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I can guarantee you there are Millennials happily ruling over petty little fiefdoms. No generation is universally petty dictators or lazy gamers. The same sort of assholes are born again and again, just waiting for their chance.
Sure, I'm not denying that, but what matters in a democracy and even a corporation isn't the purity of each generation, it's the relative fraction of different groups. Going from 60% petty dictators to 20% is far more important than going from 20% to 0%, especially when it's just one demographic among several.
Millennials aren't better people, they're just younger, with currently less opportunity to lord over others than people 30 years older have. But as they rise into the ones with the power, they'll be the same humans we've always been.
That proves too much. Boomers and the Silent Generation are better than people born 50 years before them, because Boomers and the Silent Generation (again, as statistical trends) refused to beat their children and decriminalized interracial marriage and homosexuality. Why wouldn't Millenials be capable of similar moral progress?