Day: March 23, 2020

How Gen Z Is Revolutionizing Our College Approach

Those in Generation Z are the youngest alive, but their advanced wisdom is considered to be ahead of their years. Today, the average teenager and young adult is all business, putting the bulk of their focus on their future.

Gen Zers are privy to a high-level of socioeconomic consciousness, such as the fact that nearly half of the American workforce is living on less than an $18,000 annual income. As their generation approaches adulthood, they’re searching for a better future than the economical climate they’re observing — and 82% consider college the most realistic way to get there.

To do so, the Gen Z population is completely reshaping how we interact with higher education. At large, students are prioritizing scholarship before work, not even showing interest in summer gigs and after-school jobs. Even though 12.6% of their generation is unemployed, Gen Z will go on to make up nearly a quarter of the American workforce by just 2028. More importantly, this is their preference. But why?

Rising student debt has made Gen Z reluctant toward higher education. This isn’t to say our youngest generation isn’t attending college, because this isn’t the case. Instead, students are taking more strategic approaches in the ways they choose which college to attend and the financial packages they receive. Most just want the assurance they’ll get their money’s – and degree’s – worth before enrolling into a specific university.

gen z college

This is why we’re seeing more K-12 students grow interest in their education. I bet you never thought you’d see a statistic telling you that students are obsessed with learning. Spending almost one hour more per week than within the years of 2005-2009, the average

Gen Z student spends 6.48 hours per week on homework. The number of students engaging in volunteer work has also grown. In fact, it has doubled since 1985-1989, as the average student dedicates 2.66 hours per week to volunteer work.

See Also: Why Volunteering Is Important In Getting Your First Job

Furthermore, nearly half of Generation Z high school students have already earned transferable college credits. This is just another example of how today’s youngest generation is ahead of the game. To put it numerically, 74.8% of 2015’s high school students had earned college credit before completing their K-12 career. In 1985, this number was significantly less — only 58.7% of students achieved this. However, the availability for dual-credit courses was not at the level it is today.

college and gen z

Upon entering college, the generation’s ambition still seems to grow strong. Today, fewer college students than ever are working while in school. Why so? To Gen Zers, education trumps all. However, some do work — they’re just working less.

From 2010-2016, college students worked an average of 6.66 hours per week. During 1985-1989, this number was dramatically higher, and the average college student worked 11.26 hours per week. To put these numbers in another form, 57% of college students held a job from 2010-2016. In 1985-1989, 74% of college students held employment.

Now let’s relate this to national employment.

In December 2019, 145,000 new jobs were created in the U.S. The following month, unemployment fell to 3.5%, which was down from the 3.9% unemployment rate the following year. For those aged 20+, the unemployment rate is even lower. Women older than 20-years-old fall into an unemployment rate of 3.2%, men: 3.1%. Interestingly enough, only 0.7% of Americans have been without work for more than six months.

Still, unemployment numbers don’t describe the entire dynamic of America’s future job market that Gen Z is preparing themselves for. Nearly 9 in 10 of Gen Z college graduates took their desired field’s job availability into account before selecting a major. Today, the fastest-growing American employers are within the service industry, including: retail, healthcare, and hospitality.

However, it’s not even in the interest of most Gen Z students to enter the fields they’re cushioning themselves to fall back on. 92% of Gen Z students expect to work for less than six employers throughout their lifetime. In further ambition, 60% plan to start a business someday, and 38% plan to pursue an advanced degree.

See Also: GenZ and Money: How GenZ Faces Their Financial Fears

For Gen Z, it’s all about employment. In fact, Gen Z is projected to become history’s most entrepreneurial and educated generation yet. Check out the infographic below for the complete analysis explaining how Gen Z is reshaping the college years.
How Gen Z is Reshaping the College Years
Source: Online College Plan

The post How Gen Z Is Revolutionizing Our College Approach appeared first on Dumb Little Man.

Too-real video captures the awkwardness of all your glitchy FaceTime calls

Too-real video captures the awkwardness of all your glitchy FaceTime calls

As more countries go into lockdown due to the coronavirus, people are substituting video calls for face-to-face human interaction in an attempt to maintain both social distancing and their sanity. Unfortunately, video calling is a laggy, pixellated mess even at the best of times — and these are definitely not the best of times, what with everyone stuck bingeing Netflix indefinitely.

