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Five Myths About Landing a Good Job Later in Life; Conventional Wisdom is wrong
Wall Street Journal ^ | 11/29/2016 | By ANNE TERGESEN

Posted on 11/29/2016 8:01:44 AM PST by SeekAndFind

There’s a stereotypical view of job opportunities for older workers, and it’s not pretty.

It goes something like this. If you’re past 50 and thinking of a career switch, forget it. The opportunities for older workers in the new economy are pretty much nonexistent. And you’re in even worse shape if you’re in your 50s or 60s and retired but want to get back into the workforce in a job that is both challenging and financially rewarding. The only spots available are low-skilled and low-paying—whether that’s burger flipper, Wal-Mart greeter or Uber driver.

Boy, have a lot of people have been misinformed.

The numbers make it clear that the nightmare scenario simply isn’t true. The 55-and-older crowd is now the only age group with a rising labor-force participation rate, even as age discrimination remains a problem for many older job seekers. Workers age 50 or older now comprise 33.4% of the U.S. labor force, up from 25% in 2002. And more than 60% of workers age 65 or older now hold full-time positions, up from 44% in 1995.

In addition, a large part of the long-term increase in employment growth has come from skilled jobs in professional-services industries, according to a 2013 academic paper. Another study found that from 1996 to 2012, just 1.4% of job seekers in their early to mid 50s landed in “old person” occupations—typically “low-paying, low-status” jobs in which older hires outnumber younger hires by at least 2 to 1.

(Excerpt) Read more at wsj.com ...


TOPICS: Business/Economy
KEYWORDS: ageism; hiring; jobs; olderemployees; unemployment
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1 posted on 11/29/2016 8:01:44 AM PST by SeekAndFind
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To: OriginalChristian

Ping.


2 posted on 11/29/2016 8:06:51 AM PST by OriginalChristian (The end of America, as founded, began when the first Career Politician was elected...)
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To: SeekAndFind

I was fundamentally transformed from a 10 year full-time job to being a temp. Can’t live on it, but better than nothing.


3 posted on 11/29/2016 8:08:30 AM PST by bicyclerepair (Ft. Lauderdale FL (zombie land). TERM LIMITS ... TERM LIMITS)
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To: OriginalChristian

Myth 1: I’m not going to find a good job.
REALITY: Baby boomers are getting jobs with better pay, status and working conditions than prior generations of older workers.

Myth 2: You can’t take time off, or you’ll never get back into the workforce
REALITY: About 40% of people who retire take a break and then return to work, typically within two years.

Myth 3: I’m not going to make as big of a contribution as I did in the past.
REALITY: Older workers can play a more vital role than ever.

Myth 4: The only type of work available to older applicants is part time.
REALITY: Since 1995, the number of people age 65 or older working full time has more than tripled.

Myth 5: The chance to be an entrepreneur has passed me by.
REALITY: Americans in their 50s and 60s make up a growing share of entrepreneurs.


4 posted on 11/29/2016 8:08:49 AM PST by SeekAndFind
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To: SeekAndFind

Could be employers don’t want to hire as much from the “participation award” snowflake generation.


5 posted on 11/29/2016 8:08:56 AM PST by baltimorepoet
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To: SeekAndFind

Happy talk to disguise the reality that folks in their 50s and 60s *have* to work because of Obamanomics and the young are getting doors slammed in their faces because too many are on drugs or don’t have a positive work history.

A nice scenario if you wanna make $15/hr screaming at Soros-financed protest rallies.


6 posted on 11/29/2016 8:08:59 AM PST by OrangeHoof (Get used to it - President Donald J. Trump)
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To: SeekAndFind

As I enter this group, I am actively sought by recruiters in consulting. However, want to start social security. Many friends are still working in their fields, only exception: my wife who was an RN. I find that the rigors of nursing make for on-time or early retirement.


7 posted on 11/29/2016 8:09:32 AM PST by cicero2k
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To: SeekAndFind

Ok, well...

Now where is that arsenic I bought 7 or 8 years ago?


8 posted on 11/29/2016 8:09:54 AM PST by Az Joe (11-8-2016-----We're still here President Reagan!!)
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To: bicyclerepair

I was fundamentally transformed by failing eyes, ears, muscles and bladder


9 posted on 11/29/2016 8:10:14 AM PST by knarf
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To: SeekAndFind


10 posted on 11/29/2016 8:11:11 AM PST by SeekAndFind
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To: SeekAndFind

“The 55-and-older crowd is now the only age group with a rising labor-force participation rate,”

That happens after a decade or so of near zero interest rates because the governmental hog is so deep in debt that the Fed has to keep them near zero. The bastards have wrecked the economy and people are scrambling to find what they can do to survive.


11 posted on 11/29/2016 8:11:21 AM PST by DesertRhino (November 8, America's Brexit!!!)
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To: SeekAndFind

But nice spin WSJ.


12 posted on 11/29/2016 8:11:44 AM PST by DesertRhino (November 8, America's Brexit!!!)
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To: baltimorepoet

An experienced older person just wants to get the job done.
The snowflakes want to argue.
Who do you think will get hired?


13 posted on 11/29/2016 8:11:46 AM PST by Farmer Dean (Boating accident?Seriously?)
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To: SeekAndFind

I work for a VERY large tech company here in CA.

At least 1/2 of workers and managers are over 50. Gray beards as far as the eye can see, knocking down substantial salary.

However, a large percentage of new workers come from other countries on H-1B.


14 posted on 11/29/2016 8:11:53 AM PST by Mariner (War Criminal #18)
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To: SeekAndFind

And more than 60% of workers age 65 or older now hold full-time positions, up from 44% in 1995.


That’s what’s known as a statistic. It needs context. i.e. how many of those jobs are, in fact, burger flipper jobs. I know a guy that was a very well paid corporate sales executive that was laid off. After two years of job searching, he ended up working the floor at Lowes. Full time.


15 posted on 11/29/2016 8:12:21 AM PST by Mr. Douglas (Today is your life. What are you going to do with it?)
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To: SeekAndFind

The WSJ is sooooo out of touch


16 posted on 11/29/2016 8:12:35 AM PST by Nifster (I see puppy dogs in the clouds)
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To: SeekAndFind

Whoops.. misread article. Forget the arsenic.


17 posted on 11/29/2016 8:13:02 AM PST by Az Joe (11-8-2016-----We're still here President Reagan!!)
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To: SeekAndFind

Yeah I see them all the time at Home Depot, Walmart, Target, etc... Being 59 that scares me but if I lose my J O B I’m going to invest in myself (dye my hair) and go to Coder Camp:-)


18 posted on 11/29/2016 8:13:06 AM PST by Harpotoo
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To: bicyclerepair

I’m an IT contractor. I actually make more than the employees. Of course, I don’t get their perks, but I prefer it this way. At 63, people love bringing someone like me as a contractor, but they would rather not hire someone so old.


19 posted on 11/29/2016 8:13:28 AM PST by Mr. Douglas (Today is your life. What are you going to do with it?)
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To: SeekAndFind

WSJ lies. There are almost No jobs except mcD, taco stand, uber, and street-rioting / breaking windows for soroz.


20 posted on 11/29/2016 8:13:36 AM PST by faithhopecharity ("Politicians are not born. They're excreted." Marcus Tullius Cicero. $500for an appraisal of gen on)
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