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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsOver 45 Forget Working Again At A Decent Job.
Krugman just confirmed what I have been saying about the long term unemployed. If you are over 45 it is very difficult to get back to work. Get ready to retire early.
Le Taz Hot
(22,271 posts)I'm assured that virtually everyone who wants one can get a full-time job and that the growth of part-time jobs is just a myth. Says so right here:
http://www.democraticunderground.com/10024473838
Seriously, speaking as a one who is pushin' 60, the ONLY thing I could find was part time and it's a part-time part-time job (25-30 hours a MONTH).
RKP5637
(67,112 posts)in economics that eventually an inflection point will be reached wherein jobs can not be created for all because of increased population and worker productivity. It's just a matter of numbers. Competent economists, not on the take, will tell one this, but we live in delusional la la land where often hard facts are ignored by those holding the wealth and most politicians.
And the populace is brainwashed to believe oh, just working harder is always the solution, the rest are lazy.
Eventually, it will all cave in as wealth continues to be moved to the few.
warrant46
(2,205 posts)PasadenaTrudy
(3,998 posts)lay off the breeding, that is true...
RKP5637
(67,112 posts)Last edited Mon Feb 10, 2014, 05:10 PM - Edit history (1)
breed. In my time I have met so many colleagues with families that have confessed to me, WTF, how did I get myself into this, it's not what I wanted ... and they ended up divorced, broken families, and all that goes into that. ... because they followed a programmed mindset without thinking where it was leading them.
PasadenaTrudy
(3,998 posts)the conformist life-script..
Tuesday Afternoon
(56,912 posts)treestar
(82,383 posts)Most people that age are working, up to 65+.
I have a problem with this insistence that it's all over for the over 50 crowd. My uncle got a job at over 70 and my aunt who is the most unreliable person on earth keeps getting jobs in her 60s. They are even both drawing retirement - not much, and that's why they keep working.
The economy will right itself eventually.
We also hear young people can't get jobs.
marions ghost
(19,841 posts)I don't see your kind of optimism around me. I see layoffs for those in better jobs and a struggle for low-paid jobs.
The economy may right itself only after much suffering.
treestar
(82,383 posts)With baby boomers, there are a lot of people in the over 45 crowd. And people last longer as far as working years due to better health. My dad always points out how 65 was really old back in the day in which that age was determined. Now it's more like middle age. What a waste if they are not actively contributing.
marions ghost
(19,841 posts)In China when you are over 50 you are out to pasture... I foresee that here if present trends continue.
Your Dad's a WW2 generation. The boomers will not /or don't/ have it as easy as far as older age employment. GenX either.
spinbaby
(15,092 posts)I have a good friend who, at the age of 65, is in a rehab facility with a range of conditions that include kidney failure and congestive heart failure, as well as some significant orthopedic problems that leave her barely able to walk. She had no particular bad health habits, just bad genes. Her life is essentially over before she had a chance to enjoy retirement.
Depending on genetics, nutrition, stress, physical work, and other conditions, some people do wear out at what is nowadays considered to be relatively young.
treestar
(82,383 posts)Naturally it varies. But overall people seem to last longer and have better medical is all I meant.
CK_John
(10,005 posts)Glad to see it's getting traction.
yeoman6987
(14,449 posts)I love the idea. However, if at 67, people are getting around 1400 dollars a month. How much would you get at 50? If it is 900 dollars or something, I can't imagine anyone being able to retire on that. Just interested in the subject but don't see how it could work.
Ron Green
(9,823 posts)Cooperatives, Workers' Self-Directed Enterprises, local economic activity that doesn't extract the profit to Wall Street.
think
(11,641 posts)Le Taz Hot
(22,271 posts)PasadenaTrudy
(3,998 posts)He got a great teaching gig after turning 50. He keeps getting more and more classes and they love him there And he loves the job, most importantly.
Response to PasadenaTrudy (Reply #11)
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uppityperson
(115,681 posts)that has banned them thousands of times?
PasadenaTrudy
(3,998 posts)I didn't see the post in time. What did it say, dare I ask?
uppityperson
(115,681 posts)Response to uppityperson (Reply #22)
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hrmjustin
(71,265 posts)hrmjustin
(71,265 posts)progressoid
(50,013 posts)Retire on what? Fumes?
My retirement account disappeared in the 2001 crash. My wife's 401K (who just lost her job) is enough to live on for about 2 years (if we move into a 1 room apt and fought our cats for dinner).
GoCubsGo
(32,100 posts)I can't touch my pension--what there is of it--until I am 56. I can't touch my paltry 403(b) without a huge penalty until I am something like 65. I am 53. None of it does me any fucking good right now.
I can't bear to think about how long it's been since I've had any job, let alone a permanent job. It's a lot of time spent not building up what retirement I do have. And, there's no end to this hell in sight. Good thing my shitstain governor is refusing to participate in the ACA exchanges and Medicaid expansion. I'll probably drop dead from some stress-related illness because I can't afford to see a fucking doctor. I won't have to worry about surviving forced retirement before long. Lovely how that works, eh?
progressoid
(50,013 posts)demwing
(16,916 posts)Started a new job a year and a half ago. Great pay for what I do, great hours, and free medical.
These reports of individual employability dying at age 50 are exaggerated.
TheMastersNemesis
(10,602 posts)I have not been able to find the article but it was years ago. It revealed that actuarially a worker becomes a liability at 42 due to higher benefits, health care and need for income when their family is in their teen years getting ready to go to college. That means a need for higher income as the children reach college age. On top of that workers over 40 start developing health conditions or pre existing conditions medically. Plus at 42 you do not have the stamina of a 25 year old.
The bean counters would rather see an older worker replaced because younger workers are cheaper. And they can work longer hours because many do not have families yet. Look at what is going on for the 50 somethings and over. The new CEO looks at older workers as something they do not want to invest in.
amerikat
(4,926 posts)I'm very aware that age discrimination is real.
I got laid off beginning of December. With no hope of being recalled
until sometime in the second quarter of the year.
I started tracking down people that I had worked with in the past.
People that knew the quality of my work.
Found one guy that I worked with in 2007.Gave him a call.
He was head of his department.
He was working for a company that I applied to in the past
and got no response.
He returned my call right away. Brief interview and I was being fast tracked.
I start next week. All the good jobs I've ever had I got through knowing someone on the
inside.
The phone number I had for him had been changed. Paid
a few bucks to an online people finder and got his current number.
Hang in there folks. Don't give up!
TheMastersNemesis
(10,602 posts)amerikat
(4,926 posts)I had almost given up hope. Was about to lose my house.
I can pick up the pieces now. Just trying to make it to 66 and
retire on SS and what I can manage to put away in these few short years.
DJ13
(23,671 posts)There are times these "random" events seem a little too well planned.
abelenkpe
(9,933 posts)retired at 45 against my will.
Pretzel_Warrior
(8,361 posts)it is especially true for long term unemployed over 45 looking for a job. It is better to get a lower ranking job if you're in that age bracket and then search for the job you want rather than search and search whilst racking up more months not working.
ladyVet
(1,587 posts)Out of work for almost six years now. Nobody is interested in me at all. For anything.
Now, I know I don't have the job skills that would have made me more employable, but honestly, it wouldn't have made a difference. Nobody is going to hire me, with health issues to boot, when there are lots of healthy twenty-year-olds with college educations to hire.