Writing in Forbes magazine, Maura Pennington argues that Millennials (roughly those born between 1980 and 2000) must embrace Joseph Schumpeter’s concept of “creative destruction” in order to thrive in hard economic times:
How can a philosophy of creative destruction help [Millennials] find their way?
To answer that, I offer advice from my grandfather. He would give me the greatest, pithiest piece of wisdom whenever I came home crying, inflexible in the face of opposition. He’d look me directly in the eyes and say simply, “Adjust.” It was infuriating to hear at the age of twelve, but it’s the word I now live by: Adjust.
We have to adapt. So we majored in the Humanities and companies only want engineers. Embrace the message of Hermann Hesse’s Demian: “Nothing new can arrive unless an old thing dies.” Keep reading novels, but start learning a new skill. It is never too late to course correct. It is certainly not too late when in one’s twenties.
Creative destruction is necessary and inevitable—accept it and control it. Be the one who abandons an old way of living and thinking in order to live and think more productively and profitably.