Today, the millennials work for purpose, not paycheck. Would you agree?

A very valid observation, the reason is that the need to service their parents is ruled out. 

Yes, I am not forced to take a job after whatever education I got because my parents were the first generation to break the mould. This is a typical evolution. We are seeing the patterns, most of the present parents have made it good, they could afford many of their children to good schools. The drivers are there where people fit into roles which they perceive, they make choices instead of being forced into the rigour of taking up a job because family circumstances were so. 

However, I am not sure if it applicable to every individual who made out of college or school, the numbers are on the rise, in India even if two percent make it and the questioner being in an industry that addresses the upper echelons might see millennial folks who are brought on "a solid dose of Global Warming" and all the terminology related to how power hungry we are to pick up vocations in such industries. So the question would be, is the questioner experience so? If it is, it is good that people chose than to be under servitude to Western industrialized nations, which suck upon Indian talent for their own ends.