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[quote=Anonymous][quote=Anonymous]I’m surprised that people still get shocked when they are laid off from a job, especially at age 40+.

This is not a new phenomenon. Imho Layoffs are common and should be expected and financially planned for.

The expense, skills and upward trajectory of a 50 year old are very different to an employer than a younger worker. Higher health care costs, larger paychecks, more vacation time off work, more sick time off. Coupled with a declining and outdated skill set, knowledge base and lower productivity compared to younger workers.

No worker should be surprised when they are laid off in this day and age. But older workers should definitely not be shocked by it.[/quote]

Bs older workers are plenty skilled and experienced. Younger workers are just cheaper and companies accept the lower quality work (which is why quality of many things in life have declined since the 80s when this trend started)

But the shock is not of being laid off at 50, but instead the inability to be hired again after. That’s the surprise. You are still capable, more experience, you’ve seen these kind of problems before that companies face and that brings wisdom, but companies discard that for the cheap hire , deal with the resulting lawsuits (like the Pinto case) , and like to keep employees afraid to squeeze more hours out of them. [/quote]

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