New Old Age - Where have all the older workers gone?
For accuracy, The Great Resignation should be renamed The Grey Resignation. Nearly seventy percent of the five million people who left work in the US during the pandemic were older than fifty-five. Many older leavers are cheerfully heading off to retirement with more valuable homes and fatter stock portfolios. Importantly this reverses an important pre-Covid trend towards older workforces. In the US, the percentage of workers aged fifty-five or older rose from thirteen percent in 2000 to twenty-four percent in 2019 and similar patterns have emerged elsewhere, which is precisely what a lot of governments wanted. (Governments lifted retirement ages to address fears that aging populations would struggle to be supported by a shrinking share of younger workers. Also the longer governments can keep people working and paying taxes, the less they have to care for them.) Now older people are in the throes of a sweeping disappearing act, vanishing from their desks at higher rates than their mid-career colleagues in workplaces around the world. Good for them, not so good for businesses now suffering a brain drain of experienced workers. Now more than ever business needs experienced older workers, inside and out of the boardroom. Companies need to think more about how to attract and retain older workers. Autonomy and freedom will major draws. If you’re an older worker looking to get a job, there’s never been a better time. You hold all the cards. Don’t get a job that suits a business. Get a job that suits you. References “Where have all the older workers gone and will they ever come back?” Financial Times (2022) “Why isn’t labor force participation recovering?” Goldman Sachs (2021) If you liked this post from New Old Age, why not share it? |
Key phrases
Older messages
Why wars will never end
Friday, April 22, 2022
Ask any arms manufacturer what war is good for and they won't hesitate to tell you. It's profit. Lots of it. Even during a pandemic year without any major wars going on anywhere, sales of
Confronting back pain
Thursday, April 21, 2022
Right now, about twenty percent of us are suffering from chronic back pain. In some cases, it's squirming on the floor in excruciating pain. In others, it's enough of a pain to interfere with
How not to waste $40,000 on a fantastic startup idea
Wednesday, April 20, 2022
Tom Cleveland was suffering a mind-shattering headache when he hit on a great idea. What does someone reach for when in pain? Tylenol? Advil? Aleve? But why? Which is the most helpful? Which is the
There is no ending
Tuesday, April 19, 2022
Deborah Carver went to concerts two nights in a row, maskless, packed in clubs with fans and bands. Other than presenting her vaccination card upon entry, everything seemed normal. Like it was before
How to eat cake and lose weight
Monday, April 18, 2022
Our bodies aren't designed to eat the high-sugar, high-carb processed diet that passes for modern nutrition. During digestion, all those carbs turn to glucose which triggers the release of insulin.
You Might Also Like
New and Old #155
Friday, March 29, 2024
Friday roundup and commentary ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
savourites #85
Friday, March 29, 2024
shellfish, annie hall-style | spontaneous song | field trips ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Letters mingle souls
Friday, March 29, 2024
10 things worth sharing this week ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
"The Jesus Fridge" by Jeffrey McDaniel
Friday, March 29, 2024
Your fridge died last week. The light Facebook Twitter Instagram Support Poem-a-Day March 29, 2024 The Jesus Fridge Jeffrey McDaniel Your fridge died last week. The light still came on when you opened
Genres are a funny little concept, aren't they?
Friday, March 29, 2024
Skimm'd with the best deals of the week — Check out what we Skimm'd for you today Subscribe Read in browser March 29, 2024 Daily Skimm Skimm'd with the best deals of the week Update
Cindy Crawford’s Airport Pants Are The *Best* Alternative To Sweats
Friday, March 29, 2024
Iconic.
My Top 3: Regular Little Indulgences
Friday, March 29, 2024
Witty subhead ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Google Wants You to Use AI for Your Next Vacation 🤔
Thursday, March 28, 2024
Don't Trust These 'Reset Password' Pop-ups on Your Apple Devices. Google has released several new ways you can use AI and other tools to help plan your next vacation, including the
GOP congresswoman blames Green New Deal for bridge collapse
Thursday, March 28, 2024
The Green New Deal, for the record, does not technically exist. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Your Zodiac Sign Should Prepare For Love Affairs In April
Thursday, March 28, 2024
Plus, Lili Reinhart's peach glam look, Bustle's beauty awards are here, & more.