Video: Gray Ceiling Casts Shadow on Millennials

The unemployment rate for young adults has skyrocketed to more than 16%. For teens (ages 16 to 19) the rate exceeds 255. Slow job growth and delayed Baby Boomer retirement is erecting what I’ve called the “gray ceiling,” the inability of the next generation of employees (Generation X) to move up and the inability of the youngest generation to enter into their first career jobs. In addition, many Baby Boomers who retire from one job don’t stop working. They “pick up” entry-level jobs formerly reserved for young adults to keep busy or supplement their income.

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