Losing a job is always terrible
At first blush, it wouldn’t appear that older workers have it all that bad intoday’s economy. They got their start long before the economy’s Troubles really began seven years ago (or even 17 years ago). They had time to sock away money while times were still good.
The unemployment rate among workers over 55 is 4.1 percent, compared with 5.7 percent for the population overall, and labor force participation among older workers has been rising since the early 1990s. That’s arguably a better position to be in than that of a young person whose earnings potential has been forever damaged by starting out in the Great Recession.
More older people have been working longer,
sacs goyard prix. (AARP Public Policy Institute)
But the headline statistics hide aharsher reality: older workers who do lose a job spendlonger periods out of work, and if they do find another job, it tends to pay less than the one they left. A new survey from the AARP sheds a lot of light on how older people react to sudden unemployment, what their new work looks like, and why.
Older workers make up a bigger share of the long term unemployed
First, let’s look at long term unemployment data, which show that older people have a harder time landing jobs after losing one. Department of Labor)
Layoffs lead to lower paying jobs
That’s what’s going on, broadly speaking. So what happens if you do find another job? According to the AARP survey, althougholder people oftenfound the working conditions at their new jobs were better than their old one,
prix d un sac goyard, nearly half found that the new job paid less.
The reasons why it takes older workers longer to find new jobs are well known. People who’ve spent a long time developing a specific skill set have more limited options when they go out looking for something new, and indeed, 53 percent of re employed respondents said they changed occupations. Employers can be reluctant to hire someonewho might come with higher health care costs and have a shorter future with the company.
Sometimes, older workers have more savings,
goyard bag, which allows them totake a break before job hunting again even though the survey showed that people who started looking immediately were much more likely to be successful.
Why older workers have a harder time finding jobs
But the top reason why older workers themselves say they’ve had a hard time finding a job is that, well, there aren’t that many jobs out there. Job scarcity, according to workers, trumps age discrimination and even negative self perception as a barrier to employment:
According to Shierholz, workers between ages 54 and 65 earned 13.5 percent less in a new job after losing one. Still, there are a few reasons why older workers might be accepting lower salaries than they enjoyed in the job they lost or quit including working fewer hours than they used to. Asa previous AARP reportexplained, fewer older workers are part time for economic reasons than younger workers. A full 57 percent of part time workers over age 65 put in fewer hours because they’ve retired, or want to stay under their social security earnings limit. She also reiterated the White House’s push for public infrastructure investment,
goyard handbags, which tends to generate job growth in other sectors instead.
In that way, the remedies for unemployment among older workers are different from the things that help younger workers: While vocational programs andaccess to higher education are seen as the ticket to a better job for those just starting out, those who’ve already spent decades in the workforce have less to gain from a training course that will only benefit them for the few years it takes to get to retirement. That’s why avoiding job loss in the first place is so important.
Lydia DePillis is a reporter focusing on labor, business, and housing. She previously worked at The New Republic and the Washington City Paper. She’s from Seattle.
Continue reading 10 minutes left
Share on FacebookShare Share on TwitterTweetSuperFan badge holders consistently post smart, timely comments about Washington area sports and teams.
More about badges Request a badgeCulture Connoisseurs consistently offer thought provoking, timely comments on the arts,
Sacs Goyard Soldes, lifestyle and entertainment. 相关的主题文章：