The business press is full of articles telling companies “what Millennials want” and “how to manage Millennials.” Here’s a simple hint: We want a raise.
My recent research shows that median compensation — wages plus the value of benefits from employers such as health-care premiums and 401(k) contributions — for a 30-year-old in 2014 was below that of a 30-year-old ten years earlier, after inflation. In fact, 30-year-olds today make around the same amount of money that 30-year-olds made in 1984.
The above excerpt was originally published in RealClearPolicy.
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