Chronotope’s avatarChronotope’s Twitter Archive—№ 105,267

                1. This is interesting, but also troubling. It doesn't seem to think much about downstream effects. If aging US adults are remaining in the workforce does that make it more difficult for young people to enter or advance because top level positions are taken? qz.com/work/1632602/the-number-of-americans-working-in-their-70s-is-skyrocketing/?utm_source=YPL&yptr=yahoo
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              1. …in reply to @Chronotope
                The potential effects of this phenomenon could go further than that, written in 2011 and updated in 2015 MotherJones had an article on what was then called "The great speedup", the phenomenon of workers forced to do more with no salary increases... motherjones.com/politics/2011/06/speed-up-american-workers-long-hours/
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            1. …in reply to @Chronotope
              A worker at end of the career has far less incentive to pressure their employer for salary increases, quality of life changes, or advancement in a way a young early-career employee would. This means industries w/older workers pushing retirement might have lower growth for labor.
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          1. …in reply to @Chronotope
            Also, workers at end-of-career would seem to be less likely to take risks like labor organization. Beyond that, 'gray' workers, who saved for retirement have less salary requirements than young workers who have no bank to fall back on.
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        1. …in reply to @Chronotope
          Gray workers also have resources and discounts that are made available to retirement-age Americans that set different standards for cost-of-life and healthcare....
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      1. …in reply to @Chronotope
        But there is also potential deformation for how companies target their products when the upper echelon is all post-retirement-age. These people are now setting how the world works and when they fail to retire their viewpoint is stuck somewhere other than services for young folks.
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    1. …in reply to @Chronotope
      In 2015 Bloomberg noted the advantage banks of hiring gray workers: "The bigger reason employers should be recruiting from the older generation is to align their staffing demographic with their customer profiles.” bloomberg.com/opinion/articles/2015-02-10/needed-50-shades-of-graying-workers
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  1. …in reply to @Chronotope
    *for banks
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