Older Workers And Impact On Employment

icenine · #1 09-03-2012, 11:02 PM

Pretty interesting article......

maybe older people do not face as much job discrimination as we think

http://www.latimes.com/business/la-f...,4713974.story

Oerets · #2 09-03-2012, 11:06 PM

Ask one of those elderly workers and I bet you will be told it is because their retirement is $hit (underfunded 401K) or healthcare cost forced them back into the work force.

As far as discrimination just try and find a good paying job with a future in your sixties.

Barney

icenine · #3 09-03-2012, 11:25 PM

The 401k is mentioned as a cause, since they are not as good as corporate pensions.....I would have to say that the decline in good pensions plans must have a impact. But I think people are living longer too. The article makes a point that these workers do not buy as much stuff too, which is bad for the economy.

BlueStreak · #4 09-03-2012, 11:47 PM

We've had a couple older guys make their way into the plant maint. dept., both in their early 60's.

One, John is his name, had a pension from a union job he'd had for over thirty years. His pension went to PBGC and he lost a big chunk of income when his former employer (A paper mill, here in VA.) went through bankruptcy. Doesn't qualify for SS for a few more years.

The other, Rich, was living off a 401k. Funny thing about those...they follow the stock market and the stock market doesn't seem to give a damn if you're ready when it decides to tank. And, if you're drawing from it, instead of paying in when that happens, it never recovers. Better way my ass. Better for who?

Both are good workers, they don't shy away from anything. But, I was watching the one guy, John, pump a grease gun one night. I could tell it was painful. I think he has arthritis pretty bad, but he didn't complain.

Tough deal. I hate to see it.

I like John. The first thing he said to me after he introduced himself was; "Know anybody that collects old stereo stuff around here?" Turns out he's one of us.

Dave

barbara · #5 09-04-2012, 01:46 AM

Where I work, there are a lot of people who would retire if it weren't for the fact they wouldn't have health care.
Too young for Medicare and can't afford to purchase it.

BlueStreak · #6 09-04-2012, 02:52 AM

"".....said Bob Murphy, the mayor of Lakewood, Colo., a community west of Denver with a growing elderly population. "We need to stabilize and sustain a revenue stream in a system [that's built on] where people buy things."""

Really? Ya think so, Mayor Bob? That would be a novel approach.

Dave

BlueStreak · #7 09-04-2012, 02:58 AM

"The share of seniors claiming Social Security benefits fell last year to the lowest level since 1976."

Whoa! I was recently informed by the Fox crew that there are now more people drawing benefits than there are paying into it. Somebodys full of hooey. And, since I pretty much regard FoxNews as a virtual hooey factory...................

Dave

hillbilly · #8 09-04-2012, 03:38 AM

Quote:

Originally Posted by BlueStreak

"The share of seniors claiming Social Security benefits fell last year to the lowest level since 1976."

Whoa! I was recently informed by the Fox crew that there are now more people drawing benefits than there are paying into it. Somebodys full of hooey. And, since I pretty much regard FoxNews as a virtual hooey factory...................

Dave

Now sure how it's possible, but I know a couple that receives a healthy food stamp card each month and they both work full time. How the hell they qualify I don't know. They were talking about it at a ballgame and told my wife that we should apply for them too, but I ended that with: '' we are making it without help, theres no need to get them just because we can ''. I also know a teacher who's kids receive free lunch and her husband works at Nissan building cars for 26.00 per hour. We always sent our kids to school with lunch money on half their income.

But, we don't have nearly as many '' nice things ''.

barbara · #9 09-04-2012, 04:44 AM

Quote:

Originally Posted by hillbilly

Now sure how it's possible, but I know a couple that receives a healthy food stamp card each month and they both work full time. How the hell they qualify I don't know. They were talking about it at a ballgame and told my wife that we should apply for them too, but I ended that with: '' we are making it without help, theres no need to get them just because we can ''. I also know a teacher who's kids receive free lunch and her husband works at Nissan building cars for 26.00 per hour. We always sent our kids to school with lunch money on half their income.

But, we don't have nearly as many '' nice things ''.

If they are cheating the system, turn them into authorities.

merrylander · #10 09-04-2012, 07:19 AM

Worked up until 73 mainly because I enjoyed what I was doing. The last company was bought up by a big Texas company that tried to install their corporate culture (if you could call it a culture) so I retired. The funny part was that I wanted to defer my SS until I retired but they would not let me. Probably should have hired a lawyer to do it but whatever. They sure took most of it back in taxes.