Youth Perspectives on Recent US Mergers: A Generational Divide?

Recent approvals of major mergers in the US, totaling $63 billion, have sparked debate across various sectors. However, the youth perspective on these developments remains largely unexplored. Are these mergers beneficial for future generations, or do they pose potential risks regarding job opportunities and market competition? The approved deals, including Mars' acquisition of Kellanova for $36 billion, Omnicom's purchase of Interpublic for $13.5 billion, and Hewlett Packard Enterprise's acquisition of Juniper Networks for $14 billion, may have long-term implications for young workers entering these industries. According to a recent report by Experian UK, transaction volume declined 24% year-on-year to 1,306, signaling a measured pace in the market. This decline, coupled with the rise of AI in software development, as noted in the same Experian UK report, could mean fewer entry-level positions for young people. Moreover, the consolidation of power within these industries raises concerns about innovation and consumer choice. Will these mergers lead to higher prices and fewer options for young consumers? Some experts argue that mergers can create efficiencies and economies of scale, ultimately benefiting consumers. However, others fear that reduced competition could stifle innovation and lead to complacency. A recent article highlighted that a youth charity, YMCA George Williams College, closed despite a recent merger, showing the challenges of transitioning to a new environment. This raises questions about the stability and sustainability of these large-scale mergers and their impact on the youth sector. It's crucial for young people to engage in these discussions and advocate for policies that protect their interests in a rapidly changing economic landscape. The long-term effects of these mergers will undoubtedly shape the opportunities and challenges faced by future generations.