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In the modern era, our society has experienced massive changes that are felt throughout all facets of the world.
Throughout all sectors of our society, there have been immense alterations that have significantly transformed the world that we live in.
The economy has been one of the most altered aspects of our world in recent years, and much of it has to do with the addition of millennials into the workforce.
The millennial generation is one of the most revolutionary age groups in recent history, and their nuanced outlook on life and work are totally altering the economy.
Millennials are altering all types of entities in our society, and as they are now all old enough to be in the workforce, businesses have had to make changes to accommodate them.
Learning about millennial culture and understanding how they affect the workforce is important when trying to comprehend what the future of the economy will look like.
What Drives Millennials?
Millennials have been significantly changing the entire world around them for the past few decades.
This generation grew up during a tumultuous time in our world, with a collapsing economy during the Great Recession, the War on Terror going on around them, and a major college debt problem – these factors have greatly shaped their thinking and values.
While millennials have been the constant target of criticism for being entitled or lazy, they truly just understand what they want out of life and it is massively different from what their parents’ and grandparents’ generations desired.
Millennials do not falter on what they believe in, and sticking to what they think is important is critical to their generation, which has begun to affect the workplace.
Millennials and the Economy
There are numerous spheres that the millennial generation has influenced, and the economy is one of the most overt.
Millennials have changed much in the years that they have been a part of the workforce and will continue to do so even more as the future progresses.
Millennials have been transforming professional culture, altering office policies, and implementing more technology into the work environment.
Companies understand that workers of this generation want more comfortable office cultures, so they have adopted policies like open offices, and more casual dress codes.
Businesses are aware that millennials want satisfaction from their work along with a paycheck, so they have implemented flexible remote hours and have utilized technologies like employee recognition programs to ensure that they are content.
If you have worked with millennials, you understand how they are different than previous generations, and learning about them and their culture will help you to understand the many changes that are occurring throughout the economy.
In the 21st century, there have been numerous changes to the economy, from increased technology use to transformed business models.
Millennials have driven much of this change and it seems that this generation will only continue to alter the current culture and environment of work.
Understanding this generation and learning about how they are changing professional culture will enable you to comprehend what the future of work will look like around the world.