the OECD average last I checked

  • @chrissmith7686
    @chrissmith7686 11 днів тому +13

    We need people who are more concerned about their children and grandchildren than they are about themselves.

  • @ehstronghold
    @ehstronghold 4 дні тому +1

    3:39 Galloway hits it on the nail as to why there's so much unnecessary (in my opinion) strife over college admissions, who gets in and who doesn't get in. Since colleges, politicians have made the consciousnesses decision to ensure that the number of college admissions doesn't keep up with population growth in a society where students are drilled from day 1 of kindergarten it's college or bust, everyone is fighting over a shrinking slice of the pie.

  • @amittikare7246
    @amittikare7246 15 днів тому +32

    Great Interview, spot on & unwavering. reminds me of the Jeff Daniel's monologue from HBO's newsroom pilot.

  • @pictureworksdenver
    @pictureworksdenver 14 днів тому +32

    Galloways message resonates because every word of it is true.

  • @ltp27345
    @ltp27345 8 днів тому +3

    yeah this feels right.. it is scary, I see my generation getting discouraged .. but getting resentful distracts me while I need to focus on the opportunities I still do have. I don't know that the changes he suggests would ever happen! what if no one is coming to the rescue

  • @roadtrip2943
    @roadtrip2943 3 дні тому

    The experts never talk about keeping interest rates near zero for over a decade and the subsequent effects

  • @DerekBlackwell-km8mh
    @DerekBlackwell-km8mh 2 дні тому

    God, This man needs to be in Congress.

  • @KelsR58
    @KelsR58 4 дні тому +3

    Younger millennial. Bit the bullet and bought my home in 2021, because it was so much more expensive to rent. Previous owners bought it for $250k ten years ago. Did zero work or updating on it. I got it for $700k and that was UNDER the market value. It's not a great house, its four walls and a roof and has a furnace. I'm never gonna retire or have a kid and I'll be housepoor forever, but at least I'm not renting from a corporate slum lord, I guess? I should have bought a home in 2009 like all my elderly coworkers keep saying, but I was literally a child so that makes it a teensy bit more difficult. So yeah, what's the point of anything?

    • @duancoviero9759
      @duancoviero9759 Хвилина тому

      ouch, i hope the house doesn't become a burden for you with all the taxes and insurance issues we have going on this country. I bought my first place in 2010 for 150k (a townhouse) and then 305k in 2016 (single family). I can't imagine the costs of 700k right now, it's giving me anxiety.

  • @soniaprovard8259
    @soniaprovard8259 12 днів тому +4

    I get what he’s saying regarding SS, but he isn’t liking at the bigger picture of people “his age”. I’m a 60 year old woman who was married and raised 4 great kids. My husband of 32 years divorced me & lied about the value of his company. I work to live and If I don’t have SS to look forward to I might as well end my life. He is right about one thing though; the #1 cause of divorce isn’t infidelity - it’s MONEY and greed!!

    • @k_something6124
      @k_something6124 9 днів тому

      You didn’t get what he was saying. Go back and listen to

  • @blafonovision4342
    @blafonovision4342 4 дні тому +1

    The first time kids did not do as well as their parents was Gen X.

  • @Bradimoose
    @Bradimoose 12 днів тому +2

    in April 2020 was my net worth was $124,000. Today its $265,000. I only own stocks.

  • @garywhitt98
    @garywhitt98 11 днів тому +8

    Social security to seniors isn’t a gift. It is returning the money of people who gave it plus the interest that money earned.

    • @Zucchini-official
      @Zucchini-official 9 днів тому +4

      Agree. I've been paying this for 20+ years. Giving it back to me isn't a transfer of wealth, it's repaying what they took

    • @justinbarron5885
      @justinbarron5885 2 дні тому

      The government didn't take your money and store it in an interest-bearing account for you: They took some of your money and immediately handed it to some seniors at the time you earned it. Now the only way to earn "interest" is to demand that young people hand you even more money than you yourself handed away previously. What could possibly go wrong with such a system?

    • @garywhitt98
      @garywhitt98 2 дні тому

      @@justinbarron5885 You have explained “what is done” with my money while the topic under scrutiny was “why it is my money” and not a “transfer of wealth” as the professor states in the video. Had the government not taken my money, I would have invested it in an interest bearing account. That is what is rightfully owed by those who took it. It wasn’t a gift. It was mine, taken from me with a promise from my government to return it with interest. What they have done with my money does not negate the promise or what is owed.

  • @TheDanHK
    @TheDanHK 14 днів тому +6

    Amen Brother! Preach!

  • @JJs_playground
    @JJs_playground 11 днів тому +2

    Scott Gallaway is the hero we need.
    I agree with everything he said minus the Israel stuff.

