Friday, February 1, 2013

The Graying of the American Workforce

"Americans Rip Up Retirement Plans"

And from ZeroHedge:

"But perhaps an even more disturbing trend is the conversion of America into a gerontocratic worker society, where the bulk of jobs are handed out to those 55 and over, which puts all young workers, not to mention college graduates, at a major disadvantage relative to far more experienced older workers, who are willing to work for less as they scramble to compensate for retirement shortfalls, and which prevents the natural rotation of the US labor force from older to younger."

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