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Time use of millennials v. non-millennials

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By Chang Se-moon

Let me first introduce popular classifications of generations.

The Lost Generation has two meanings. One refers to those who fought in World War I. Members of this generation were typically born between 1883 and 1900.

The other refers to Japanese workers in their 40s now who struggled to find jobs and advance, if employed, for about 20 years from around 1990 to 2010. This period is also known in Japan as the Employment Ice Age.

Financial difficulties experienced by the Lost Generation of Japan are still slowing the current growth of the Japanese economy.

Many observers of the Korean economy are concerned about the possible creation of a lost generation of Koreans in their teens and 20s. Mismanagement of the Korean economy, if continued, will likely lead to future years of difficulties in finding jobs and advancing, if employed, by those who are now in their teens and 20s.

The Greatest Generation relates mainly to American veterans who fought in World War II to save humanity from the brutal dictatorship of the Nazis, while the Silent Generation relates to American veterans who fought during the Korean War and the Vietnam War whose contributions to preservation of free........

© The Korea Times