The Young Are Taking A Beating in the Recovery
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  • Clayton Holbrook

    “…fallen most sharply in the under-25 set despite increasing in the over-55 group. It’s not entirely clear what’s causing this…” – VM

    It tight hiring times where the value of labor and human capital is down, businesses want to hire people that are lower risk and bring immediate value. This means hiring people that are more established in their professional field, which young people tend to not be.

    Also, there’s the much VM covered lack of prepared younger candidates.

    And let’s not forget nepotism and the good ol’ boy network. Hiring managers, which are typically older and more experienced, don’t want to hire any threatening young whippersnappers. Contrived tenure plays a part, it’s an easy hiring justification. This phenomenon runs deep in the public sector.

  • Boritz

    This is a Disturbing trend for those who expect to harvest millenials to put them over the finish line in style. Whatever happened to the contract between generations that social security and medicare is?

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