Comment on Fewer People 55-And-Over Choose To Work. But Why?

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TranscendentalEmpire@lemmy.today ⁨4⁩ ⁨days⁩ ago

Perhaps the higher employment rate of 50+ is just based on them already having a job and keeping it.

Yes, that is one of the things I spoke about. That age bracket has experienced the most stable economy America has ever had and has thus experienced relatively low levels of unemployment.

What you want to look at is at people who are looking for a job.

That is the unemployment rate. Which they are the lowest bracket in.

Are 50+ year olds getting hired at lower rates than younger cohorts?

I haven’t seen any evidence to support that?

eeoc.gov/chart-data-older-american-worker-age-dis…

Let’s actually examine the statistics they are utilizing.

Chart 1: Older Workers Represent less than 5 Percent of New Hires in Most Establishments

Makes sense, they have the lowest unemployment rate, meaning they are searching for jobs less often.

The Older the Workers’ Age Group, the Lower the Level of Education

Also makes sense… Older generations did not have to achieve as high of an education to remain competitive.

A Third of Private Pension Plans Exclude Workers Hired at Age 55 and Over Half at Age 60

That’s how pensions work…? Most people at age 55 and older are going to rollover their 401k into a IRA as most 401k require a set amount of time until they become vetted.

Long-Term Unemployment Falls More Heavily on the Older Worker

Yeah, makes sense. Older more experienced workers are able to hold out longer to find a job that matches their experience levels and pay expectations.

None of these statistics substantiate the claim that older people are being discriminated against.

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