Monday, August 21, 2023

Gen Z on the Move

 

New report from the consulting firm Oliver Wyman has lots of interesting data on what young people in the United States and the United Kingdom look for in a job.  

An astonishing 62 percent of Gen Z workers are at least passively looking for a job as are 60 percent of Millennials (graphic below).  



Some other key findings

- Young people today are twice as likely to struggle with mental health issues as older workers.

- 41 percent of men and 48 percent of women have a side hustle of some sort whether it be a second formal or informal job.  

A key takeaway form the study is that young people want flexibility.  As I point out in my own research, the rigid environment of unionized workplaces is unlikely to provide the flexibility that young people need.

The United States should be freeing up workers, not forcing them into rigid employment relationships.  This is a big problem for the Democratic party as it pits one of their most important voting blocks (younger people) against one of their main funders (labor unions). 

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