5/22/2013 5:15 PM ET|
Millennials wait as boomers hang on
"Young workers have been greatly affected by the downturn. However, there is no evidence that boomer employment negatively affected the labor-force activity of the young during the recession," says a report by the Pew Trusts' Economic Mobility Project titled, "When baby boomers delay retirement, do younger workers suffer?" (.PDF)
Pew's research manager, Diana Elliott, explained how the study was done. Pew commissioned researchers to comb through data produced by the Census Bureau's Current Population Survey from 1977 to 2011 to see if there was truth behind the widely held belief that older workers hurt younger ones by retiring later.
"They looked every which way at the data" but couldn't prove the theory, Elliott says. In fact, they found the opposite was true: When older workers stay on in the workforce, younger workers benefit. "Their hourly wage was higher, their employment rate was higher, they worked more hours and their unemployment rate was lower," she says.
Still, many experts see tension between boomers and their younger colleagues at work.
Partly, it's a culture gap, says Phil Brandt, head of AAIM Employers' Association, an affiliation of about 1,600 companies in the St. Louis region and in Illinois.
At least in traditional, hierarchical workplaces, younger employees can feel like fish out of water. They're typically restless and technology-dependent, and their schooling has encouraged them to be independent and resourceful. Traditional work culture can seem stodgy and rule-bound in comparison.
Brandt recalls how one older manager tried shutting off Internet access for all his employees who didn't require it for their jobs. The attempt struck his younger workers as clueless and medieval.
Such clashes can result in low productivity for younger workers, Brandt says. "They are very competent and in many ways far more talented than the work they are being asked to do but, because of that lack of engagement, the productivity goes down."
Marvis Meyers, vice president for training and organization development at AAIM, advises employers to reduce younger workers' frustration by giving them opportunities to learn and shine. They need projects, mentors, training and challenges, she says.
Younger workers should be willing to relocate -- across the city, the country or the world -- because the perfect job may not be available in their neighborhood.
Experts advise workers of all ages to get trained for specific jobs available today. The Bureau of Labor Statistics' Occupational Outlook Handbook is a great resource.
And for those younger workers who may be frustrated, have patience. The first boomers are old enough to collect their full Social Security payments, and most tell pollsters that they plan on staying at work for only two or three extra years.
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They shouldn't be called the Millenneals, but Generation Whiners. Aw, poor baby... only 24 job interviews? Try over 100 after I got laid off in 2008 as a Baby Boomer!
Grow up and stop whining. Try working at McDonalds before reaching for the 6 figure job! How do you think most of us Boomers got started!
Washed cars, pumped gas and did small repairs at a service station, delivered groceries, delivered newspapers seven days a week. graduated high school, worked in a factory, joined the Marine Corp, back to the factory, Took night classes and took an entry level quality assurance position, got married at twenty seven, took a nine month sales and marketing course, worked as a commissioned sales person until sixty two. raised four kids, married forty four years, live comfortably with my wife also retired.
The point is life is not always easy, we have to change course when it makes sense to do so. Having a degree today is like not having a degree years ago. Today trades people make a hefty wage while college kids can not get work. Case in point a young neighbor GIRL is working for a plumbing firm in town. The owner is a friend. I asked why did you hire a girl to do such hard work? He said she was the only applicant, is a quick learner, never whines nor takes days off. He started her over three years ago at $14.00 an hour. Today she is making $23.00 an hour with full company benefits. Oh, by the way, she is twenty two years old.
I have a college degree and have been extremely lucky having a career I enjoy and have a passion for. Unfortunately, I do agree with the majority of comments written.....................younger workers are idiots, complainers and have no work ethics.
There's something to be said for old school...........
Well Then do something , Like spend some time writing and calling congress and the senate ask them where are the jobs? Write your Elected officials and demand progress? Tweet & Face book them, Your generation is very good at that stuff use this tool, Bombard the Politian's!
mabey chad should try to get a real entry-level position. I am starting to wonder if he did go to college. I mean realy , If a project management coordinator is entry level Chad is a dunce(not to mention mary should have notice that ) . It would have made more sence to say " College grads expect to make top wages in first job , Or they will live at home.
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