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Showing posts from June, 2016

Millennial Unemployment: It's Automation's Fault

The increase in technology has not only shaped the millennial generation, but endangered them as well. As technology improved, creating self automated functions and machines, it has decreased the demand for educated workers. More millennials have invested in a college degree than previous generations of young adults.[1] In fact, millennials are the most educated generation in human history, and yet have the most amount of people unemployed in the last 40 years.[2] As of 2010, 75 percent of 18-24 year olds enrolled into higher education.[3] While the industry of higher education continues to produce well educated young adults, more and more jobs are occupied by automated systems leaving limited opportunities for millennial graduates. The limited amount of jobs and ever-increasing sums of after-college debt has resulted in millennials being forced to settle for jobs that pay their bills, but do not require the four-year degree they earned. According to a McKinsey report, 48% of employed…