  • @Lana2cute4u
    @Lana2cute4u 13 днів тому +2

    Scott Galloway is changing the world for the better

  • @byduhlusional
    @byduhlusional 12 днів тому +4

    The reality is a lot of these universities have incredible administrative bloat. I got into a public university that had a $1B endowment (tbf a lot went to research) and barely had any scholarships available. I had to withdraw and go to a tier 2 university. There is so much cost cutting that could happen at most universities that would make it so students don't have to fork over so much money. But a lot of universities operate as a research and hedge fund facility.

  • @bensanderson7144
    @bensanderson7144 14 днів тому +27

    I’m gen x and I felt screwed over by society 20 years ago.

    • @Kevin_40
      @Kevin_40 14 днів тому +10

      no. gen x had a chance to buy a cheap house in the late 2000s. most millennials never had a chance to buy a cheap house

    • @BaroloBartolo
      @BaroloBartolo 13 днів тому

      Cry me a river honey I had to bust my a$$ at a T3 law school in the middle of nowhere simply to avoid taking out a quarter million in debt. Still a new homeowner by 32.

    • @bensanderson7144
      @bensanderson7144 13 днів тому

      @@BaroloBartolo where do u live, out of curiosity? by the middle of nowhere, you mean like flyover country?

    • @lorettakoch7408
      @lorettakoch7408 10 днів тому

      Well we learned early on that we can only rely on ourselves

  • @Fj8282haha
    @Fj8282haha 11 днів тому +2

    Scott is running for president within this decade…. U can tell by his age, wealth, ideology and motivation

  • @isaacengineer2280
    @isaacengineer2280 13 днів тому +2

    This interview was raw and needed. Scott is speaking FACTS!

    • @darbyheavey406
      @darbyheavey406 12 днів тому

      Scott voted for Biden…Biden sponsored the bill to keep college debt permanent. JOSEPH R BIDEN (MBNA- DELAWARE).

  • @danielrobertson8774
    @danielrobertson8774 9 днів тому +3

    Wow. I'm sending this by link to my kids. Amazing 👏.

  • @GurpreetSinghMadaan
    @GurpreetSinghMadaan 12 днів тому +3

    Would absolutely love to see relevant analysis like these in my country India.
    It is in the interest of the powers that be to keep the people blind

  • @mariematteson
    @mariematteson 2 дні тому

    Would love to see a lecture with Scott Galloway and Mike Rowe. Trades build infrastructure.

  • @chuckrogers5567
    @chuckrogers5567 9 днів тому +1

    He does a fine job of highlighting government failures.

  • @constancewalsh3646
    @constancewalsh3646 10 днів тому +14

    I'm 78 and work with millennials and GenZs. They are much more concerned with their love relationships than with politics or even paying the rent -- just as I was at that age. Soon enough paying the rent and their place in society will add to their concerns.
    This is my first introduction to Scott Galloway and I am deeply appreciative of his compassion and take on reality.
    My faith in the ability of the young ones to take on the world we've given them, for better and for worse, is stronger than my fears.
    Let us have strong shoulders to carry them onwards.

  • @PrettySure-jq5jn
    @PrettySure-jq5jn 11 днів тому +9

    I gew up extremely poor. My parent 's income was counted against me when applying for financial aid, even though they weren't helping me at all with college or any other assistance. So I had to wait til my late 20s to go to college and I still haven't been able to afford to finish my degree. I'm still paying off my loans from my AA. My friend's dad was a contractor. They had a swimming pool in their backyard. She got a Master's degree for free because she's a part of an ethnic minority.

  • @deborahlarson2650
    @deborahlarson2650 13 днів тому +1

    Wow. You have made many excellent points !

  • @chrisschene8301
    @chrisschene8301 День тому +2

    Make Harvard pay tax on their endowment

  • @randybrickson4290
    @randybrickson4290 14 днів тому +18

    Galloway blusters a lot about vocational training and disaffected males but despite being a business school prof doesn't address why markets haven't corrected the imbalances he has memorized for this recitation. That's weird.

    • @__redacted__
      @__redacted__ 14 днів тому +18

      Because markets in their purest form are a flawed construct. Show me a country that successfully went full libertarian, free of regulation where self-correction dictates everything, and I'll show you a country where people are happily living, complaint-free under a communist regime.

    • @SamuelLavoie
      @SamuelLavoie 14 днів тому +5

      No market are truly free of regulations since the 1840. And I don't think we want to go back to that era.

    • @kyleolson9636
      @kyleolson9636 14 днів тому +13

      Why does being a business school professor mean he would think an unregulated market would solve all things? That is a conservative talking point, not something most economists believe.

