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Seems this article hand waves the increased cost of living, education, and inflated wages. Adjust for inflation and this generation will no longer appear rich.

by xyst 3y ago

Seems this article hand waves the increased cost of living, education, and inflated wages. Adjust for inflation and this generation will no longer appear rich. Also, this article cites there are “6000 Zoomer chief executives”. I wonder what it’s like to have a 20 yr old as a CEO. All my bosses/superiors/ceos have been decrepit old fools that need to be put out to pasture. Maybe it’s the same thing except a having a heightened or elevated sense of arrogance. High risk tendencies, and maybe their anxiety runs the company. I would hope they are more calculating though.

mchanson 3y ago
Dude all the numbers are normalized to after tax and inflation.
joenot443 3y ago
The oldest Gen Z are 27 in 2024, still very young but not exactly an unheard of age to be leading a company. Evan, Zuck, Bill, etc were considered pretty effective leaders at that point, but you’re right, their management style was certainly different from other CEOs. It does beg the question though, where all the Gen Z founders? I earnestly cannot think of a single one. Anyone have a name that comes to mind?
- alephnerd 3y ago
  > where all the Gen Z founders There are plenty of Gen Z/young Millenial (24-32) founders, VCs, and execs. We just deviate towards B2B SaaS now. I don't want to name names but most of YC's best startups are B2B firms founded by people in the 24-32 age cohort.
- Free-is-Freedom 3y ago
  You can probably find a large number that were gobbled up in FANG aquisitions
deepsun 3y ago
They adjust for inflation: > In 2007 the average net income of French people aged 16 to 24 was 87% of the overall average. Now it is equal to 92%. In a few places, including Croatia and Slovenia, Gen Zers are now bringing in as much as the average. So it's relative, not just nominal amounts.
vundercind 3y ago
Yeah… TFA: > Gen Z is also grabbing power: America now has more than 6,000 Zoomer chief executives and 1,000 Zoomer politicians. I can’t see most of the article—does it go on to qualify any of this? Or to compare it to other generations at same age? What’s the median size of the firm these “chief executives” run? What does “politician” mean? School board? Town council in a city of 1,500? In general I’d like to see a lot more use of median through all of what I could read and what I’ve seen in this thread, and less mean.

by xyst 3y ago

mchanson 3y ago

Dude all the numbers are normalized to after tax and inflation.

joenot443 3y ago

The oldest Gen Z are 27 in 2024, still very young but not exactly an unheard of age to be leading a company. Evan, Zuck, Bill, etc were considered pretty effective leaders at that point, but you’re right, their management style was certainly different from other CEOs. It does beg the question though, where all the Gen Z founders? I earnestly cannot think of a single one. Anyone have a name that comes to mind?

alephnerd 3y ago
> where all the Gen Z founders There are plenty of Gen Z/young Millenial (24-32) founders, VCs, and execs. We just deviate towards B2B SaaS now. I don't want to name names but most of YC's best startups are B2B firms founded by people in the 24-32 age cohort.
Free-is-Freedom 3y ago
You can probably find a large number that were gobbled up in FANG aquisitions

deepsun 3y ago

They adjust for inflation: > In 2007 the average net income of French people aged 16 to 24 was 87% of the overall average. Now it is equal to 92%. In a few places, including Croatia and Slovenia, Gen Zers are now bringing in as much as the average. So it's relative, not just nominal amounts.

vundercind 3y ago

Yeah… TFA: > Gen Z is also grabbing power: America now has more than 6,000 Zoomer chief executives and 1,000 Zoomer politicians. I can’t see most of the article—does it go on to qualify any of this? Or to compare it to other generations at same age? What’s the median size of the firm these “chief executives” run? What does “politician” mean? School board? Town council in a city of 1,500? In general I’d like to see a lot more use of median through all of what I could read and what I’ve seen in this thread, and less mean.