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If You’re Over 50, Chances Are the Decision to Leave a Job Won’t be Yours
ProPublica ^ | Dec. 28, 5 a.m. EST | Peter Gosselin

Posted on 12/30/2018 6:14:10 AM PST by Galatians328

A new data analysis by ProPublica and the Urban Institute shows more than half of older U.S. workers are pushed out of longtime jobs before they choose to retire, suffering financial damage that is often irreversible.

(Excerpt) Read more at propublica.org ...


TOPICS: Business/Economy; Culture/Society
KEYWORDS: agediscrimination; brb; economy
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Families living apart just to stay employed seems to increasingly be the case even for what were previously white collar jobs.
1 posted on 12/30/2018 6:14:10 AM PST by Galatians328
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To: Galatians328

Happened to me a couple years ago. Sucks.


2 posted on 12/30/2018 6:17:55 AM PST by Living Free in NH
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To: Galatians328

Up or out. It happened to me in my 40s.


3 posted on 12/30/2018 6:20:24 AM PST by tellw (ed)
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To: Galatians328
Unless you have a very stable government job like me.
4 posted on 12/30/2018 6:21:08 AM PST by RayChuang88 (FairTax: America's Economic Cure)
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To: Galatians328

“Through 2016, our analysis found that between the time older workers enter the study and when they leave paid employment, 56 percent are laid off at least once or leave jobs under such financially damaging circumstances that it’s likely they were pushed out rather than choosing to go voluntarily.”

And this probably was brought on by a worthless Harvard MBA who was running the firm for which he worked. Harvard MBAs are among the most worthless people with whom I have ever had contact. They are imbued with the mistaken idea that their $hit doesn’t stink, although they know really very little about business and they treat people around the deplorably. The country would ream untold benefits if Harvard was to cease to exist. Yale should probably suffer the same fate.


5 posted on 12/30/2018 6:22:52 AM PST by vette6387
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To: Galatians328

Older workers are being squeezed out because companies are eager to hire all of the hard-working, gung ho Millennials who want to join the corporate rate race, I suppose.


6 posted on 12/30/2018 6:23:58 AM PST by ClearCase_guy (If White Privilege is real, why did Elizabeth Warren lie about being an Indian?)
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To: Galatians328

I’d wager that two of the factors might be that some got “too comfy” and didn’t produce what was expected, and some had solid ethics and morals that were at odds with management - worked hard and did great but were forced for political reason....then there were those who fit the parameters of the meme of the article.


7 posted on 12/30/2018 6:25:01 AM PST by trebb (Put your money where your mouth is - or be deemed "empty hot air worthless")
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To: Galatians328

Unless you are in a “protected class.” gay/muzzy/trans/female/non-White/gluten allergy/.

Any one of them can lie and claim that it was fired because of being one of them, etc. Normal people can’t lie and so are fired.

White Privilege, indeed!


8 posted on 12/30/2018 6:25:51 AM PST by I want the USA back (There are two sexes: male (pronoun HE), and female (pronoun SHE). Denial of this is insanity.)
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To: Galatians328

Ageism is definitely a real thing, especially in Silicon Valley.


9 posted on 12/30/2018 6:26:10 AM PST by AnotherUnixGeek
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To: ClearCase_guy

I was let go but was able to retire. Company wants ‘fresh’,cheap talent and cheap H1B labor.

They don’t understand that you get what you pay for.


10 posted on 12/30/2018 6:27:51 AM PST by Bitman
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To: Living Free in NH
Happened to me a couple years ago. Sucks.

Me too.

11 posted on 12/30/2018 6:27:55 AM PST by Ouderkirk (Life is about ass, you're either covering, hauling, laughing, kicking, kissing, or behaving like one)
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To: Galatians328

If you are a white male, work in the private sector, you had better be prepared to retire at age 55 or be able to maintain your lifestyle and obligations at 1/2 of your peak salary. Just the way it is. Or as your grandfather may have advised: Securely save 1/4 of you ear.


12 posted on 12/30/2018 6:28:31 AM PST by allendale (.)
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To: Galatians328

I was with a company for 24 years. They went public and cut the old timers loose a few years later.
Now been with a new company for 8 years and at age 60 starting to get nervous.


13 posted on 12/30/2018 6:30:12 AM PST by READINABLUESTATE
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To: Galatians328
Laid off at 50 via phonecall while on vacation. No warning...

Turns out it was the beancounters who saw a chance to save $$$ by getting rid of expertise. I was picked up by a company that saw my skills value and potential. I was extremely grateful (12 years ago) and my gratitude has been turned into productive activity for them. The ex-employer has sunk into a festering cesspool and I wouldn't choose to work there now if they doubled my salary. Amazing how these MBA's can filter everything by the $$$ and miss the mark on how what they do affect the total health of the company they supposedly are representing. Most of them (like the Brown Shirts) were the next on the chopping block, so Karma proves again that it's an itch...

14 posted on 12/30/2018 6:30:30 AM PST by Dubh_Ghlase (Oh boy!)
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To: Galatians328
Happened to me 10 years ago at 60 y/o. Ended up on unemployment for 2 years and then early SS.
Blatant age discrimination.
15 posted on 12/30/2018 6:32:40 AM PST by oh8eleven (RVN '67-'68)
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To: trebb

More likely after years of working they are higher paid and the company wants to lower costs. Also medical costs are higher in older workers.


16 posted on 12/30/2018 6:33:45 AM PST by for-q-clinton (This article needs a fact checked)
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To: allendale

Yep. I’m getting there and I’m all about trying to find a way to retire. Medical costs are the tough thing to cover though.


17 posted on 12/30/2018 6:36:26 AM PST by for-q-clinton (This article needs a fact checked)
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To: Bitman

That is what happened with my husband’s last job. He will be pushing himself out of the current one


18 posted on 12/30/2018 6:37:31 AM PST by madison10
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To: Living Free in NH
June 28, 2012 for me.
Market cap July 1, 2012: $3.5B CDN
Market cap December 28, 2018: $1.6B CDN


19 posted on 12/30/2018 6:37:33 AM PST by A Formerly Proud Canadian (I once was blind but now I see...)
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To: ClearCase_guy

Eager Millennials,,,?
Lazy,
Self Absorbed,
No Talent Primadonnas!


20 posted on 12/30/2018 6:37:39 AM PST by Big Red Badger (Despised by the Despicable!)
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