This clip by Craig Kilborn is fascinating because he's bang on. At least looking in the rear view mirror. It's also fascinating because recent in the field work with teens and 'youth' appears to be showing a real maturification of youth. An emerging push the other way against the dumbification. The next generation has no misconceived notions life will always be grand, easy and jobs will be a plenty in the future (this was apparent before the major Fall layoffs.)
I'm sure some agency in New York has already come up with a witty label for today's teens but they themselves aren't too worried about that. They are too worried about the uncertainty of not just finding a career some day, but finding a career with meaning. Happiness is paramount, but their belief is happiness will come through work and pragmatic choice, not entitlement or being at the right place at the right time (don't think the latter has actually happened since the 50's really.) Also, there is a wonderful increasing degree of trial and error accepted in their worlds. One of my all time favorite quotes out of a work group was:
"I like when I fail because then I know what to work on."
A wonderful recognition one can't be good at everything, but will be great at some things, so find what you're good at, then get better at it. The social stigma of giving something a shot and failing is slowly eroding. My sense is action sports culture has driven this sentiment as failure, when as a result of pushing your limits, is celebrated.
Pretty mature thoughts from teenagers, in fact more so than most adults.