Demographic Designs: Why Y is in prime position for career success
Despite all anecdotal evidence, a lot of Gen Yers still tend to worry a lot about their potential in the job market. It’s probably due to the experiences their parents and older siblings may have had entering the workforce decades ago, struggling to find anything but the dreaded McJob. It’s so bad that this trepidation sometimes causes people to turtle themselves in academic institutions, piling on degrees and diplomas in the hopes of guaranteeing career potential right out of the gate.
The truth of the matter is that all that education, while undoubtedly important for other reasons, isn’t entirely necessary. Because, in the end, Generation Y’s secret weapon for career success is simply demographics.
Since the first wave of baby boomers reached the age of 60 in 2006 and have entered retirement, an increasing number of professionals are leaving the job market each year. So it’s not surprising that more than 80% of employers say they are concerned about a looming shortage of qualified workers.
There’s little reason today for Gen Y to fear the job hunt (though obviously this can’t hold true for all sectors — some are in steep decline) because there are simply more job openings coming down the pipeline than there are workers.
That said, the word ‘qualified’ in the above quote is extremely important. More on that in a later post.
This entry was posted on Tuesday, March 25th, 2008 at 8:48 pm and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
