Gen Wars: Boomers vs. Xers in the Labor Market

Martha Irvine, reporting for the Associated Press, writes about intensifying conflict between up-and-coming Gen Xers and more entrenched Baby Boomers in the workplace:

They’re antsy and edgy, tired of waiting for promotion opportunities at work as their elders put off retirement. A good number of them are just waiting for the economy to pick up so they can hop to the next job, find something more fulfilling and get what they think they deserve. Oh, and they want work-life balance, too.

Unfortunately, this is only the proverbial tip of the iceberg in terms of worsening generational tensions over job opportunities, especially the likelihood that many Boomers will remain in their jobs longer than anticipated due to low savings rates toward retirement and the impact of last year’s stock market crash on 401k and pension funds.  I’ll have more to say about this later, but it’s going to be a big topic in the years to come.

For Irvine’s full article, “Recession intensifies GenX discontent at work”:  http://news.yahoo.com/s/ap/20091115/ap_on_bi_ge/us_antsy_gen_xers

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