Dealing with the problems of these dystopian times, comedians Eva Victor and Alyssa Limperis have released a short clip demonstrating the irritating struggles of chatting on a video call, complete with cut-off sentences and misheard words.  Read more…

More about Video, Video Calling, Quarantine, Coronavirus, and Covid 19

Jumia adapts Pan-African e-commerce network in response to COVID-19

Pan-African e-commerce company Jumia is adapting its digital retail network to curb the spread of COVID-19.

The Nigeria headquartered operation — with online goods and services verticals in 11 African countries — announced a series of measures on Friday. Jumia will donate certified face masks to health ministries in Kenya, Ivory Coast, Morocco, Nigeria and Uganda, drawing on its supply networks outside Africa.

The company has offered African governments use of of its last mile delivery network for distribution of supplies to healthcare facilities and workers. Jumia will also reduce fees on its JumiaPay finance product to encourage digital payments over cash, which can be a conduit for the spread of coronavirus.

Governments in Jumia’s operating countries have started to engage the private sector on a possible COVID-19 outbreak on the continent, according to Jumia CEO Sacha Poignonnec .

“I don’t have a crystal ball and no one knows what’s gonna happen,” he told TechCrunch on a call. But in the event the virus spreads rapidly on the continent, Jumia is reviewing additional assets it can offer the public sector. “If governments find it helpful we’re willing to do it,” Poignonnec said.

Africa’s COVID-19 cases by country were in the single digits until recently, but those numbers spiked last week leading the World Health Organization to sound an alarm. “About 10 days ago we had 5 countries affected, now we’ve got 30,” WHO Regional Director Dr Matshidiso Moeti said at a press conference Thursday. “It’s has been an extremely rapid…evolution.” 

By the World Health Organization’s latest stats Monday there were 1321 COVID-19 cases in Africa and 34 confirmed deaths related to the virus — up from 463 cases and 10 deaths last Wednesday.

Dr. Moeti noted that many socioeconomic factors in Africa — from housing to access to running water — make common measures to curb COVID-19, such as social-distancing or frequent hand washing, challenging. She went on to explain that the World Health Organization is looking for solutions that are adoptable to Africa’s circumstances, including working with partners and governments to get sanitizing materials to hospitals and families.

As coronavirus cases and related deaths grow, governments in Africa are responding. South Africa, which has the second highest COVID-19 numbers on the continent, declared a national disaster last week, banned public gatherings and announced travel restrictions on the U.S.

Kenya has imposed its own travel and crowd restrictions and the country’s President Uhuru Kenyatta urged citizens and businesses to opt for digital-payments as a safer means for transactions.

Across Africa’s tech ecosystem — which has seen significant growth in startups and now receives $2 billion in VC annually — a number of actors are stepping up.

Jumia Nigeria Fleet

Image Credit: Jumia

In addition to offering its logistics and supply-chain network, Jumia is collaborating with health ministries in several countries to use its website and mobile platforms to share COVID-19 related public service messages.

Heeding President Kenyatta’s call, last week Kenya’s largest telecom Safaricom waived fees on its M-Pesa mobile-money product (with over 20 million users) to increase digital payments use and lower the risk of spreading the COVID-19 through handling of cash.

Africa’s largest innovation incubator CcHub announced funding and a call for tech projects aimed at reducing COVID-19 and its social and economic impact.

A looming question for Africa’s tech scene is how startups in major markets such as Nigeria, Kenya and South Africa will weather major drops in revenue that could occur from a wider coronavirus outbreak.

Jumia is well capitalized, after going public in a 2019 IPO on the New York stock exchange, but still has losses exceeding its 2019 revenue of €160 million.

On managing business through a possible COVID-19 Africa downturn, “We’re very long-term oriented so it’s about doing what’s right with the governments and thinking about how we can help,” said Jumia’s CEO Sacha Poignonnec.

“Revenue wise, it’s really to early to tell. We do believe that e-commerce in Africa is a trend that goes beyond this particular situation.”