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They're not arbitrary and that's the problem...
Up to Baby Boomers a gender was defined around cultural/technological change and social events.
WW2 ending and a resulting baby boom fit that. But then capitalism wanted easy ways to categorize consumers.
So they decided every 15 years was "better" even tho it immediately led to "generations" meaning almost nothing.
"Generations" are still valuable demographics, it's just boomers never understood it and made up their own definition. We need to go back to naming and determining generations once they're adults and we already know how they're different and where to draw the line
A whole lot of our current problems are because boomers took something that worked and "disrupting it" without understanding how it works or what it even was.