http://www.fool.com/investing/general/2013/11/10/are-older-workers-hogging-all-the-best-jobs.aspx
According to the Pew Research Center, about 10,000 baby boomers -- those born between 1946 and 1964 -- have been turning 65 each day for nearly three years now. No doubt many of those are celebrating that milestone by retiring from their jobs, but others are continuing to work -- either through choice or need.
On the face of it, that seems like a heck of a lot of new jobs should be opening up, yet unemployment sits well above the 7% mark. Worse yet, young people have uncomfortably high unemployment rates: 21.4% for those 16 to 19 years old, and 12.9% for those aged 20 to 24. For those aged 55 and over, however, the jobless rate is a mere 5.3%.
This discrepancy looks even more glaring when recent studies report that almost half of recent college graduates are working at jobs for which they are grossly overqualified -- jobs that that don't even require a college degree. Conversely, the middle-aged crowd exhibits a high level of enthusiasm for their work, with nine out of 10 respondents aged 50-plus telling Associated Press pollsters that they are satisfied with their jobs. The AP notes that, overall, older workers typically feel happier in their work than younger workers do.
Are retirement-aged workers staying in the workforce longer, thereby keeping good-paying, satisfying jobs out of the grasp of younger wage earners?
(More stuff to Ponder. Article does continue. Zim.)
Mad Poet Strikes Again.
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