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70 or Bust - College Essays

70 or Bust

The article 70 or bust is an article that i have to agree to. But in my opinion for this to happen, there need to be two cultural changes:

1) Workers must be willing, at some point, to accept a salary which is lower than the one they had before. Currently, there is such a strong expectation of rising pay with seniority that workers are unwilling to take a lower paying job. Even when they are unemployed. Even when they have been unemployed for several months.

2) Employers must be willing to hire workers who are over 55 years old. (As actual employees, not as temporary consultants.) Currently, the management view seems to be that anyone older is not going to be cost-effective. Combined ...

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they get that pension.

You also ought to factor in the fact that, when a large company has to lay off workers, there is a strong incentive to lay off the older (more expensive) workers to get the maximum dollar return. Experience, even company-specific experience, is apparently not valued at all in lay-off decisions. A small company may actually know what benefit they are getting from individual workers; but in a large one management will be, on their track record on this, ...

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70 or Bust. (2011, April 22). Retrieved May 8, 2025, from http://www.essayworld.com/essays/70-or-Bust/98312

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PAPER DETAILS

Added: 4/22/2011 12:50:11 AM
Submitted By: kingazzes
Category: Economics
Type: Premium Paper
Words: 286
Pages: 2

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