genx in promotion pinch. trapped in middle.

http://www.theglobeandmail.com/report-on-business/careers/management/management-advice/gen-x-workers-feeling-the-promotion-pinch/article2370587/

The study found promotion rates for members of Generation Y – those born between 1982 and 2000 – have held steady at close to 20 per cent over the three years from 2008 through 2010, while boomers’ promotion rates fell from 5 per cent to 3 per cent. Unexpectedly, promotions of the group dubbed Gen X –born between 1961 and 1981 – fell from 11 per cent to less than 10 per cent.

This was a surprising finding, “because this should be peak years of upward mobility,” Dr. Hunter said...

Voluntary turnover among Gen Ys between 2006 and 2010 declined from 25 per cent to 16 per cent, which can be attributed in part to the economic volatility over the period, but could also be the result of companies shaping work environments to better suit younger employees, Dr. Hunter said.

The survey’s findings are particularly significant for Canadian banks, in which Gen X is by far the largest generational group, comprising up to 60 per cent of the work force, said Karen Forward, a vice-president in PwC’s financial services advisory practice.

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D - since pensions were not paid for by each generation for itself, we are now in a bind. Do we let Boomers retire at 55 - but pick up the tab for their social program exploitation? Or now let them keep working - and have jobs for GenX stagnate instead.