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(Think Progress)   62% of workers 45-60 will continue to compete with you for jobs because they can no longer afford to retire   (thinkprogress.org) divider line 14
    More: Obvious, Conference Board  
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1341 clicks; posted to Politics » on 02 Feb 2013 at 4:30 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-02-02 08:19:47 PM
2 votes:

edmo: I was going to retire at 56.


But your dyslexia got in the way?
2013-02-02 08:10:12 PM
2 votes:
Retired Jan 1st

Now my plan is to haunt FARK and dispense my wisdom to the masses.
2013-02-02 04:55:42 PM
2 votes:

IlGreven: sammyk: It's not a competition. Experience will always win.

If experience even threatens to cut into profit margin, it's a liability that must be purged.  That's why these "experienced" guys are looking for jobs in the first place.


As an Experienced American, I command a higher salary because I make my employer a metric assload of money more than half a dozen rookies, and at a rate the rookies can't even imagine is possible. I identify and correct problems before the rookies even know they exist. I recognize new opportunities and exploit them for my employer's benefit while the rookies are still trying to remember where the employee break room is. Hiring an Experienced American is an investment in your company's future.
2013-02-02 03:58:47 PM
2 votes:
To be honest. Youts are not that smart.

At my ad agency, we go through them like a cord of wood.
2013-02-02 07:48:14 PM
1 votes:
62% of workers 45-60 will continue to compete with you for jobs

Not if Microsoft continues to release exotic and mystifying layout enhancements like the ribbon bar.
2013-02-02 07:39:13 PM
1 votes:

sammyk: It's not a competition. Experience will always win.


I'd disagree.  When I hire, I look for aptitude over experience.

Someone with great aptitude but low experience will start off slow but rise far.  Someone with great experience but low aptitude will never be any better than the day they were hired.
2013-02-02 06:55:09 PM
1 votes:

Notabunny: I read that today a new GM employee starts at $14/hr, which, when adjusted for inflation, is .03 less than Henry Ford paid in the 19teens before he instituted his $5/day plan.

So while dad and grandpa can't retire, it's ok because it's not like you're going to get a job that pays enough for you to move out, anyway.


Im supporting a family of 4 on less than $14/hr. Sure we get food stamps but thats it, no cash or housing assistance. It can be done, you just have to forget about things like eating out, several hundred channel TV, etc.
2013-02-02 06:31:28 PM
1 votes:

James F. Campbell: AlwaysRightBoy: To be honest. Youts are not that smart.

At my ad agency, we go through them like a cord of wood.

You don't strike me as particularly bright, yourself.


People, when on the internet who feel the need to berate people are rather dull to me.
2013-02-02 04:46:42 PM
1 votes:
a) consumer-driven culture: most people are too stupid to plan for retirement accordingly, as they need the iPhone 5, iPad2, or 65" LED TV because the previous model doesn't have the feature they want
b) many people are still screwed by the housing bubble
c) housing prices will continue to stagnate as boomers try to "cash out" on the massive houses they purchased but have a reduced demand for such housing
d) recessions delay retirements
e) medical technology means longer lifespans, lower infant mortality rate for those with crippling birth defects, illness, etc. leading to higher medical costs
f) longer lifespans mean medical expenses skyrocket, high cost of living
g) higher costs of living mean less consumable income (and conspicuous consumption will have to drop)
h) overly generous benefits/pensions and poor planning to pay for them, particularly of state/local government unfunded liabilities, will weigh heavily upon he economy in the future
i) excessive executive compensation

Result: job market changes, everyone will have to work longer and for less.  Once again, the problems of past generations are kicked down the road to the next.

/yes, I am an economist
2013-02-02 04:40:14 PM
1 votes:
I read that today a new GM employee starts at $14/hr, which, when adjusted for inflation, is .03 less than Henry Ford paid in the 19teens before he instituted his $5/day plan.

So while dad and grandpa can't retire, it's ok because it's not like you're going to get a job that pays enough for you to move out, anyway.
2013-02-02 04:38:52 PM
1 votes:
Damn geezers takin' our jerbs!
2013-02-02 04:37:01 PM
1 votes:
That's why I've been looking into starting a retirement package and really learn how to manage my money while I'm young. I'm 32 and figure it's never too early. Plus every single one of the 50+ co-workers around here advise it.

Anyone know of any good books or podcasts about finances? Looking to buy a house soon and I've got shiat credit but a good down payment on a mortgage. Who knew not having any debt, paying everything in cash and living within my means would one day bite me in the ass for a loan.
2013-02-02 04:31:56 PM
1 votes:
Die at your station, and thank the Job Creators for giving you the opportunity to do so.
wee [TotalFark]
2013-02-02 03:19:47 PM
1 votes:
Quick, someone whine about "boomers"!
 
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