Sorry, but the submission, despite the painful tarnishing of Gen' Y is pretty much right on the money. I'm dealing with a F/O now that hasn't been on time for the hotel van all week and would not know if he's getting ripped off at Jiffy Lube when he gets his oil changed on his car. Totally disengaged from reality.
To me this just means that for whatever reason your airline is not attracting quality people (with exceptions of course). Not every person under the age of 32 behaves this way. I suspect that it has a lot to do with the lowering of conditions and the evaporation of any perceived glamour.