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I think by now it’s pretty obvious that America is in a recession (seriously, if you think otherwise just take a look around; I dare you), but is it affecting the workplace as much as the wallet? For those of us in Generation Y (people born between 1978 and 1990), it’s unlikely. According to Penelope Trunk, author of The Brazen Careerist,

The health of today’s job market is not so much a function of economic indicators as it is a function of demographic trends. There is a huge shortage of employees. Baby Boomers are retiring and Generation X and Y are less able to replace the Baby Boomers than had been anticipated; employers receive fewer hours of work per person from post-Boomers because of their focus on family (Generation X) and entrepreneurship (Generation Y). Due to these factors, the employee shortage is increasing, and only a knock-down-drag-out recession will change this sunshine outlook for employees.

What this means for recent grads (and current students alike) is that, as the trickle of retiring Baby Boomers picks up steam and the Gen Xers aren’t there en mass to replace the vacancies the Boomers leave behind, employers will be forced to turn to recent grads to fill positions. Assuming you’ve done your part to prepare to enter the workplace, and your wallet can weather the recession storm then look on the bright side - landing a good job might get a little easier.

(image via citizen.co.za)

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