This is a few weeks old, but I felt it is relevant here. Noticeably absent from the “speculation” as to the reasons fewer people in their 50’s are working is the elephant in the room: Ageism. I gave up searching for work because it’s painfully obvious my capability is not the issue. AARP has permanent support education for 50+ people trying to get hired.
All I hear about with respect to frustrations being unable to find a job is focused on the youngest, while it’s the eldest that are being forced out at alarming rates. The worst part is we don’t have any recovery path, and some of us are supporting adult children who can’t find work.
We either navigated all the pratfalls life throws at us and have savings enough to “survive”, or we didn’t, and we become another near invisible member of the predominantly elder population of homeless standing by intersections hoping for a handout.
Next January possibly millions of over 50 people thrown out of work and unable to find any job (even minimum wage jobs) will lose their health coverage, since Medicaid begins requiring 20 hours per week of work to qualify.
We are well beyond “fearing dystopia” now. We’ve been living it for a decade, some would say longer.
yeah… you are not seriously engging in search of truth. you are trolling. you will continue to find fault with every study, statistic or fact finding while holding fast to your own conclusions with a vice grip.
I’ll leave these here in case you decide to read them. i won’t wait. bye!
https://generations.asaging.org/older-workers-50-year-high-unemployment-gap/
https://crr.bc.edu/unemployed-and-over-50-need-help/
Just because I don’t agree with you means I am trolling?
The statistics you have posted to support your argument were very easy to criticize. Are my rebuttals incorrect, am I trying to be dishonest, or do you just not agree with me?
Again, this is a study conducted by a lobbying group for older people. Besides that this is an extremely short term study that’s evaluating a 6 month period after a pandemic, and there has since been a recovery to the unemployment of older workers. They were dismissed more often because they were the largest earners and the companies were scrambling to cut cost.
Again… A lobbying group for retirement aged workers. One that at least leaves the question open and doesn’t make an absolute claim that ageism is the reason. “Some of the explanation for the difference is that older people are less malleable – they are fully formed human beings with a specific skill set – and more difficult to fit into existing slots. Another part of the explanation may be age discrimination. Employers worry whether older people can learn new skills and they are not sure how long they will stay. Age discrimination laws may also work against older job seekers; it is illegal to lay off on the basis of age, so employers may just avoid hiring older workers in the first place.”