Generation Y is starting to enter the workforce and there are a lot of them. In fact, there are more than 80 million, which is bigger than the Baby Boomers generation (Gronbach)! But what is Generation Y? They were born between 1985 and 2005, are very green, humanitarians, and do not see color.
Generation Y is flooding the labor market and may face 50% unemployment (Gronbach). This high unemployment rate will force many in this generation to create small businesses to make up for the lack of jobs. Many of the Baby Boomers are starting to retire, leaving many technical positions open. To fill these in demand jobs, Generation Y males are increasingly going to technical schools, hoping to find a high paying position. You can also expect more women to be leading and running companies. Right now, women outnumber men in college at a 60/40 ratio (Gronbach).
Gronbach, Kenneth. “The Age Curve.” CEO Council of Tampa Bay. Tampa, FL. 10 March 2011. Lecture.