Beyond Generational Stereotypes: Unpacking the Causes and Solutions to Work Incentives

Socrates, the ancient philosopher, had expressed concerns about the laziness of the youth, but it is not just a generational issue. Rather, it is the general conditions of the labor market that determine people’s willingness to work. It is important to focus on improving work incentives and addressing these concerns rather than simply pointing fingers at a particular generation.

Generation Z, born between 1997 and 2012, has been unfairly criticized for being lazy and demanding. While it is true that young people adapt their behavior to changing conditions, as noted by Nobel Prize winners Stigler and Becker, changes in behavior should not be hastily interpreted as changes in preferences.

In Switzerland, working hours have decreased over the years due to decreased productivity and increased absenteeism due to illness and accidents. Additionally, wages have grown, leading some people to work less as they can afford to do so. However, it is crucial for work commitment to increase prosperity in society.

Research shows that satisfaction increases with age regardless of the generation. It may be unjustified to criticize Generation Z for being demanding or unsatisfied in the workplace. Instead of blaming a particular generation, efforts should be made to improve work incentives.

It is essential for different generations to work together during times of demographic change and a shortage of skilled workers. Work should be rewarding and enjoyable for everyone involved. By doing so, we can encourage performance without engaging in generational bashing.