Gen Z and shifting workforce preferences
India, June 29 -- highlighted that some of the skilled service professionals on the platform earn in excess of '40,000 per month, which often exceeds the starting salaries in several IT roles in India. It is an interesting anomaly to what we've studied in economics around sectoral evolution of economies. What does this imply for Gen-Z and Alpha workforces as they enter and adapt to new workforce shifts and dynamics? As per Morgan Stanley Research report "Asia Faces Rising Youth Unemployment Challenge"- India has ~17 per cent youth unemployment in the age group of 16-24, closely followed by Indonesia and China. Part of this is being attributed to the massive explosion in AI across the world, that has taken away entry-level jobs. The remain...
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