World

Why is Gen Z shifting away from traditional jobs?

The inclination towards entrepreneurship over traditional employment is burgeoning, especially among “Generation Z” (Gen Z, born after 1996), both globally and in Pakistan. The shift stems from various factors.

Many in Gen Z are driven by a desire to break free from the rigid schedules and hierarchical structures of traditional jobs. They crave the freedom to explore the world armed with just a laptop and internet connection, as reported by BBC Urdu.

Desire for autonomy and independence

Gen Z yearns for autonomy and independence, aspiring to be their own bosses and dictate their work conditions. The allure of the dynamic and challenging entrepreneurial environment is strong, propelling them towards starting their ventures.

A comprehensive survey by Lloyds Bank revealed that 60% of Gen Z individuals prefer starting their own businesses over conventional employment. Additionally, 80% express a preference for being their own boss rather than working under someone else.

Another study in the US mirrored this trend, with 50% of young people opting for entrepreneurship over employment, a trend similarly observed in Pakistan and India.

For instance, Ayesha Awan, co-founder of the startup ‘SocialBu,’ made a conscious decision to pursue entrepreneurship during her studies, driven by her aversion to traditional employment. She emphasizes the importance of freedom and creativity in her work.

While familial objections initially arose, Ayesha believes that starting a business has become more accessible, requiring only a laptop and Wi-Fi to connect with a global audience. Despite societal norms favoring jobs as the safer option, attitudes are gradually shifting, especially in countries like Pakistan.

Challenges and opportunities

Salman Shahid, CEO of Gray Matter Global, notes that while many Pakistani youths still seek employment, economic conditions are prompting a growing number to explore alternative income sources. Influencers on social media play a significant role in showcasing these alternatives.

The COVID-19 pandemic has further accelerated this shift in youth attitudes, with internships and freelancing becoming preferred options due to their flexibility and reduced expenses associated with remote work.

Shahid criticizes the job market in Pakistan, where university graduates often settle for low-paying jobs after significant investment in education. He views this as the exploitation of youth by society.

Deciding between a job and entrepreneurship depends on various factors such as personality, environment, and support system. Both options offer advantages and disadvantages. Hamza Ahsan, founder of Applywise, advises aspiring entrepreneurs to persevere despite challenges and criticism.

Ultimately, individuals must carefully evaluate their circumstances and follow their passion when choosing between a job and entrepreneurship.

Related Articles

Back to top button