Gen Z, who were born in 1997-2010 and are now 12-25 years old, will have a huge influence on the global economy. From research in 6 OECD countries, Oxford Economics forecasts that Gen Z incomes will grow over 7 times and household spending 6 times by 2030.

Gen Z's economic influence will soar with their digital skills and readiness to learn fast, whether about the metaverse or cryptocurrency, meeting the needs of the digital world in the post-COVID-19 era. Gen Z are creative and curious. These skills will help them easily succeed in their careers and earn them high salaries.

So we cannot ignore what Gen Z think. They care a lot about morality and a just society. In recent years, social movements like #BlackLivesMatter and #MeToo have emerged and won their support. Harvard Business Reviews also reports that Gen Z crave space to express themselves. They demand respect for diversity with their strong beliefs and economic influence.

In terms of learning and entering the labor market, society has become more flexible. This generation will likely have to adjust. Economic conditions such as inflation call for clear, consistent approaches. So Gen Z will likely become influential and powerful in the coming years.

Implications for the future:

- Gen Z may being positive changes for social justice.

- Business ethics will be key for companies that want to attract Gen Z.

- New skills for the metaverse will be crucial for Gen Z to enter the labor market and meet the needs of future organizations.

Based on: https://www.oxfordeconomics.com/.../Gen-Z-role-in-shaping..., https://hbr.org/.../dear-ceos-a-gen-zers-open-letter-to..., https://www.aecf.org/.../what-are-the-core...

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