3 ms·
One big point that I think was missing in the article was the proliferation of a temporary workforce. I just read temp hiring accounts for 15% of all hires thes
by at-fates-hands 12y ago
One big point that I think was missing in the article was the proliferation of a temporary workforce. I just read temp hiring accounts for 15% of all hires these days.
The days when you're pop took a job at the steel mill and then worked his way up to management and then president are long gone. Most workers are only temporary. They put in their time, do the work and then its off to the next gig. This makes it nearly impossible to ever move up in any organization. And when you gain some experience as a contractor? Your job opportunities diminish since your experience demands a higher salary.
I've also seen a lot of commentary about the lack of motivation the millennial generation has which I'm sure is adding to the "normalization" of this boomerang stage in young adults lives.
EDIT: just found the article about increasing temp workforce: http://www.economicmodeling.com/2013/06/21/temp-employment-is-dominating-job-growth-in-the-largest-cities-is-that-a-good-thing/ http://www.economicmodeling.com/2013/06/21/temp-employment-i...
- jiggy2011 12y agoYou can still work your way up to management, you might just move through more companies in order to do it. This might be as a result of workers now having more options as recruitment is easier due to the internet and other things. It might be better to have the flexibility and gather a variety of experience rather than feeling indentured to a single company. The flipside of this is that companies are less likely to invest in workers who they are worried will leave them in a few years.