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What’s the average skill set?

About the same, I would guess as, previous generations. I used to think millennials were lazy and ineffectual. But having observed millennials in the workplace for some years now, I'd say millennials in general work as hard as anyone. They're certainly more openly degenerate in their off-hours, and there is definitely a vocal cadre that are utterly lazy and pathetic (who are amplified by social media, etc.), but in terms of showing up for work and putting in their time, they're generally not bad.

But we're not living in market that favors American workers. International conglomerate corporations can afford now to offer Americans less because their are people in other countries willing to work for far less than that. As such, millennials are more cynical and have lower expectations -- for example, a huge percentage of millennials will never be able to own a house. Think of the optimism that America had under Reagan. All millennials have to look forward to is stagnating wages and dealing with a 20 trillion dollar national debt that they didn't create.

What, you mean that one semester shy of a degree in XYZ studies didn’t get them a six figure job?