Article content

By 2015, 75% of the world’s employees will be young people (ie., the Millennial Generation or Gen Y). The prospects for economic prosperity for this generation are not particularly encouraging, and yet has high and positive expectations.

If we could point to one trend that paints a rather dark picture, it is the coming boom of large numbers of young males with few prospects for economic success. According to a Bank of America/Merrill Lynch report, market turmoil is coming in 2015 due to an underappreciated huge male youth boom (ages 15-29), and the problem is there aren’t enough jobs globally to employ them (180 million in India, 170 million China, 160 million in Africa). The reports goes on to conclude that the more angry young men there are to fight over opportunities and marriageable women the greater the negative impact on economic and social structures.

We apologize, but this video has failed to load.

tap here to see other videos from our team. Try refreshing your browser, or How the Millennial Generation will change the world of work Back to video

Some key findings Deloitte’s third annual Millennial Survey of nearly 7,800 Millennials from 28 countries across Western Europe, North America, Latin America, BRICS and Asia-Pacific about business, government and innovation are: