it is "difficult to find the cloud in the silver lining"
Wsit a minute!
Here comes one now.....
So, the fact that many are coming out of retirement out of necessity might be a factor? That to me seems like a bad thing.
“the workers who have little leverage to demand wage hikes now and in the future” = unmitigated illegal immigration
Welcome to WalMart.
Many of these people are retired, just need a little supplementary income, have time on their hands.
This doesn’t surprise me a bit. My workplace has gotten much older in the last couple of years.
Our workplace employs a bonus system that rewards (on top of usual wage) a premium for being ON TIME. They utilize a precise, digital fingerprint system to measure it. If you are even one second late, you lose the entire week’s premium., which can amount to $ 100 - 200 that week. Grownups know it’s worth it to leave 10 mins early for work; youngsters take a bit longer to catch on.
Younger workers are better with technology, but lack the life experience that is required when one deals with the public. So, it may depend on the position.
Young people who are more mature than their age, are the best treasure a company can find.
it is "difficult to find the cloud in the silver lining"
Wsit a minute!
Here comes one now.....
“As the chart below shows, in October the age group that accounted for virtually all total job gains was workers aged 55 and over.”
Seniors will take low end jobs for the right money. Another unintended consequence of higher entry level wages.
I’m 64 and was just lured back to a position I left earlier this year with a substantial raise. The employer got rid of the 30 y/o I used to work with because he was not at all concerned with customer satisfaction, spent more time trying to get out of work than it would have taken to just do the job, and dressed like a slob.
Work ethic matters!
I am wondering how much of this “increase” is due to holiday hiring, which is usually temporary.