It's in Russian, there is no vocative case, which could probably formed such a word as молодеже. And even if there had been a vocative case it could not mean ei

It's in Russian, there is no vocative case, which could probably formed such a word as молодеже. And even if there had been a vocative case it could not mean either translation you've proposed. With vocative it would have been something like "It's technology, youth".