If people get laid off over 50 no one will hire them. There are people wanting work from 50-70 and good people. No one hires them. Yet they will be more stable than some younger people and won’t have sick kids at home etc.
That’s why they (we) drop out of the (official) labor force. One gets tired of nothing but silence or ridicule from hiring departments and recruiters. What the heck, we’ve been sovietized.