If you are 85 years old and you are not living in a nursing home, you are considered an “available worker” under U.S. Department of Labor statistics — even if you’ve been retired for 20 years.
These are stupid numbers — because they include most retirees.
If you are 85 years old and you are not living in a nursing home, you are considered an “available worker” under U.S. Department of Labor statistics — even if you’ve been retired for 20 years.
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This group is playing fast & loose with the numbers because they want cuts to certain areas of federal spending.
I’m not entirely against this.
However, we’re going into an environment with “tail end” boomers leaving the workforce in droves, which will leave a tighter labor market over the next 15 to 20 years. Companies that want to remain viable in the future will “cultivate the labor” those that don’t change with future demographics, will meander along until extinction.