Now, with the advent of generative AI, organizations are starting to automate many "junior" tasks - stripping away their dubious last attempt to "teach" young employees. Capelli also found scant evidence that things had improved in the years since. A 2014 study by Peter Cappelli, a professor at the University of Pennsylvania's Wharton School of Business, found that in 1979 "young workers received on average about 2.5 weeks of training per year" but that by 1995 it had fallen to just under 11 hours annually. Many companies have shown absolutely no consideration for fostering and developing workers' abilities, leaving young workers to largely fend for themselves as they attempt to establish a career path. Once young workers do finally break into the corporate world, they face another brutal reality: Companies have no interest in helping them move up the career ladder. A 2021 survey by the National Association of Colleges and Employers suggested that over 40% of internships were unpaid and that the average hourly wage for paid interns was just $20.76 in 2020 - a tight budget in many major metropolitan areas. And if you try to go the internship route to get that experience? Good luck. A LinkedIn analysis of 3.8 million job postings from 2017 to 2021 found that 35% of entry-level jobs required at least three years of experience. Even searching for a first job can leave Gen Zers scratching their heads. Despite a recent pushback, the number of jobs requiring a college degree has been growing for decades. Louis found that Gen Zers were more likely than millennials were at their age to hold student debt, that Gen Zers' average debt load was 13% higher than millennials' was, and that roughly the same percentage of Gen Zers and millennials had $50,000 or more worth of outstanding student debt.ĭon't want to go to college? Tough luck. A 2022 study by the Federal Reserve Bank of St. As the cost of college has soared, many of them are coming into their first job with a large student-debt burden. Gen Z is behind the eight ball even before their first day on the job. But if you look deeper, a growing number of signs suggest young Americans are going to have a much tougher time actually building a career. Finding a job is much easier than it used to be, thanks to historically low unemployment, and wages for young workers have been growing at a strong pace. Sure, on the surface it seems like Gen Z is entering the workforce at a great time. Nobody wants to teach anymoreĮven before the rise of AI, young people were facing an early-career crisis. And if these executives already won't train their junior employees, it's no surprise they're ready to get rid of them altogether. Management spent decades disconnecting themselves from the younger workers who are the backbone of their businesses. They may be more comfortable using ChatGPT and other AI technology than their older coworkers, but the managerial obsession with artificial intelligence threatens to undermine their ability to launch a career. It's no wonder that several surveys have found that members of Gen Z are particularly concerned about AI's effect on their careers in a recent survey by the job-posting site ZipRecruiter, 76% of Gen Zers indicated they were worried about losing their jobs to ChatGPT.Īmerica's young workers are headed toward a career calamity. Over the past several decades, many companies have gutted training programs, neglected mentorship, and taken no responsibility for fostering workers' development. While tackling grunt work and hoping to learn a job via osmosis isn't a great way to start a career, corporate America has left young workers with few other options. Account icon An icon in the shape of a person's head and shoulders.
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