A Clash of the Ages?
In 2017 Tim Gurner a Melbourne property developing millionaire caused controversy when he said that millennials (Generation Y & Z) should stop buying smashed avocado toast from hipster cafes. Instead he suggested they should focus on working harder and buying property. Again in 2017 Forbes published an article which stated that millennials were killing the following 5 Industries: Chain Restaurants; Diamonds; Home ownership; Movie Theatres; and Cereal.
In response to statements like these Millennials have taken to the internet to mock baby boomers with memes (an image/video etc that is humorous in nature that is copied and spread through out internet users) for what they perceive as a generation of greedy people hogging all the worlds wealth.
Whilst most people can see that these are stereotypes of these generations, they do highlight the huge issue of generational change.
What does all this generational change mean for the workforce?
The reality is that Australian baby boomers are ageing with a large number of them leaving the workforce to enjoy their retirement. Looking at the graph you can notice that already generation Y outnumbers the baby boomers in the workforce by 9% and generation X outnumbers them by 6%.
