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Young workers face a new challenge: Older workers aren't retiring
With five generations in the workforce, it’s harder for beginners to get hired or promoted.
The demographic traffic jam also harms societal cohesion by leaving younger groups behind, according to economists Gabriele Guaitoli and Roberto Pancrazi, who study the issue. There aren’t a lot of levers that policymakers can pull to incentivize more start-ups, but it would help to make it easier to obtain small-business loans and to further reduce regulatory barriers. This means creating more tiers for young people to advance — as the legal profession now does with its associate tracks — and moving senior talent into mentorship and training roles.
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