'next majority', yeah, we're doomed.
24 replies (most recent on top)
According to a demographic graph I saw on Teamworks for the Generations ERN, the majority of employees at Wells are Millennials, the next majority is GenX, then GenZ, then Boomers, then the Silent Generation. So, it's not very many older folks working at the bank, currently.
FWIW, I got my layoff on my 60th birthday. Seriously.
Was the best thing that ever happened to me. I already was planning to retire a couple months later, but I never told them because I was hoping for a severance.
They really jumped through hoops trying to demonstrate that they were not discriminating against people of a certain age. But the average age of all of us who got a layoff was 59 years old.
On a less pithy note, a pretty big chunk of American industrial knowledge. It's not even just declining educational quality - there are plenty of young guys with the intelligence and work ethic to keep things running, but every available incentive pushes them away from things like chemical and industrial engineering and into tech, where they face fewer regulatory obstacles to get started and can make much more money in a faster-paced environment.
The result of this is that the last two or three boomers who know how to synthesize some obscure lubricant necessary to keep some factory in Pennsylvania running are going to retire, and one of them's going to get hired on as an outside consultant until his brain can no longer function even a fraction of the time, and then that factory's just going to close down forever because there is nobody in the pipeline capable of replacing him. Same deal for all kinds of obscure maintenance tasks. It is terrifying to those in the know - you'd be shocked at how many vital processes depend on some 67 year old engineer never ever dying.
If polls and fund data is to be believed, a pretty small percentage of any age group has sufficient retirement funds saved. I'm on track to retire at 56, but a very very large majority of any age group you want to look at will be working well into their 60s, if not later.
What happens to boomers when they retire?
The Genx'ers will move into the boomer role and then you all can rail on them for being the oldsters.
Then the Millennials, then the Gen Z's or whatever, and the cycle continues.
So, shaddup about the boomers. Your time will come.
"GenX and elder Millennials will still keep things afloat for another 15 years. After that.... god bless and may the odds be in their favor."
Oh, I've got news for you sunshine..... more and more of us Gen X'ers have retired early already. with the help of wells....... once we got the 'golden ticket' we said 'okay, I'm tired of this' and we checked out.
Cheers!
Us, er I mean most boomers are hardened by this point their careers they do tend to be confident, knowledgeable and more willing to speak truth to power. Not a lot of slackers in their ranks. Some but not many proportionately.
You kids need to respect your elders at work would it ki-l you to buy us a doughnut? 🍩 JS
They’ll have to close Des Moines.
Boomers are less than 10% of the company per the teamworks article about generations last month. They’ll go loudly into the night like they always do. Gen Z already outnumbers them.
Did you mean the youngest boomers are 60? The oldest are in their late 70s.
What does that even mean? Not like boomers just retire and take their job with them. Can't speak for anyone else, but I've been hired or promoted by boomers several times, and moved up when other boomers retired. Not sure what this ladder pulling thing is. Haven't seen it.
@qkh+1um4KToQ & @hda+1um4KToQ I have no doubt that every generation believes the same regarding the next gen. It’s the same isht as saying “back in the day…..”. We’re all the same.
AI and offshoring will ki-l a majority of tech jobs so boomers or other generational identies are a don't care. Better get ready for this now and save yourself.
Most of the Baby Boomer generation will be retired by 2030. Although many continue to work after typical retirement age. I'm not sure to what degree that applies to banking. I'm assuming many of those working beyond retirement age are doing part time jobs for extra income.
The oldest boomers are 60, so they really don't have a lot of time left. I think we've seen the majority of them leave already.
about ten layers of lead-poisoned management will evaporate
Not much will happen given tech will all be in India which will Fup everything regardless of generation differences. God Bless.
Depends how high the boomers pull that ladder up before the last of them go.
GenX and elder Millennials will still keep things afloat for another 15 years. After that.... god bless and may the odds be in their favor.
This country is in for a shock when Gen X moves on. The generation behind us Gen X’ers is the beginning of the most incompetent demographic I have had to work with.
In many ways gen Xers are an extension of the boomers when it comes to work production, so they'll be able to keep things afloat for a while. When they move on will be the real challenge, but then again, the real question is what happens to WF when they get rid of all the American workers and replace them with I&P. "Generations" won't matter much at that point.
Nobody will be buying cable TV once they are gone. Also, landlines will not exist any more. There will be nobody to write in all caps.
Are there any left?