Since the end of the 20th century, the world has experienced a significant amount of change. People from all over the world have become aware of the alterations of the 21st century, and no sector of our society has been more greatly altered than the economy. In the past two decades, the economy has seen major changes, with novel industries rooted in technology becoming the forefront of the job market, as well as a complete change in the types of people working. The biggest change has come from the millennial generation, and as they have become more prevalent throughout the workforce, it has become evident that they are transforming the way that work is done. Learning about millennials and understanding their motivations is critical to learning about how and why they are changing the economy and driving it into a new era.
As the millennial generation has become more ubiquitous throughout the economy, they have been changing numerous aspects of the way that work is done. Before comprehending how they have changed work, it is imperative that you understand millennials as a whole. Millennials were born between 1981 and 1996, and they are generally the children of the Baby Boomer generation. This generation came of age during the Great Recession and this has been a major factor in how millennials think about work. They do not necessarily trust the economy the way that previous generations had, and have had to grow up in a world filled with economic strife. College debt has also been a major concern amongst millennials, and this also has led to them being wary of the economic system. Learning about millennials and how they have been treated allows you to understand the ways that they are changing the workplace
Millennials Transforming the Economy
Millennials certainly think about work differently than Gen X, Baby Boomers, and the Silent Generation, and this has been evident in the way that they interact with the workplace. Millennials desire a more casual and sincere work environment, which has led to many major changes in workplace culture, such as more casual dress codes, open office plans, and more. Along with a tumultuous economy, millennials also grew up with a myriad of constantly changing technologies, so they understand how to effectively utilize this tech in a work setting. This has led to the mass adoption of numerous types of technologies across all industries and has led to an increase in the types of tech that businesses use. When you work with millennials, it becomes more evident where these numerous changes stem from and how they are going to affect the economy as the future progresses. Understanding this generation and their circumstances enables you to recognize how they will alter the economy and the rest of the world in the rest of the 21st century.
There are numerous factors that have changed the economy in the 21st century, and millennials have been the driving force of this transformation. Learning about this generation and what they are capable of will enable you to understand what the economy of the future is going to be like.