General Discussion
In reply to the discussion: The only solution to the jobs problem is lower the Soc Sec age to age 50. [View all]zipplewrath
(16,698 posts)I didn't talk about making room for young people or their unemployment. But it is a constant across the economic spectrum that organizations (not all) become "top heavy" with more experienced talent than is required. And there is an associated issue of "on the job retirement" of people who have reached the end of their careers, and yet are hanging on for purely short term economic reasons. Those reasons force people into into a binary "all or nothing" choice of retirement or continued work at the levels they have achieved.
And sadly, the experience these people have is desparately needed in nonprofits and in education, two areas traditionally that don't have the economic resources to pay people at the levels that much of the commercial world does. Furthermore, in some blue collar industries, the "longevity" of the physically working class cannot meet the same longevity capacity that more white collar work allows. These people also need to be able to transition into a different economic model, something other than the "retire or stay at your current job".