Old Workers Are Slowing the Economy
The jobs market is robust on so many levels, but scrape beneath the surface and there are chinks in the armour.
Demographics are the main idea—an ageing population is content with working at all, with benefits and a bit of flextime at the expense of income gains. Whether you buy into that concept or not, you can’t argue with facts.
And the facts are that real wage gains are lame, the workforce and population are ageing and most of the jobs are going to the older demographic cohort, begging the question, “what do they really want?”
My calculations show that those 55 and older took over 50 per cent of all the job gains since early 2009. That is a remarkable achievement for older folks. Those 20-54-year-olds have not fully regained the jobs they had in 2008.
Please, like and subscribe to our youtube channel for the policy-related issue.
Please check a link. Policy-related issue. Please subscribe
No comments:
Post a Comment