From a Cracked piece responding to a rant about Millennials:
Simon, let me tell you about my participation trophies. I got them for playing soccer, and they were handed out from a bag at the end of the year with all the ceremony of communist factory workers getting their lunch rations. My response was not “Well, clearly I’m going to be handed a six-figure job as an adult.” It was “Neat, a trophy! Now I’m going to go back to thinking about Pokemon or farts, because I am a child.” Later it was a nice reminder of time spent playing with my friends, and as I got older, eventually only the teams that won were rewarded. This did not shock and sadden us — it was what we expected, and wanted, because we were actually capable of observing adult society, and we noticed that pro sports teams weren’t handed many trophies for constantly losing.