What a load of horseshit. There's nothing wrong with the younger generation at all. What I have noticed is that it's probably just more stratified. There are probably more "good" young people than ever before, and there's lots of shitheads (but there always were). What's different is that there are less in the middle because you have to work a whole hell of a harder as a kid these days if you want the opportunities that post-secondary education and/or entrepreneurship provide.
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