The End of Retirement

I guess I feel comforted to know it isn’t just my non-profit occupation which means no retirement, but many more, who have followed more conventional jobs, are also out of luck. Anyway, this is a thoughtful piece “Using history as our guide”—

by Teresa Ghilarducci
Monthyl Review, Volume 58, Number 1

….
The changes in the retirement future of Americans stem from the decline of union contracts, a dramatic shift in presidential and congressional attitudes about government responsibility for social insurance, and the substitution of defined contribution or 401(k)-type accounts for traditional defined benefit pensions….

Jobs and the Older American

Under what conditions can society provide jobs that older people want, not jobs that older people have to take? Currently it seems employers are offering jobs to older people that employers have previously reserved for other marginal workers. Instead of sixty being the new thirty, it would be the new seventeen as older people fill the area with the predicted largest growth in new jobs—retail clerks. This seems to be the direction in which we are going.

Since 1949, men and women over age sixty-five have said “ciao” to the labor market in recessions, and men withdrew from the labor force at the average yearly rate of 2.4 percent and women by 1.5 percent. Yet, in the most recent recession, men over age sixty-five still said “ciao” by 3.9 percent; but women said “hello” by increasing work effort by 5.3 percent. The labor force participation rate for slightly younger men and women, aged fifty-five to sixty-four, was higher over the most recent business cycle. However, if we remember our economics lessons, labor force participation and working are not the same thing. AARP analyst Sara Rix characterized 2002, the year the upturn began, as a mixed year for older workers. Despite the rapid increase in labor force participation, many of the elderly found unfavorable working conditions. If the elderly were laid off, they had half as much chance of being reemployed as younger people. The average duration of unemployment is higher for older workers and rose in 2002; the average search for job seekers over age fifty-five was sixteen weeks, up from 12.7 in 2001. Significantly, older men’s job security has gotten much worse. Their median years of tenure—the number of years a person has been employed by their current employer—has fallen dramatically, by almost 50 percent from 15.3 years for men aged 55–64 to just 10.2 years. (The decline is much smaller for women, from 9.8 years in 1983 to 9.6 years in 2002.)….

Read the entire article here–
http://www.monthlyreview.org/0506ghilarducci.htm

Advertisements

O’Folks (off their rocker)

Old age isn't a disease.

Arctic sunset

© header image

Comments how-tos

For those new to blogs, check out this post *commenting on blogs* Recent comments, on the sidebar blogroll, often have additional or complementary information. Recent revisions of posts themselves may be found by using the search box for "revised". Tech support says spam (ads or worse) is hitting WordPress heavily so if you don't see your comment in 24 hours, send an E-mail and TS will check the spam trap.

RSS BHIC Bringing Health Info to the Community

  • An error has occurred; the feed is probably down. Try again later.

Categories

RSS Nonagenarian news

  • Globe-trotting master of French cuisine Paul Bocuse dies at age 91 - Northwest Herald
    Northwest HeraldGlobe-trotting master of French cuisine Paul Bocuse dies at age 91Northwest HeraldBorn on Feb. 11, 1926, Bocuse entered his first apprenticeship at 16. He worked at the famed La Mere Brazier in Lyon, then spent eight years with one of his culinary idols, Fernand Point, whose cooking was a precursor to France's nouvelle cuisine ...'P […]
  • Montreal loses a hockey legend as Red Fisher dies at age 91 ... - Montreal Gazette
    Montreal GazetteMontreal loses a hockey legend as Red Fisher dies at age 91 ...Montreal GazetteRed Fisher, the chronicler and the conscience of Montreal hockey whose career touched seven decades, died on Friday at age 91.Legendary hockey writer Red Fisher dead at 91The Globe and MailMontreal Gazette sports reporter Red Fisher dies at 91 | CTV ...CTV Newsall […]
  • Oscar-winning actress Dorothy Malone passes away at age 93 - Daily Mail
    Daily MailOscar-winning actress Dorothy Malone passes away at age 93Daily MailOscar-winning actress Dorothy Malone passes away at age 93. By Dailymail.com Reporter. Published: 19:13 EST, 19 January 2018 | Updated: 21:25 EST, 19 January 2018. e-mail. 62 shares. 35. View comments. Actress Dorothy Malone, who won the hearts of ...Oscar winner Dorothy Malone, mo […]
  • Famed L.A. artist Ed Moses passes away at age 91 - Archpaper.com - The Architect's Newspaper
    The Architect's NewspaperFamed L.A. artist Ed Moses passes away at age 91 - Archpaper.comThe Architect's NewspaperThe Architect's Newspaper is the most authoritative voice on architecture and design in the United States.and more »
  • Prominent AIDS crusader Mathilde Krim dies at age 91 - ABC News
    New York TimesProminent AIDS crusader Mathilde Krim dies at age 91ABC NewsFILE- In this Feb. 9, 2011, file photo, The Foundation for AIDS Research, or amfAR, Founding Chairman Dr. Mathilde Krim attends amfAR's annual New York Gala at Cipriani Wall Street in New York. Krim, a prominent AIDS researcher who galvanized worldwide ...Mathilde Krim, Mobilizing […]
  • At age 98, Dottie is still line dancing (Column) - OregonLive.com
    OregonLive.comAt age 98, Dottie is still line dancing (Column)OregonLive.comHer age makes her a fan favorite when the Westernaires perform at retirement homes and memory care centers around Portland. I asked if audiences often comment on her age after a show. "Oh, my yes," Alsman said. "I've never had anyone say they're older ...
  • Former Gov. John Spellman dies at age 91 - KOMO News
    KOMO NewsFormer Gov. John Spellman dies at age 91KOMO NewsOLYMPIA, Wash. (AP) - John Spellman, the last Republican governor elected in Washington state, has died at 91. Spellman's son, Seattle attorney David Spellman, confirmed the death Tuesday. John Spellman served one four-year term as governor following ...John Spellman, last Republican elected Wash […]
  • HIV/AIDS activist Evelyn Farha passes away at age 92 - CTV News
    CTV NewsHIV/AIDS activist Evelyn Farha passes away at age 92CTV NewsHIV/AIDS activist Evelyn Farha, who worked tirelessly as the honourary president of the foundation established by her son, has died. She passed away of pneumonia on Thursday at 92 years old. Evelyn Farha turned the death of her son Ron Farha into a ...Evelyn Farha, longtime HIV/AIDS advocate […]
  • 'Mississippi Burning' KKK leader dies in prison at age 92 - Fox News
    Fox News'Mississippi Burning' KKK leader dies in prison at age 92Fox NewsMembers of police SWAT team wait for former Ku Klux Klansman Edgar Ray Killen to be wheeled out of courthouse after Killen's sentencing in Philadelphia. Members of the Philadelphia, Mississippi police SWAT team wait for former Ku Klux Klansman Edgar ...Edgar Ray Killen de […]
  • Evelyn Farha passes away at age 92 - CTV News
    Evelyn Farha passes away at age 92CTV NewsEvelyn Farha, honourary president of the HIV/AIDS foundation established by her son, has died. She passed away of pneumonia on Thursday Jan. 18, 2018. She was 92 years old. Ron Farha contracted AIDS in the 1980s and before his death in 1993--also of ...
May 2006
M T W T F S S
« Apr   Jun »
1234567
891011121314
15161718192021
22232425262728
293031  

Haeremai Camai Bula Bepuwave Bienvenidos

  • 177,571 visitors

%d bloggers like this: