Suzy Welch says Gen Z and millennials are burnt out because older generations worked just as hard, but they ‘had hope’

Suzy Welch says Gen Z and millennials are burnt out because older generations worked just as hard, but they ‘had hope’
Suzy Welch says Gen Z and millennials are burnt out because older generations worked just as hard, but they ‘had hope’

The gap between generations on exhaustion in the workplace has nothing to do with the intensity of work and more related to the decreasing expectations of job rewards, according to the business author and Professor of New York University Suzy Walsh. The 66 -year -old from Portland got a Master of Business Administration in Business Administration as a researcher from Harvard Business College and spent seven years as an administrative consultant at Bain & Co. Talk to July 24, episode Subordinate Size masters Podcast, Wilsh, the younger workers argued with the same tables, the tables required by previous generations, but they lack the basic belief that hard work will lead to meaningful progress.

And Walsh said that this insight came out of a conversation with her with an independent worker, who was 25 years old, who asked Walsh to create more content about fatigue from workers among young people because her friends are “very burned”. When I told Walsh this worker that she used to work “seven days a week” in that era and loved the work – and would have done more of her if she could – the young woman offered a wonderful refute: “But you had hope.”

“I had hope. We had all hope,” I told Walsh Size masters Jeff Berman host. “We thought that if you worked hard, you have been rewarded for it. And so this is the separation.”

Hope for youth, supported by data

Notes and blush are in line with intense research documenting unprecedented levels of stress in the workplace between young generations, causing the work to be missed as a result of physical and mental fees. According to 2024 Jalloub surveyOnly 31 % of employees under the age of 35 say they are “prosperous”, while about 22 % of employees under 35 are lonely.

“I think the distance between people is greater than it was before.” luck. “When people become more physical, they become more mental. This is what happened with younger workers.”

Millennial generation is in a very bad place, by speaking on a large scale. About 66 % of the millennial generation is compared to moderate or high levels of fatigue, according to another AFLAC report.

The report said: “One of the potential explanations for the higher levels of exhaustion between the millennium can be their unique functional stress and professional expectations,” which include “more demanding work environments than other generations, which are determined by continuous delivery, high performance expectations and competitive work market.” Millennium workers are also part of the “gel of sandwiches”, the care of both children and their elderly affairs. According to The main financial reportMore than 60 % of workers who wander in both responsibilities concern about fatigue.

The context of this fatigue crisis, which forces young people to move Various crises to change the world at the same timeClimate change, political instability, the continuous effects of Covid-19 epidemic, economic uncertainty, and international conflicts such as Russia’s war and virgin. Psychological effect is deep and measurable: Research has shown that the distress related to the epidemic and the climate are linked to more symptoms of depression and anxiety and reduce the quality of life associated with health, while the distress related to the war was associated with more anxiety. It is worth noting, According to researchers at Harvard UniversityNearly half (45 %) of young people between the ages of 18 and 25 believe that their mental health is affected by “a feeling that things are collapsing.”

Feeling of impotence – to decline against climate change, and deal with the effects of the political environment such as shrinking public health and violence of weapons, the most prominent of which is earning money to support lifestyles, family, housing and the future – Employment of institutional trust. Unlike the children of children who adopted the current institutions to obtain a comfortable life, young generations do not feel that the institutions – which are It is seen as exhausting, hormonal, and a source of inequality and discrimination– Their position can be improved. When it is combined with the economic facts that Wilsh identified, as hard work no longer guarantees progress, this helps to clarify the reason for the fear of more than 50 % of young people than being poorer than their parents during their lives, According to the annual youth study.

Economic reality

Unlike previous generations that can be reasonable to expect houses and financial security through fixed employment, younger workers face structural barriers that have mainly changed job expectations.

“General G. I think,” Yes, I saw what happened to my father’s profession and saw what happened to the profession of my older sister and worked hard and are still being discharged. ”

Student debt is a great burden, as Gen Z on average $ 526 per month towards loans – a total double of $ 284, According to empowerment. Housing costs these pressures collect, After increasing 121 % from 1960 to 2017 While the average family income increased only 29 %. Currently, 87 % of Gen Z and 62 % of the millennial generation cannot buy homes.

Employment challenges begin immediately after graduation. About 58 % of the people who graduated last year are still looking for full -time work, According to the Kickresume report, compared to only 25 % of previous generations. Only 12 % of Gen Z believes in full -time work by graduation, compared to 40 % of the previous graduates. Those who find work earn an average of $ 6,8400 annually while carrying about $ 94,000 of personal debts, such as luck I mentioned earlier.

The gap between generations has great economic effects, as exhaustion in the workplace costs 322 billion dollars annually in the lost productivity, According to GallupAnd generating health care costs between $ 125 billion and 190 billion dollars. As the role of GEN Z in the global workforce in growth and development continues, a vision and a shower around hope provides a framework for understanding the reason for the lack of traditional ways in the workplace in the workplace that is not sufficient for workers in the United States younger.

You can watch the full Masters of Scale episode that includes Welch below:

https://www.youtube.com/watch?

For this story, luck The artificial intelligence is used to help with a preliminary draft. Check an editor of the accuracy of the information before publishing.

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