Male Speaker:The millennial generation is perhaps the most privileged, over-scheduled, inactive generation at least physically we have ever seen.
Taryn Winter Brill:Only 25% of American teenagers held summer jobs this year, the lowest percentage ever recorded. According to US census data, the number of young adults living with their parents is up nearly 5% since 2005.
Female Speaker: It seems like there is a time probably before I was born when you turned 18 and you are out of the house and that is completely different now.
Male Speaker: As a generation we are more dependent on like external factors such as the Internet, such as our parents.
Taryn Winter Brill:Even though the statistics are blooming, this generation’s tech cloud does have a silver lining.
Male Speaker:They know how to work with the world, they know how to connect with people, they know how to access information more quickly than any other generation in human history.
Female Speaker: – which is a click of a mouse away… is it easy or is it lazy.
Taryn Winter Brill:Most millennials would say it's just part of growing up. Taryn Winter BrillCBS News, New York.
Male Speaker:So much to talk about here, joining us now is the man known as the Gen Y guy, Jason Dorsey. He is the author of Y-Size Your Business. Good to have you with us again here Jason, good to talk to you.
Jason Dorsey:Thanks for having me back.
Male Speaker:So millennials --
Female Speaker:Let's understand this.
Male Speaker:No offense.
Female Speaker:Unfortunate, kind of way it was.
Male Speaker:They are not lazy but they sure do seem demanding. I want to talk about a recent CISCO study, and draw some numbers here on the board, 56% of current college students will not accept the job from a company that bans social media.
60% think they have the right to work remotely with a flexible schedule and one of three students prioritize social media freedom and device flexibility over salary.
Someone who deals with these generation-y people all the time when you see these numbers, do you want to just kind of say hey, come on! Let's get real.
Jason Dorsey:I know theirparents feel that way. Yeah, well this is what's interesting when we interview them they would rather be unemployed than take a job that they think is beneath them and this is a shock. I mean 20 years ago, if mom or dad said you go and get a job, you got the job and we are like I can't work today. It's Friday. It's just a totally different mindset and they use technology as a reason not to get a job, it's just another manifestation of this.
Female Speaker:Yeah or to turn down ajob, so what are businesses doing about this? Are they saying well, forget about it. We don't need you anyways?
Jason Dorsey:It's mixed. It depends on the talent that they are looking for. If it's say high-tech, if it's engineering, there is a real workforce shortage right now that's overlooked in all these unemployment numbers. We have the highest number of job postings in three years since before the recession and these highly skilled industries are really looking for millennials in Gen-y and so they are saying we will give you the smartphone, we will let you work from home, well bring your mom, it's fine. I mean you should be here on time.And so they are going out and recruiting differently.They are incentivizing differently. They are making more level organizations and they are giving these millennials a chance to make a difference from day one and that is what we really want more than title, more than money.
Female Speaker:But not to be confused, these Gen-y are not lazy people that they just have a different mentality, right. They are highly skilled.
Male Speaker:Well, some of them are lazy. [Cross Talking] I mean I have a lot of friends that haven't woken up yet, don't get me wrong, they are not looking for a job. [Cross Talking] but they do have adifferent work preference and what that means like yesterday I spoke to all these CEOs, and they said, Jason, your generation is great.They don't show up on time, but they stay late. At 2 AM they are sending emails or doing things on weekend.
Female Speaker: See so they are working.
Jason Dorsey:Yeah, they just work differently and that is the rub because people want us to work in the way in which they work and that doesn't fit this generation.
Male Speaker:But do a lot of companies say look we are not willing to warm up to these trends and does that hurt a lot of kids that are trying to get jobs?
Jason Dorsey:It does, it does. In fact, if I were to coach Gen-y millennials it would be to lower your expectations, get a job now because we know if you stay unemployed after high school or college graduation for a year, two or three years, it's much harder to enter the workforce. You got to take the jobs you can get now and get the experience, build your network, do these things that give you more options rather than saying well, I got to hold out, I am 28. I need to be a manager first, never worked anywhere, but I got to be in management.
Female Speaker:Yeah and you have to take into account too at some point mom and dad are going to kick you out of the house so you need to get a job.
Jason Dorsey:You would think that but it's not happening. That's what so amazing when we interview parents and ask them when you are going to get your kids to leave. We just did this on my Facebook page, the average response was the age 30.
Female Speaker:Well, maybe that's part of the problem. Get a man out of the house.
Male Speaker:My parents got me out of the house at 16, I want the hell that --
Female Speaker:Well that's a whole different story but –
Male Speaker:I remember that line in college, Christen, don't even think about coming home. Great to see you. Thank you. Enjoy the vacation. Good to have you with us.
Female Speaker: Thank you.