Here's why Gen Z could be a big challenge for Jacksonville - Jacksonville Business Journal

the shift from baby boomers to the smaller Gen Z is likely to make the tight labor market an ongoing challenge“This may not be something people are thinking about right now because they’re just trying to worry about next week or next month, but in terms of the next couple years, this is what they need to be paying attention to,” Frey toldFrey said employers and communities will need to invest in workforce development for younger generations.

But there were some exceptions. Atlanta is the eighth-largest metro in overall population, but only has the 27th-largest raw gap. Houston is the fifth-largest metro, but its gap ranks 17th. Provo, Utah, home of Brigham Young University, was the metro area where Gen Z outnumbered millennials by the largest raw total and the highest percentage.

Other college towns, such as Columbia, South Carolina ; Tucson, Arizona ; and Syracuse, New York , also had strong Gen Z populations relative to the millennials, but they'll need to hold on to those students after they graduate to avoid the demographic challenges facing other metros.Experts say the entrance of the relatively small Generation Z at the same time as the large baby boomer generation exits the workforce is one of the biggest factors shaping the entire labor market.

“What is shocking is how many companies are still waiting it out. That this is going to get better. No, it’s not. It will get better than where we are now, but we have been at this trajectory for some time now,”

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here's why Gen Z could be a big challenge for Jacksonville - Jacksonville Business JournalThe small size of Gen Z will pose a significant long-term challenge for companies and communities already grappling with a tight labor force. Here's what it could mean locally.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

CEO Insights: Bradley S. Talbert on Jacksonville's health, economic development - Jacksonville Business JournalThe Business Journal is capturing insights of some of Jacksonville's most prominent CEOs. Here's what Brad Talbert, Chairman of the JAX Chamber has to say regarding 2022 and beyond.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Business News - Latest Headlines on CNN Business | CNN BusinessView the latest business news about the world’s top companies, and explore articles on global markets, finance, tech, and the innovations driving us forward. Great, now all I need is some money to dump into a 401k Good news for you people who don't need money before age 73. The Federal match is unconstitutional: it is illegal to take after-tax govt revenue and incentive a tax-deferred account that is 100% taxed on distributions. Why force 401ks by making it automatic? It has penalties, restricts choices, and 100% of each $1 distribution is taxed!
Source: CNN - 🏆 4. / 95 Read more »

Photos: Jaguars defeat Titans to claim AFC South title - Jacksonville Business JournalImages from the Jan. 7 game in which the Jaguars earned a playoff berth.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

FTC proposes broad ban on noncompete agreements - Jacksonville Business JournalThe FTC's proposed ban on noncompete clauses could have seismic effects on many industries. Here's what businesses need to know.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Bear Hug Brewing prepares Florida debut in Orlando - Jacksonville Business JournalIn Orlando, there are more than 30 breweries and taprooms spread throughout the four-county metro area.
Source: JaxBizJournal - 🏆 599. / 51 Read more »