Wednesday, September 27, 2023

The Daily Money: Younger workers chafe against "difficult" reputation

Gen-Z workers sometimes pivot between fulltime and freelance gigs, craving flexibility. This has fed talk that they make "difficult" employees.

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Wed Sep 27 2023

 

Daniel de Visé Personal Finance Reporter

Good morning! This is Daniel de Visé with today's top headlines.

Meet Ana Bohr. She's a Gen-Zer who has gone between full-time and freelance gigs to build her career around flexibility.

Bohr is one of many young professionals who approach work differently than previous generations: not defining themselves by their jobs, for a start. More than older workers, Gen-Zers prize remote work, varying work hours, and more time off to nurture their mental and emotional selves. All of this contributes to widespread stereotypes that Gen Z and millennials have different priorities, and even that they're just a tad troublesome as employees.

An April survey of more than 1,300 business leaders and managers found that 74% believe it's more difficult to work with Gen Z than other generations. Business leaders cited a lack of technological skills, effort and motivation among those employees born between 1997 and 2012.

Many managers said they need to fire Gen Z employees more frequently than workers from other age groups. Millennials have also been the subject of debate around perceived laziness and entitlement in the workplace.

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Retailers lost an estimated $112.1 billion last year from theft and lost inventory, according to the latest Retail Security Survey from the National Retail Federation.

Angela Weiss, AFP via Getty Images

Retail theft drained billions from stores last year

Tide pods, it seems, have a currency all of their own. Retailers lost an estimated $112.1 billion last year from theft and lost inventory, compared to $93.9 billion in 2021, according to the latest Retail Security Survey from the National Retail Federation.

The report arrives as a growing number of retailers sound alarms on retail theft and organized retail crime: Yes, that is a thing. Target cited theft in the recent closure of nine stores, and Dick's Sporting Goods blamed an uptick in theft for a lackluster quarterly profit.

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About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

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