A majority of Gen Z investors think crypto will make them millionaires
markets.businessinsider.com
markets.businessinsider.com
At the same time there's decreasing or stagnating interest in the sciences, foundational tech, operations, management and so on, which honestly doesn't bode to well long term I think.
Citation needed
> It also fits with an increasing trend of people flocking towards influencer type jobs, young adults saying they want to be streamers, and so on
Citation needed?
Honestly I don't see much difference between this and kids saying they want to be YouTubers or pop stars. They're famous, kids like that kind of thing. I'd be glad to look into any statistics you got, though.
The Rise and Fall of American Growth’ by Robert J. Gordon, an entire book of empirical data on the slowdown of both technological progress and economic growth (in the United States in particular, but applies in much of the developed world). Or if you want a more plain point, the public R&D spending is at a 60 year low and has fallen from 13% in 1960 to less than 3% today, in the US.[1]
>Honestly I don't see much difference between this and kids saying they want to be YouTubers or pop stars. They're famous, kids like that kind of thing
The difference is that these preferences have changed, and interest in the sciences is in relative decline[2]. Interest in the sciences among children is falling.
[1] https://www.aei.org/economics/us-federal-research-spending-i... [2]https://www.themanufacturer.com/articles/childrens-interest-...
In the absence of hope, people gamble because the glimmer of a possibility gets them through the day. Whether it’s poor people buying lottery tickets or 19 year olds taking their father’s job at half the pay and no pension, you can’t suck all the hope out of a society and expect a rational outcome.
There is always work to be done to reproduce society, but if reproducing society doesn’t turn a profit for the owning class, the work doesn’t get done and society doesn’t get reproduced.
https://wikipedia.org/wiki/Tendency_of_the_rate_of_profit_to...
So while a majority will not likely become very rich, many do. And at the scale involved, it's perhaps millions of people getting rich.