Gen Z realise work doesn’t pay anymore |
Writing in City AM, Dr Eliza Filby, a generations expert and author of Inheritocracy, argues that Generation Z are not lazy, as many commentators assert, but realise that corporate wages do not bring anything like the rewards they did for older colleagues. “We are in an asset-driven economy where wealth is supported but work is penalised,” Filby suggests. “This reinforces the wealth of the older generations and is creating disillusioned young people across the income scale.” The Telegraph also carries a piece on Gen Z, asking if young people are shunning the wild nights out of the past because they're simply not interested or because they can no longer afford it. According to a 2023 survey by Deloitte, the cost of living ranks as the foremost concern among Gen Zers worldwide. Michael Kill, of the Night Time Industries Association, believes attributing the decline in young people going out is less about a rumoured return to puritanism and more likely the pressure of inflation on young people. |
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