"Every day brings another headline about Gen Z's eroding career prospects, from AI takeover and market volatility to the outlook for entry-level jobs hitting a multi-year low."
"Traditional education no longer guarantees career stability; half of Gen Z job seekers view their degrees as a waste of time, and 44% say they weren't equipped with the right skills."
"Undergraduate freshman enrollment is dropping more than 5% year-over-year as of fall 2024 - the largest decline since 2020, the height of the COVID-19 pandemic."
"The gig economy is no longer an 'alternative' career path; estimates suggest that half of all workers in developed countries will be gig workers by 2027."
Career paths for Gen Z differ significantly from previous generations, featuring instability and uncertainty. The rise of the gig economy has transformed independent work into a mainstream option, with projections indicating that half of workers will be gig-based by 2027. Higher education is failing to secure stable employment, with many graduates feeling unprepared. As a consequence, undergraduate enrollment is decreasing, indicating a shift in career preparation and stability expectations. Economic pressures, such as cost-cutting and layoffs, exacerbate these challenges for youth entering the job market.
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