What Byrne Hobart Thinks About Everything — Part Two
Village Global Podcast
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The Tyranny of the Long Generation
The tyranny of the long generation refers to this phenomenon where when an industry is growing quickly it continuously hires more people. The average age tends to be pretty young in that industry so you can look at something like banking in the 80s and 90s consulting and law around the same time tech in the 90s tech in the 2010s. When an industry's growth slows down they stop hiring a lot of new people a lot of young people, which has a couple side effects one of which is that it means more people remember more bad stuff.
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