Younger professionals have had to deal with a tough and unpredictable post-pandemic employment sector. It’s a tight job market with fewer entry-level roles, and there’s new competition in the form of AI-powered automation and displaced experienced workers vying for the same entry-level positions. Ongoing economic uncertainty is causing many companies to hire at a slower, lower rate. Coupled with “the great freeze” that has seen companies reluctant to hire, fire or promote and the all-but-ubiquitous AI screening of job applicants, many feel stuck in stagnant positions but unable to leave them for greener pastures.
But for many younger workers, especially those poised to relocate to pursue more lucrative roles, there is some light in the eastern sky. According to recent research conducted by Glassdoor, pay increases for young workers are expected to outpace inflation for the first time since 2020, which may lead to many millennial and Gen Z workers having increased spending power, which will come as a significant relief for those who feel like they can’t move forward in life or in their careers.
