Reply to Explain to me like I am 5...How will we keep growing with an aging population?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My personal thought is that people are going to work longer if they are healthy enough.

A lot of the retirees/forced-out older managers and execs from my F500 company seem to not fully retire.  Even re-emerge with new full-time corporate jobs after a few years off.

My grandpa retired from a corporation at 65 and lived to be 94.  He easily could have worked until 80-85.

If economics change in ways that make it useful or necessary for retiree age people to work, it will happen.[/quote]

Easier to "not retire" when you have an "office job".  Harder to do when you are on your feet and doing manual work at 65+[/quote]

We often don't redesign work and processes until we are forced to.  When we are forced to it is usually because it is economically efficient.

I once toured a factory that spent $10K to build a part-flipping machine for the end of a machine's production line.  Why did they do it?  They did it because after reviewing their workmen's comp. records they discovered that the (mostly middle-aged) production workers who manually flipped the parts were getting expensive shoulder injuries every couple of years.  One injury cost as much as the machine they designed to handle the specific task.

Without economic reasons to reinvent, employers continue on with the status quo. Simply because it's low-effort and cheaper.

For those who mock the UMC white collar workers who still want to work, there are tremendous amounts of expertise, mentoring, insight, etc.  But our economy is still set up to throw people away and disrespect older people because in the past, it was easy to find newbies.

I've given lots of examples (anecdata) above.  I have a corporate acquaintance who after layoff in mid-50s is advertising himself as a home repairman.  This is surprising to me, except for when I think about repairs I've paid for.  I've paid $200-$600 per visit for basic handyman work from licensed professionals because I can afford it and I'm terrified the work will be done wrong and flood my house or burn it down if I half-a$$ it myself.

I definitely believe there is untapped labor force potential out there for people from say 55-75.  My retirement age is already set at 67.[/quote]

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