Millennials Enter The Workforce
21-year old Maikel Millo, a Millennial, sits alongside 58-year old Raquel Watters, a baby boomer. Watters is also Millo's boss.
"I do all the buying here," Watters told CBS4's Cynthia Demos.
Watters thinks it. Millo makes it happen.
"I work on her ads, all her artwork," Millo told Demos.
He also built her website for RikRak Salon and Boutique from scratch.
Millennials are the first generation who regard behaviors like tweeting, texting, Facebooking, using YouTube and Google... not as astonishing innovations.. but as an everyday part of their social lives.
Millinneals were raised in a world where you got a trophy just for showing up. Red markers weren't used in some schools because it was too harsh. They were told they were destined for greatness and they are in a workforce where unemployment has never been worse.
According to statistics compiled by the Pew Research Center:
- 55% of Millennials age 16 to 29 have a job.
That is the lowest percentage since World War II.
- 25% of people between 25 and 34-years old live with their parents.
And new numbers out this week, say people under 35-years old are worth 68%less than people who same age, 25-years ago.
The occupy Miami protest has turned a spotlight on the growing frustration of Millennials who've suffered unemployment and crushing student loan debt.
For the first time ever, there is now more student debt than credit card debt in America, to the tune of $829 billion in student loans. The average college student has a $24,000 student debt.
Maikel says he feels lucky to have a job. But as hard as it is for a Millennial to get a job, they are essential to the workforce.
And there is a careful balance between what the Millennial can learn and what they can teach.
"I couldn't do without him," said Watters.
"And I couldn't do without her," echoed Millo.
