The Decline Of Full-Time Job Opportunities For Generation Y And Z

As the competition to get a decent job is increasing, it is close to impossible to obtain a high paying job without at least a bachelor's degree. Many jobs that only used to want their workers to have a high school diploma now require some college education due to their extremely complicated nature.

When it comes to achieving success in the work force and finding a fulfilling and lucrative career there are few things more important that higher education. Going to college and getting a degree is essential in finding success in the work force. The problem is when the cost of gaining that degree outweighs the financial compensation the career that follows is able to supply. Very few people are able to pay for college out of pocket. The result of this is that students seeking higher education are forced to take out massive student loans. This means that they are entering the work force

Many jobs recently are requiring people to have at least a bachelor’s degree to even consider someone for a position. Now jobs are beginning to want people who have a master’s degree instead; for example “between 1973 and 2008, the share of jobs in the U.S. economy which required postsecondary education increased from 28 percent to 59 percent. According to our projections, the future promises more of the same. The share of postsecondary jobs will increase from 59 to 63 percent over the next decade” (Carnevale, pg 1). With that being said it seems more important know than ever for people to have a college

One of the most important issues that are threatening the prosperity of Canada is the aging of the baby boomers. The aging of the baby boomers will result in the general aging of the Canadian population. Wister and McPherson (2014) explain that baby boomers make up 30 per cent of the Canadian population. In 2011 this worked out to 10 million people between the ages of 46 to 65. In the near future as the baby boomers continue to age the number of people 65 years old and older in the population will increase significantly (p. 4). The aging of the baby boomers is an important demographic issue.

Canada’s birth rates are below replacement levels and its population is aging, causing a significant drop in labour force growth over the long term. By 2030, nearly one out of every four Canadians will be 65 years or older. Moreover,

For a well-paying and/or professional job, a college degree is essential. According to Labor Department statistics by the Economic Policy Institute in Washington as stated by Leonhardt, “Americans with four-year college degrees made 98 percent more an hour on average in 2013 than with people without a degree.” A higher income is what most people expect when attaining a degree, but most jobs require

From the year 1991 to 2011, when young immigrants arrived, they have lower employment rate than the one of the Canadian-born individuals. The worsen conditions have happened in recent years. For example, in 1991, the first year since migration has employment rate at 0.397 while the average of young employment rate at 0.590. However in 2011, youth immigrants’ employment rate low to 0.296

Firstly, with an aging workforce we know that as years go by people will age, therefore there will be less available jobs with desirable benefits and pay. It is stated that “aging of the baby boom has fundamentally altered the demographic shape and social structure of Canada […] but with growing numbers of older workers, the competition or the few top jobs has intensified” (Krahn, Hughes and Lowe 60). With fewer jobs available, the new generation will see a higher unemployment rate in

In recent years, opportunities for youth have decreased and childcare service prices have increased, the NDP plans to change this. Firstly according to the NDP plan, childcare services will become cheaper with cost coming down to fifteen dollars a day. Next, the New Democrats have promised to help 40,000 young Canadians to become economically stable by helping them find work. In addition to this new laws regarding job safety for youth will also be created according to the NDP plan. Mulcair’s official statement on creating jobs for youth was, “I want to build a Canada where every young person gets the opportunities they need for a good start to their career”.

The degrees shows that their college experience was a breeze and filled with partying. The United States Bureau of Labor Statistics found that, “In October 2011, the United States Bureau of Labor Statistics the unemployment rate for 20- to 29-year-olds who had graduated from college in 2011 was 12.6 percent. The rate was 13.5 percent for those who recently had earned bachelor’s degrees and 8.6 percent for those who recently had earned advanced degrees.” Graduating from college, does not mean you are immediately going to have a job. The three young adults graduated with degrees in

Not only does a college degree increase one’s chances of getting a job, but it can also get a person employer-paid health insurance and pension plans. That is great considering that the

In present day, it is expected that after high school students continue their education to college. Therefore, it is no surprise to say that most students follow the pedigree, making a bachelor’s degree dilute to the value of a high school diploma. Yes, it is great that you obtained a bachelor’s degree, but it doesn’t differentiate you from the other hundred people who apply for the job position. Now, advanced degrees like masters and doctorates are what count. Not only does it [bachelor’s degree] not give you a better chance at an entry-level job, but also, the majority of college graduates are swimming in a pool of debt. So in the end, after all those years of studying, the dollars in debt and the chance of not even getting a job in

The world’s labor force primarily consists of three major generations: the “Baby Boomers,” “Generation X,” and “Generation Y.” The “Baby Boomers” were born during and after the 2nd World War (1940 to 1960). This generation has a legacy of expertise, “old-fashioned” autocratic management, and healthy productivity. “Boomers” are known to work hard, remain loyal to their employers, and receive promotions on the basis of hard work and high skill. Technology was rather limited (Hewitt and Ukpere, 2012).

The most connected, classy and educated generation ever is known as Gen Z. Gen Z is part of a generation that is global, social, visual and technological. They are the teens, the tweens, the youth and the young adults of our society. A Generation is generally described through the years of birth. For example Generation Z is 1995 to 2009 and therefore if you are born within these times, you are considered a part of the Generation. Generation Z is about 2 billion of the world’s population and they don’t just characterize the future, they are creating it. Unfortunately Gen Z individuals have been brought into the world during the times of crisis, terrorism and the global downturn and climate change. However fortunately study has shown that Generation Z is assisting human resource managers in many areas such as employment, and the evolution of the work industry. Like the unfortunate era they’re living in, there is a positive turnaround where the students of today, employees and consumers of tomorrow, are experiencing the workforce for the first time and through this experience they have found and displayed new ways that human resourcing can be publically viewed. It has often been argued that Generation Z kids are irresponsible and lack discipline, however when it comes to employment, many managers have agreed that this Generation is the best.

Getting a job in a different occupations than what one received a degree seems to be easier than fighting the other 250 people applying for that one desired job. According to Alana Semuels in her article “College-Educated Workers are Taking Jobs That Don’t Require Degrees”, in 1970 under 3% of firefighters and taxi drivers had college degrees. However, today over 15% of workers in these occupations have college degrees, along with 25% of retail workers. This proves how difficult it is to get a job in the area that a person studied in. The job market is more competitive that it has ever been. Also, the entry level positions that college graduates can get do not pay very well. A college graduate might be able to find a job in their desired field. However, it cannot pay the bills. So one might decide to be a taxi driver so they are able to pay their bills.