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"The fight is never about grapes or lettuce. It is always about people." Cesar Chavez |
:: Monday, July 12, 2004 ::
The sanity of self-employment By Laura Vanderkam, USATODAY
For all of the fretting about discrimination against the silver-haired set these days, 'Younger, less-experienced workers are definitely suffering more in this economy,' says Bruce Tulgan, founder of workplace-research firm Rainmaker Thinking. Workers 55-plus had a 3.9% unemployment rate in May. Those 25-34, meanwhile, faced a 5.6% jobless rate. Straight-out-of-school 20- to 24-year-olds? Try 9.7%.
Labor-market gurus assure us that this climate is temporary. When baby boomers retire, the story goes, employers will beg Gen X and Gen Y workers to fill the gap.
There's just one problem. Boomers aren't going anywhere. Workforce-participation rates among 55- to 64-year-olds actually rose 2% from 2001 to 2002. A boomer cabal that's quite fond of its jobs now runs American business in its own interest.------------------------------------------- posted 6:17 AM :: reference link ::
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