Too many baby boomers, who also have college degrees, who are able to work until they are 80 years old and have no intent on retiring, preventing jobs from opening up.
Not that I’m blaming baby boomers per se, but if all the jobs in a sector of the economy have been taken, they aren’t hiring.
That, immigration and outsourcing have really made the push for people to go to college a colossal misfire.
I’m 64. Still putting in 55 to 80 hour weeks. 40 years in software engineering with a broad skill set. I get moved to projects that need to be rescued. On completion, it’s on to the next fire drill. My employer runs me hard. I got really close to a countdown to termination for want of work last week. Another rescue popped up. I still need a longer term engagement. A stable 40 hour tasking would be nice.
If there is no demand for jobs in a particular field why choose to get a degree in that discipline? Why not choose a field that is growing, like health care or engineering or construction management?
If people were financially able to retire, they would.
I’m in that position.
I figure I have at least 10-15 years more. I’m retirement eligible now.
Those Boomers, who are still working, are producing goods and services. That adds to the economy, and ultimately leads to greater demand for whatever goods or services you could produce.
I retired in my sixties and have been retired a couple of years.
I have not looked back—but it will be very difficult for my employer to could find a young person that could effectively do my job.
That is at least partially the fault of the decline in an education system that practices propaganda instead of teaching students critical thinking skills.
There may be a reason many are working extra years.
I recently saw a quip that went something like this:
“I’ve asway been told that two can live as cheaply as one. I have found that it is true, but that it also takes both of us to earn enough to do it.”