The show premiered on March 26, 1973 and right from the start has been dominated by the Newman, Abbott and Winters families. The show seems to be based on a couple of lifelong, show-long rivalries. One, being between Victor Newman and Jack Abbott and their long time arguments with business and always trying to out-do one another. The other being between Jill Abbott and Katherine Chancellor, for the longest time they didn’t know they were mother and daughter and would fight like cats and dogs somehow living under the same roof. Then shortly after finding out they were related they had a civil spell, which quickly took a turn for the worse.
There are so many ups and downs in the plot lines of soaps but the one in CBS’s Y & R never seizes to amaze me. You think that maybe they finally calm things down and come to a normal plot line, but it will always get extremely out of hand again. Especially with the help of Gloria Abbott, mother of Michael Baldwin and Kevin Fischer, she is always scheming up something to make her look like the better person. When really, all it ever does is dig her a deeper and deeper hole. Maybe that is why her son, Kevin, is exactly like her. Thank god that her other son Michael is a lawyer, who can somehow always win over the courts to release either his mother or his younger brother. One of these days, one of them, or maybe even both, will get themselves into so much trouble that Michael will not be able to help them out.
Another thing that baffles me about this show is the relationships that take place. If a couple dates, marries or what not they are almost always guaranteed to break up, see someone else and yet still get back together afterwards. For example I think Victor Newman goes through a cycle of women. He is never satisfied with a new one; he will always go back to one of the ladies he has previously married. Personally I think that he should give up trying new relationships and just go back to being with Nikki, they have and I think always will love each other and no one else.

http://www.tv.com/the-young-and-the-restless/show/100/summary.html
http://www.cbs.com/daytime/the_young_and_the_restless/