Fact: “Contrary to popular perceptions Millennials actually stay with their employers longer than Generation X workers did at the same ages. This reflects the fact that Millennials face a labor market characterized by longer job tenure, fewer employer switches and other types of career transitions, and lower overall fluidity in the labor market. 45 Figure 20 shows that Millennials are less likely to have been with their employer for less than …
Interesting to see that millenials actually don’t switch jobs as much.
And it makes me wonder where the old narrative came from. Perhaps it was from the tech world? Because from what I hear, developers are encouraged to switch jobs on a fairly regular basis (usually every 3 years or so), especially in Silicon Valley.
Maybe somewhere along the line, tech company turnover got mixed up with general millennial job turnover, since the tech industry is very overrepresented on the internet and the general developer age in a startup skews lower than the population as a whole.