Saturday, July 17, 2010

Teenagers are being crowded out of the job market by "old" people...Has this happened to you?? See enclosed graphs for proof!

WOW! Old people POWER! Or not...this is a trend that signifies three important demographic changes and their effects on the "youngs" in our economy...(1) Older workers are hanging onto jobs longer to make up for recent losses in retirement funds, (2) Recently retired workers are re-entering the job market because of recent losses in retirement funds or they simply cannot afford to retire, and (3) the coming baby boomer crunch that just numerically is going to swamp the number of young people just in terms of demographics...  For the first since the 50's, older workers outnumber teen workers in competition for the same em' and weep, young people... 

Source for Graphs HERE
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