Re: Capital Intensive and Human Capital Intensive
@Curt, you mentioned a great trade-off in the business world and I have often wondered whether the fears of executives are completely justified. There is safety in numbers but, the collapse of entire environments does not provide safety as it is the unique business that seems to survive. The Tulip trade and the collapse of the 2008 housing bubble are a few examples. The massive corn industry of the US has a similar trade-off, the seed variety that offers the highest per acre yield also offers the highest per acre profits but, a single variety is more susceptible to disease or a pest attack that could lead to output collapsing. However, executives in the corn industry are handling the trade-offs in an extremely brave fashion as they have research facilities that can fight a disease or pest attack in real-time and underground seed vaults for future requirements.
Millennials have a steep road to climb. Firstly, because the baby boomers and generation x have generally set the bar pretty high and secondly, because it is becoming extremely difficult to define leisure time from work time. The Wright Brothers main work was bicycle repair and their leisure time was devoted towards creating powered flight -- it's their leisure time activity that changed the world and economy.
Granted, the Wright Brothers example is an extreme case. However, Youtubers that are creating "How to" tutorial videos in their leisure time, etc., are also changing the world and economy, and can be viewed in the same light.