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by topkai22 2332 days ago
Great article. I'm very suspicious of attempts to "blame it on the boomers", but this has some very good analysis that should be built upon.

There are some confounding factors - the baby boom's sheer relative to the preceding and succeeding generations means that at least some of the noted effects would occur even if the "age you got promoted" probability distribution remained the same.

The specific complaints about the consulting and legal industries expansion of the career path have the issue that the size of those firms have grown massively over the time period indicated- McKinsey had 88 staff in 1951, 7700 in the early 2000s and 27000+ by 2018. That’s simply not the same company/industry and not really due to demographic trends.

Overall though, it makes raises some good points (particularly the implication that there is/was positive ageism toward boomers in the selection of executive roles) that are worth reflecting on.

BTW- it’s really Gen X (and the younger boomers) that got hosed here. The boomers really are retiring now and millennials will have plenty of career ahead after that.

1 comments

thanks for the feedback - definitely agree on the consulting point and I think when I dove in that was what most surprised me - its probably Gen X that will be screwed, not the millennials.