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How the US Is Destroying Young People’s Future | Scott Galloway | TED

TED

6.1M Views . 2024-05-02

Watch more from Scott Galloway: https://youtu.be/EjNV6JwlV2s In a scorching talk, marketing professor and podcaster Scott Galloway dissects the data showing that, by many measures, young people in the US are worse off financially than ever before. He unpacks the root causes and effects of this "great intergenerational theft," asking why we let it continue and showing how we could make it end. (Note: This talk contains mature language.) If you love watching TED Talks like this one, become a TED Member to support our mission of spreading ideas: https://ted.com/membership Follow TED! X: https://twitter.com/TEDTalks Instagram: https://www.instagram.com/ted Facebook: https://facebook.com/TED LinkedIn: https://www.linkedin.com/company/ted-conferences TikTok: https://www.tiktok.com/@tedtoks The TED Talks channel features talks, performances and original series from the world's leading thinkers and doers. Subscribe to our channel for videos on Technology, Entertainment and Design — plus science, business, global issues, the arts and more. Visit https://TED.com to get our entire library of TED Talks, transcripts, translations, personalized talk recommendations and more. Watch more: https://go.ted.com/scottgalloway24 https://youtu.be/qEJ4hkpQW8E TED's videos may be used for non-commercial purposes under a Creative Commons License, Attribution–Non Commercial–No Derivatives (or the CC BY – NC – ND 4.0 International) and in accordance with our TED Talks Usage Policy: https://www.ted.com/about/our-organization/our-policies-terms/ted-talks-usage-policy. For more information on using TED for commercial purposes (e.g. employee learning, in a film or online course), please submit a Media Request at https://media-requests.ted.com #TED #TEDTalks #future

Scott Galloway, a professor at NYU, begins his talk by introducing himself and making light of his television career. He then claims this is the last TED talk and humorously suggests that the event is a strange offspring of Bill Gates and Malcolm Gladwell. He poses the question of whether we truly love our children, setting the stage for his argument that younger generations are facing a decrease in prosperity and opportunity compared to older generations.

Generational inequality
Youth prosperity

  • Scott Galloway is a global television store, he has had four TV series in the last three years, two of them were canceled before they were launched, and two were canceled within six weeks.
  • He introduces the idea that he wants to welcome everyone to the last TED, suggesting that the event is on a downward trajectory and is becoming less relevant.

Insights from Scott Galloway's YouTube Video:

1. Is the American Dream Dead? The Intergenerational Divide in Prosperity

Galloway argues that the traditional American social contract, where each generation does better than the last, has broken down. Younger generations are experiencing declining purchasing power and less prosperity compared to their parents, leading to widespread anger and resentment. He blames this on a deliberate devaluation of youth labor, manifested in stagnant minimum wage and rising housing costs, ultimately benefiting older generations at the expense of the young.

2. The Incumbents' Weaponized Government: Protecting Privilege and Stifling Opportunity

Galloway exposes how older generations, particularly those owning assets, have used government regulations to their advantage, driving up

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