It all depends onage. Like all good Ponzi schemes Social Security has stretched so long many of the early ‘investors’ have been handsomely cashed out and are now no longer with us.
If you are at the end of the boomers, you would be fifty or so. That is almost as bad of a position as being in your mid thirties to forties.
I understand cpompletely what you are sayin. Social Security should be entirely ended as we kno it, but it is too late for most of us.
I have paid in well over a hundred thousand dollars and that doesn’t incl;ude my employers. I have topped out many years botha s an employee and as self employed. Self employed hurts more, even though the money is the same regardless.
The point to the graph is that the older generations loose their jobs less frequewntly. Many are recipoients of both private and public sector union benefits as well as EEOC rules pertaining to age discrimination.
I have grown to be quite callous about the older generation, particularly ‘the Greatest Generation’ after all they brought us FDR, LBJ, and Carter. They did alot of dammage to the future, as wel;las many great things.
Of course we are all victims of our own time.
Think about that for a moment. You have the choice when downsizing your workforce of retaining cheaper, less experienced labor, or retaining more experienced but more expensive workers.
So what is the difference? The more experienced workers can train an expanding workforce. They know the tricks of their particular trade, and every trade has its tricks. They have seen more, dealt with more problems, and have a greater knowledge base. They grew up with a strong work ethic, often working from the time they were able in a family business or on a farm.
It is worth a little extra to have that skill set, or sometimes several skill sets that experience brings, and showing up for work on time and working until the whistle blows is a plus.
Now, that will vary from workforce to workforce, and I have never worked a union job (this is a right-to work state, and the upstream end of the oil patch isn't union, at least not here). Even EEOC rules won't keep your job if the workforce is 'overpopulated' with older workers, maybe union seniority deals will, but look back at retaining that core workforce who can train new workers when things turn around, and I think you have the answer.
One of the places I have seen a great number of younger workers getting jobs is in the oil patch. Construction in this area and the service industry sector are doing well as well.
But this place is atypical. There's an oil boom on, and people have come to this area from all over--I have seen license plates here from every state--to work.
The biggest obstacle to employment is waiting for that perfect job, with all the benefits, perks, and goodies. They are few and far between and seldom entry-level positions. Get your foot in the door, somewhere, and look for better. It seems you get more offers when you have a job than when you don't.