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Saturday, September 30, 2017
Young People Earn More at Young Companies
June 05, 2014
Biz Stats
Research Finding :
Young People Earn More at Young Companies
Observations :
Workers aged 25–34 earn 3.1% more at firms that are five years old or younger than at well-established firms .
Possible Reason :
One reason may be that youthful workers possess the cutting-edge technical skills that startups are seeking and are willing to pay for it . Demographics at Start ups :
25-to-34-year-old employees make up 27% of the workforces of young firms but just 18% of those at well-established firms (companies that have been around for two decades or more).
SOURCE: Who works for startups? The relation between firm age, employee age, and growth.
Research conducted by : Paige Ouimet of the University of North Carolina and Rebecca Zarutskie of the Federal Reserve Board.
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