Many people from Gen Z are turning away from university and looking for a normal job because some have realized that a long course of study is not for them.
For a long time, Generation Z was considered to be the population group that primarily wanted to get office jobs and management positions in order to earn high salaries.
But instead of studying and looking for top positions, there is now a turnaround among the first of Generation Z: Many are now looking for a job and there are good reasons for this.
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Concern about high loans and fear of artificial intelligence
In several CNBC interviews, young people explained that they have turned away from college and university and are instead looking for a real job. The people asked mentioned jobs such as mechanic, landscape gardener or cleaning specialist. Many are looking for jobs in areas where there is a desperate need for young talent.
Fear of AI drives Gen Z out of university and into the trades
What are the reasons for the change? There are two main reasons given as to why many members of Generation Z give up their studies to work. The online site 3Djuegos.com reports this:
On the one hand, many respondents mentioned the high costs of studying, which they would then have to pay off later. Four to five years of study are very expensive in the USA and it can take decades to pay off a student loan. But this makes many feel dependent on their parents or on paying off the loan.
On the other hand, some people cite the fear of being replaced by AI in their jobs later on as a reason for looking for a more down-to-earth job. Studying IT or a technical degree in general becomes much less interesting with such fears. This is also a reason why many people are now turning to jobs that were long considered unattractive but are now experiencing a renaissance.
Prices and costs play a major role in the current generation. Generation Z is the generation that, compared to other groups, faces the highest prices for basic needs, the highest housing costs and the most debt. And the negative consequences are expected to have a much greater impact than the global financial crisis of the late 2000s: Experts believe that Generation Z is doing badly because they spent a lot of money at the wrong time.