The Looming Twenty-First Century Generation Gap: Economic Challenges Facing Younger Workers
Perspectives on Work, Vol. 13, No. 2, p. 22, Winter 2010
5 Pages Posted: 28 Jan 2010
Date Written: January 27, 2010
Younger adults preparing to enter today’s workforce face a confluence of economic challenges unknown to many of their predecessors. These include rising student loan debt, barriers and higher thresholds to entry-level jobs, reduced wages and benefits, and heavier responsibilities for funding their own retirements and those of preceding generations. Many of these concerns were in play before the recession, but the economic meltdown has intensified all of them. Although the exact mix of these factors remains speculative, potentially we face a long period of generational strife that will play out in our workplaces, boardrooms, and legislatures.
Keywords: younger workers, wages and benefits, entry-level jobs, labor economics, labor policy, taxation, generational conflict, Social Security, retirement, recession
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