Millennials are Taking Over the Workforce

We’ve all heard about how millennials are ruining everything. They’re “killing” chain restaurants, the hotel industry, and even napkins. These absurd claims may all be true, but one thing they are not killing is the workforce.

Millennial’s Share in Workforce

It may be hard to believe, but pew research has found that as of 2016, millennials are the largest generation in the the U.S. Labor Force. It was previously made up of mostly Gen Xers and Baby Boomers. This was inevitable as generations come and go but the question is what does all of this mean?

How the Emergence of Millennials is Changing Affecting the Labor Force

When it comes to work, Millennials are stereotyped in a negative way. People assume they are lazy, all they do is look at their phones and go on social media, and they act entitled. While this may be partly true, one could argue millennials are changing the workforce in a positive way. Studies have found that they want to work with more purpose. Older generations tended to just sit at their work area for eight hours a day and do whatever they could to keep themselves busy until it was time to clock out. On the other hand, millennials approach their role at a company with some sort of meaning and and expect to make an impact. There is no question that this is a positive thing.

Millennials Aren’t Afraid to Change Jobs and Expect a High Salary

The Baby Boomers and the Gen Xers were used to getting hired at a company and working at the same company until it was time to retire. This is beginning to change as Millennials are constantly searching for new jobs. They feel that it is easy to find work. Most are actively searching for a new job, even when they currently have a stable full time position at a company.

This graphic from the U.S. Census Bureau clearly states just how influential Millennials will be in just over ten years from now. By 2040, Millennials will make up an overwhelming majority in the workforce. This shows that companies in the future better be ready to expect a lot of turnover and to even pay higher salaries.