    • @kabulykos
      @kabulykos 10 днів тому +4

      He literally calls outs his industry (postsecondary education) as a cartel rather than a market. Its fight against market forces is exactly what he's criticizing.
      If you've ever met a grad student stuck earning poverty wages in a teaching role to prop up this new army of administrators, you'd understand

  • @1eevahn
    @1eevahn 14 днів тому +17

    Scott Galloway for President

  • @charleslash4895
    @charleslash4895 6 днів тому +1

    Social security is annuity . The people who paid into should get their money in the end regardless of if they have managed to become successful . If they don’t it’s just another tax .

  • @11th_Moon
    @11th_Moon 13 днів тому +2

    Great speech, great thoughts! Thanks for talking for young people's future

  • @bobclarke2242
    @bobclarke2242 12 днів тому +3

    Great perspective that includes personal story points

  • @thekingofbohemia1
    @thekingofbohemia1 14 днів тому +24

    Sorry, the LAST thing we need is 10,000 more Harvard grads. I need a plumber. An electrician. An HVAC guy. An auto tech.

    • @openhueblue6661
      @openhueblue6661 14 днів тому +4

      For real. Harvard grads be detached from reality, in favor of theory.

    • @TheElectronPusher
      @TheElectronPusher 13 днів тому +3

      Beginning at 13:06 he talks about that

    • @imanigordon6803
      @imanigordon6803 13 днів тому +9

      You want more HVAC guys pay them more money. No one wants to break their backs for pennies. That’s why there’s a dip.

    • @svalbard01
      @svalbard01 13 днів тому

      Yeah, he lost me when he characterized "all this BS anger over DEI is an incredible misdirect." (4:20)

    • @sp123
      @sp123 13 днів тому +2

      @@imanigordon6803 Trades pay too little and tear up the body.

  • @gretamoney8017
    @gretamoney8017 5 днів тому +1

    Our small suburban neighborhood in Utah just experienced its 4th teen suicide in 10 years. Gen Z level of despair is horrific! 😢

  • @tamaragorman7421
    @tamaragorman7421 10 днів тому +1

    Bravo WSJ!!! It's about time media went after the truth.

  • @cortezcabret9408
    @cortezcabret9408 14 днів тому +3

    BRAVO!

  • @610kclaf
    @610kclaf 12 днів тому +7

    I am soooo happy that there are more and more people out there being honest

  • @bellagrandic
    @bellagrandic 8 днів тому +1

    Scott. You might be my favourite person on the internet.

  • @LearnWithBellaMichelle
    @LearnWithBellaMichelle День тому

    wow. I really enjoyed listening to him speak some truth!

  • @SR-ti6jj
    @SR-ti6jj 14 днів тому +22

    This interviewer is enraging

    • @Stoddardian
      @Stoddardian 10 днів тому +3

      How? He asks legitimate questions.

  • @DDCrp
    @DDCrp 14 днів тому +10

    First class I took at college.... Leadership. I despised every minute following for the next four years. The most obnoxious, pro-hamas people on my social media today- 8 years after graduation- were the students who made that professor their advisor. Future squandered. I was so disenchanted with their "Salad bowl vs. Racist Melting Pot" first day lecture, that I didn't trust a single faculty member to be mine. Now I'm 30, just wasted my 20s paying off a Benz sized payment, and I need to go back to a real freaking school and, honestly, I'm tired of it all.

    • @incognitotorpedo42
      @incognitotorpedo42 13 днів тому

      SJWs suck. Sorry to hear you had that experience. BTW, no one is "pro-Hamas". I think if you checked, they'd be anti-genocide and anti-apartheid. They might be anti-Zionist.

  • @philiprobey7694
    @philiprobey7694 14 днів тому +2

    Amazing guest. I wish I had half as many keen insights and 1/10 of his communication skills

  • @paulstewart5794
    @paulstewart5794 12 днів тому +2

    Awesome. Thank you.

  • @incognitotorpedo42
    @incognitotorpedo42 13 днів тому +5

    Scott's an academic and he paid $14M in income tax? Wow.

    • @Winterascent
      @Winterascent 20 годин тому

      He does media appearances, sells books, and makes a ton not related to his actual job.

  • @Wise-up-already
    @Wise-up-already 13 днів тому +4

    Refreshing

  • @johnjay6370
    @johnjay6370 7 днів тому +1

    6:33 - NAILED IT!!!!! the meaning of living is not for us but our children!!!

  • @armorbearer9702
    @armorbearer9702 12 днів тому +2

    Perhaps it is time to let more vocational schools into high schools.