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Monday, August 01, 2016

America's Aging Baby Boomers, Forced To Work Until Death, Blamed For Collapsing US Productivity

The graying of America's workforce will come as no surprise to regular readers. Just earlier this month, we wrote that in a little noticed aspect of the "stellar" June jobs report, the vast majority - or 90% of all new jobs - went to workers 55 and older.
Hardly an outlier, this was the latest confirmation of a very troubling trend: all jobs created since the recession started in December 2007 have gone to workers 55 and older.



Anonymous said...

"..all jobs created since the recession started in December 2007 have gone to workers 55 and older.."

This is a completely bogus statement.

lmclain said...

That's because they (55 and older) go to work EVERY DAY.
They can be depended upon to get the job done without being constantly supervised.
They don't secretly text their friends and check Facebook every ten minutes.
They don't wake up after a big party the night before and call in "sick".
They can follow directions.
Lastly, they have been wiped out by the slimy manipulators of the stock market and HAVE to work --- their kids are living in the house and, in between protests, eat all the food in the house.
You dumbed them down (the younger people) and now you reap the rewards, which are unemployable idots who can't read, write, spell, or speak well.
WHO is going to hire them??
Keep cheering.

Anonymous said...

At 62 yoa, I still enjoy my work. I plan to work at least ten more years. Though my work is better suited for a strong young man, I find the mental stimulation rewarding. However, I will aknowledge an underlying fear for my financial future. I have saved some 150k or so, and my SS will be quite good, I still will have different motivations to continue my work. I would guess that is also the reason other boomers do as well.