A Sign of Hope from The Brookings Institution?

Maybe there's a new generation better than ours on the horizon, maybe some hope for a less materialistic, more idealistic future?        John

Friends and Colleagues, 

A recent Intelligence Group study found that 64% of millennials would rather make $40,000 a year at a job they love than $100,000 a year at a job they think is boring. 

By 2025, millennials will make up 75 percent of the workforce. As such, understanding the generation’s values can offer a window into the future of corporate America and Wall Street. In a new paper, "How Millennials Could Upend Wall Street and Corporate America," Morley Winograd and Mike Hais take a closer look at millennials and their potential impact on Wall Street’s business-as-usual:

 

www.brookings.edu/Millennials&CorporateAmerica

 

Not only do millennials focus on corporate social responsibility, but their lack of trust in the financial sector indicates that Wall Street may be in for a “millennial reckoning”—especially if it continues to lose touch with a changing society. 

You can get a brief intro to the paper and learn more on our FixGov blog. 

Sincerely, 

Elaine Kamarck
Founding Director, Center for Effective Public Management
Senior Fellow, Governance Studies
@EKamarck

 


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