Your 30s are a prime time to build wealth and get yourself on track for retirement, but that assumes you're employed and making a salary that reflects your years of expertise.
Unfortunately, that's not the case for many American workers. Recent findings from the Gallup World Poll reveal a generational rift in Americans' views of economic opportunity, with young people feeling increasingly downtrodden about job prospects. But why are they so down on the current climate for workers?
Below, we explore reasons bosses are firing people in their 30s, just as they're climbing the ladder.
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Inability to work on a team
For many thirtysomethings, their formative career-building years were spent adapting to remote work during the pandemic. They may not have learned how to work in person on a team, and that's a soft skill that managers find crucial.
You have to learn to collaborate and build relationships with colleagues, particularly if you want to be seen as a productive problem solver and a team player. Those who operate solo could be the first to find themselves on the chopping block.
Little to no AI knowledge
Gen Z is the AI native generation, so where does that leave thirty-year-olds? It could leave them without a job if they don't catch up. Those who are learning to leverage AI, whether they work in healthcare, tech, finance, or beyond, are the same people who are future-proofing their careers.
Those who don't keep up could be left exposed, particularly if they find themselves with a boss who wants to prioritize leveraging AI in the workplace.
AI taking jobs
For those who don't learn to leverage AI, there's a serious risk in letting AI move in and take your role. As Marc Cuban, billionaire entrepreneur, investor, and television personality, has said, some careers are more exposed than others, like entry-level white-collar workers.
Minimal motivation
People in their thirties hustled throughout their twenties, and some are just over it. They're done burning the midnight oil and taking on more responsibilities, especially when it doesn't come with more pay. To avoid burnout, they're willing to take a step back.
And yet that doesn't necessarily align with their company's vision. Depending on their boss, this new laissez-faire attitude could end up putting them in the position to be the first one fired when there are cuts.
Burnout
Working overtime, without getting paid for those additional hours, can wear on an employee. There are only so many weeks of 60+ hours most employees can take, and it might not be long before their general discontent starts showing through the cracks at work.
In a tough job market, it might not be the time to let that frustration with burnout show. Instead, focus on building your self-care outside of the office while still showing up to your 9-to-5.
Lack of continuing education
Your 30s can be a strange spot. You're old enough that it feels like college was decades ago, and you're young enough to believe that you're still on the cutting edge of technology and industry knowledge.
But neither one might be true. Rather than assuming you're too young to need it or too old to learn, you need to proactively keep up with the latest in software and management systems via continuing education.
Continuous underemployment
Once underemployment has started, it can be a tough cycle to break. Each new role wants experience, but how is it possible to get that experience when you can't get a role that reflects your potential? Underemployment also puts you at higher odds of getting fired, particularly if you're seen as a flight risk.
No connection to the workplace
Another casualty of the COVID pandemic and remote work is a sense of connection and belonging to the workplace. This is a soft skill that ingratiates team members with their colleagues and, if it doesn't exist, then there's no one to go to bat for you when your team is facing cuts.
Inflexible boundaries
Boundaries are good! Until they're not. When a company is looking at its various departments and deciding where they can trim headcount, those employees who are less inclined to go above and beyond could be more likely to find themselves facing a tough conversation.
Rather than saying "that's not my job," this is the time to raise your hand and volunteer to learn skills that could help you in the future, regardless of whether you stay in that role.
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Second recession
Those in their late thirties already lived through a recession, and that means now they're being pushed down again. "I and many of my peers were stuck in long term unemployment. Now, at middle age, it's hitting us again, only with age discrimination on top of it," says Reddit user u/Orome2.
Bottom line
Still feeling anxious about the current job market? Look for ways to earn extra money on the side to give yourself a bigger safety net, just in case you find yourself on the chopping block. From finding unclaimed money online to making cash through simple online tasks, putting a few extra dollars in your account each month can go a long way towards making you feel more confident in your financial footing.
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