Older workers are being squeezed out because companies are eager to hire all of the hard-working, gung ho Millennials who want to join the corporate rate race, I suppose.
I was let go but was able to retire. Company wants ‘fresh’,cheap talent and cheap H1B labor.
They don’t understand that you get what you pay for.
Eager Millennials,,,?
Lazy,
Self Absorbed,
No Talent Primadonnas!
More likely because companies are willing to hire much lower-paid substitute workers in India or China. They typically are “book smart” with advanced degrees but lack real-world experience, customer knowledge, and in most cases, basic common sense. Yet they can be hired at the rate of two or three per one senior US salary and the company can crow about being global and diverse and all that garbage.
Particularly in public companies under pressure to show quartly improvements to investors. Stealing from the future. .
The logic is simple.
Why keep somebody who is 56yrs old, beginning to show health issues and making twice the salary of their 26yr old replacement?
And tops out at 40hrs, when the kid is willing to do 50-60.
In some cases the extra skills/experience makes the difference. In many others it does not.
Reality. It sucks.
Companies are eager to cut costs in hopes that the younger, lower paid hires can deliver a quality product. I'm finding that isn't the case. That's why I'm pulling 55 to 90 hour weeks in 2018 to keep the project on schedule. The millenials engage in lots of "up talking" and hand waving, but don't actually deliver working code. I'm honestly tiring of trying to rescue their bacon. At age 62, the 14 to 18 hour days are getting "over the top".