Interestingly enough, it turns out that renting an apartment actually costs money. Early generations made enough from manual labor jobs that they could buy houses in their twenties (and I consider them spoiled because of that :p). Nowadays there aren’t many factory jobs in the U.S. and people are paid relatively less for many jobs. So twenty-somethings have to find white-collar type jobs. It turns out that these jobs pay little if you have little experience and progressively more as experience accumulates. So Generation Yers have a little salaries and they have to pay their student loans back.
They aren’t loyal to their companies and leave if someone will pay them more
At first, this troubled me. But then I found out that corporations actually lay off employees sometimes, even when they turn profits. What’s more, they actually try to pay employees as little as possible, especially if their too young to be good at negotiating. I remember when I heard “loyalty is dead” referring to businesses and their employees. I believe I was five years old.
If someone will pay you more money than you make, you go work for him or her. It’s not brain-surgery. And when you are in your 20s it is not uncommon to be offered 20% than you are making. I guess 60 Minutes has a problem with capitalism.
Generation Y expects crazy benefits at work and a work environment that carters to them in outrageous ways
Actually, this was initiated by information technology companies, such as Microsoft, before Generation Y joined the workforce. The super-work environment thing has since expanded past Tech to companies such as Merrill-Lynch. You can also retain employees and keep employees by paying them more, but these companies figured out the “super work environment” is cheaper and makes it easier to get overtime out of the workers. Notice that only a relatively small number of employers do this and they are all expect the employees to work a lot of overtime. My employer supplies bad generic coffee and strictly enforces the rule against using two packets at once.
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