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Noren said the signs of a coming shift are also apparent in the changing habits of young people, who are increasingly taking to the streets to protest racial and societal inequality, such as through the recent Black Lives Matter protests. He said in the U.S., about 75 per cent of new union membership in 2017 was from people under 35, an indication that younger generations are fed up with their inability to get ahead in the job market as well as the unaffordability of the housing market.
“Millennials are the worst off American generation since World War II by almost every measure, and have experienced lower growth and advancement in the work force than any generation in American history,” Noren said. “People are angry, and it’s going to take compromise to solve the problem. If there is not compromise, then instability is a real concern.”
The Global Business Forum takes place Thursday at the Fairmont Banff Springs.