Document Number: 10969Failure to Launch: Structural Shift and the New Lost Generation - Hard hit by the economy, young adults are taking longer to establish careers, four years longer in 2012 than it took in 1980. Labor force participation for young people is at its lowest since 1972, exacerbated by a loss of blue collar jobs. Meanwhile, college-educated older workers, especially women, are staying in the workforce longer though that doesn't mean they're taking jobs from youth; baby boomer retirements have created more job openings than in the 1990s. The authors call for better alignment between postsecondary programs and career pathways, mixing work and learning for youth, and slower transitions from work to retirement for older workers. (Anthony P. Carnevale, Andrew R. Hanson and Artem Gulish, The Generations Initiative and the Center on Education and the Workforce at Georgetown University, September 2013) ...
Related IssuesEconomic/Workforce Development