Mark Cuban says baby boomers went from ‘fighting man to everything hated in the 60s and 70s’

  • Mark Cuban says baby boomers went from “fighting man” to becoming what they hated in the 60s and 70s.

  • Last week, the billionaire said in a podcast that he thinks Gen-Z is the “greatest” generation.

  • Cuban said the Zoomers have a higher regard for mental health and are changing the workplace.

Billionaire investor and baby boomer Mark Cuban double his “disappointing” generation in a tweet on Sunday.

The 64-year-old billionaire made the comment in response to another Twitter user who called Cuba’s view of baby boomers, the generation of people born between 1946 and 1964, “distorted” and told the investor that much of the technology that had made him rich had been created. by this generation.

“You’re absolutely right,” Cuban said. “But what happened next?”

“Now baby boomers spend their days watching cable news and twisting politics, chasing after power,” he said. “Not all of them of course. But for so many to go from ‘fighting the man’ to being everything hated in the 60s and 70s is disappointing.”

Last week, Cuban said in a podcast that Gen-Z — those born between 1995 and 2010 — will go down in history as the “greatest” generation. The billionaire linked Gen-Z’s success to their focus on mental health.

Over the past few months, Gen-Z has catapulted a new way of working, known as “leaving quietly” into the spotlight. The concept is to avoid going over the top when it comes to work, sticking only to working within your defined working hours and role parameters.

“Organizations will have to understand this more and more as we move forward. Not just for how you treat your employees, but also for what your customers expect,” Cuban said in the podcast, “Re: Thinking with Adam grant”.

The baby boomer generation includes some of the most successful entrepreneurs in the tech world, including Bill Gates, Steve Jobs, and Steve Wozniak.

The generation also has access to the most personal wealth – holding 70% of disposable income in the United States. Insider previously reported that the average baby boomer net worth is $1.2 million, largely due to the benefits of low interest rates and inflated home prices, which have increased the value of their assets. For comparison, households of young Americans have an average net worth of around $100,000.

But despite their economic success, baby boomers are about seven times more likely to share misinformation on social media, according to a 2019 study by researchers at Princeton and New York University. They are also more likely to get their news from sites like Breitbart or Fox News, Pew Research from 2015.

By comparison, Gen Z has largely been defined by their activism since the pandemic thrust the generation into the spotlight. In 2021, the Pew Research Center found that members of Gen-Z, also known as “Zoomers”, are more likely to engage in climate change activism and adapt to new technologies like electric cars than older generations.

The generation has also played a significant role in the overall workplace movement, including “anti-work” initiatives and the “Great Shake-up”.

Read the original article on Business Insider

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