A couple disjointed and only mildly related points:
As to grade inflation, its not simply a matter of college giving grades out easier at it is that college students are coming to college more prepared than ever before. Take me for example, I started school at a Big 10 university a couple years ago. Before I set foot on campus I earned credit for an entire years worth of study from AP and language classes in high school. I essentially took 5 college level classes my Senior year of highschool and two during my Junior year. To be honest, the classes I took my senior year of highschool were a bit more difficult than most of the classes I have taken in college.
I might be at the top end of the curve but it seems like every college bound student from my school had taken at least one or two AP classes. 20 years ago that certainly wasn’t the case. College freshman that are entering school today are much more prepared. So much so that my University is restructuring their GEC requirements becuase for many students its redundant with what they do in highschool. In essence your average student today would wipe the floor academically with an average student 20 years ago.
Gen Mers seem to be more disillusioned than Gen Xers. Gen Xers in generally think they have the world by the balls. They had the tail end of the civil rights movement and the brunt of the feminist movement. They saw injustice, did something about it and succeeded in changing it. Today? There is no such movement. The closest thing we have is the Gay rights movement but thats not really the same. Gays are ~5% of the population depending on your definition. They don’t have a unified image or front like the civil rights movement did (skin color) or the feminists did (being women).
If I were to put an adjective to Gen M I would call them the Nirvana (ok its a band not an adjective) Generation. Life sucks, love hurts, society sucks, evertything sucks. I also think there is a lot of concern about the future of the economy and what this upcoming generations place in it will be. The days of getting a good job at the local factory and everyone living a fairly comfortable life are fading quickly. Sure, certain generations have dealt with recessions and such but recessions end. Globalization is not going to end. Its going to become even bigger as the future goes on. Even professional jobs are being sent overseas.
It used to be (or at least my perception is) that you get a good degree (Engineering, Hard science, Business etc. not L.A. degrees like Art or Philosophy) and you are basically set for life with a job. Now even those jobs are being sent overseas. Almost all of your major industry corporations have set up or are setting up their R&D in India or Mexico. As communication technology increases and the infrastructure improves in those countries why are any companies going to hire me over an Indian engineer that is just as good but make 1/4 of what I would? I still think that I can get a good job here in America but I am acutely aware that I might not. Its not that I believe globalization is a bad thing nor do I think competition is bad. But we are talking about a generation here. Its impossible for a generation to compete and win against itself. There has to be losers and winners. It seems like Gen M. will have proportionally more losers than before.
I think the idea of Gen. M as being the generation that was ferried around by their sococer mom is wrong. It may be increasing but its still the domain of rich, white suburban kids. Working class kids, poor kids and even middle class kids aren’t like that. They might be involved in more organized sports that preceding generations but they are still left with plenty of time to devise their own entertainment. There are a few trends that I think will negatively affect Gen. M. One is the increasing gap between the rich and the poor. I think there will be more losers out of Gen M. and those that lose will lose hard.
Two, college prices are increasing dramatically. The cost for a year of my education (room+board) will probably have increased by 20% in the 4 years I was in college. In 15 years when the last of Gen M. is coming through college how much more will they be paying than I did? Twice as much? Three times as much? More? With the downward trend in wages for unskilled jobs thats a pretty big double edged sword.
Third, healthwise this could be the first generation that does not see an increase in life expectancy. Diabetes and obesity could do a number on this generation in terms of long-term disease and early death.
Lastly, it seems that the number of, for lack of a better word, deficient families is going to be a large factor in Gen M. What effectt that will have remains to be seen.