They Work Harder, Not Risk‑Averse, Opposes Early Retirement Claims
Economy / Finance

They Work Harder, Not Risk‑Averse, Opposes Early Retirement Claims

The head of the Economists, Monika Schnitzer, defended the willingness of young people to work against criticism.

“Generation Z works more than the generations before it” the Munich economics professor told newspapers of the Funke media group. “Young people get into the workforce faster and also work more hours than before”. Many can’t even afford their studies without working.

“Now blaming the young feels misplaced. These allegations and blame‑games must end” Schnitzer criticized. “By the way, it is often the older generations who say they have worked enough and choose to retire at 63, or now 64”.

The economist also disagreed with the assessment that young people avoid risk and increasingly pursue a career in civil service. “I beg to differ. They don’t line up for us. In Munich many would rather work for BMW” she said. At the same time, Schnitzer questioned the requirement that teachers be civil servants. “Teachers don’t have to be civil servants” she said. “Professors, too, don’t have to be”.