According to this week's readings, Fidelity did a study with results that showed "millennials would take an average pay cut of $7,600 if they could improve their career development, find more purposeful work, better work-life balance, or a better company culture". I believe social media has a lot to do with our career perspective. You often see articles on Buzzfeed or other news sites about people quitting their jobs to travel the world or focus on a business endeavor. Most of the time these people document their adventures either by writing a blog or posting videos on YouTube. Eventually, they end up building a following so they can continue living out their passions. Online communities have really opened that door with letting people do things they really love and find meaningful, but also being able to make a living out of it.
I know from personal experience other generations really don't understand why so many millennials are passing up the nine to five jobs to do something they are passionate about even if there is a pay cut. My parents really don't understand my passion for traveling or all the things I want to do in life. They have the mentality that in order to contribute to society you must go to school then join the corporate workforce or if want you can just join the workforce right away. I feel like thanks to the internet and social media, new ways of making money have been created. Just the way social norms have been changing throughout the past decade, millennials are not just looking at dollar signs but instead are following their passions.
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