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 ...
Not in my case. I was working harder and smarter in the years prior to my “force out” than I had ever in my career. I was working too much frankly. Weekends, during “vacations”, after hours... nothing was good enough. But I had a form of cosmic revenge. Since the force out, they had to hire four millennials to replace me, and have gone through several groups of them since. They have never recovered and I still get calls from the business side friends I worked with lamenting the mess they continue to be in. snicker. If they were smart they’d bring me back as a consultant... but the new exec’s ego exceeds his intelligence. Waiting for him to get the boot. But then, at that corp... execs are bullet proof no matter how much they F up.
“Do you tell doctors’ offices you are paying with cash?”
Our adult sons and my wife’s nephews are in their low 50’s and in basically good health.
They need to see a FP maybe once a year for a shot during allergy season and maybe some minor injury.
They pay cash up front and negotiate with the doctor or the clinic. The only paperwork for the office is a statement of the service rendered and paid for. Some docs will give another 10% off if there is no statement of service printed out.
We have heard of people paying their doctors/dentists bills with a Walmart/Home Depot or a Visa Cash gift card.
Bloomberg started a Mueller-type witch hunt to rid the NYC school system ranks of veteran (read: expensive) teachers. He empowered the students to accuse their teachers of just about anything, and actually had administrators walking into classrooms to solicit charges against teachers from students, even if they were entirely fictitious. Some teachers, who had given their entire lives to teaching kids, actually died from stress related conditions during this purge, which is still going on. You will hardly find any teachers now with more than 15 years in the system. The few left know that their survival depends on passing just about every student, even if they don’t attend class, and letting the students get away with just about anything lest they write stuff which could be used for a termination hearing against them. Just sickening, and good only for producing and turning out thousands of illiterate uneducated criminals with no legit way to make a decent living. And Bloomberg wants to run for president!!! Believe me, you need him like you need ebola. Ditto the criminal commie clown now mayor, Comrade DumblASSio, intent on turning NYC into San Fransicko.
At large employers the top 5 most expensive conditions are:
Diabetes
Neoplasms (cancers)
Pregnancy (includes NICU costs which can be huge)
Cardiac (obesity related issues fall here sometimes, like high BP)
Depression
This is only for the treatments not pharmacy costs.
I’ve worked in healthcare my whole career and most recently as a consultant helping employers find digital solutions for the above named conditions (minus pregnancy) and time and time again these are the top 5.
“Now I hope making this post doesn’t jinx me and I walk into work next week to a pink slip!”
Good point and I hope for your sake you’re right - because while all you said is valid advice, I’ve known my share of people who took the same (or similar) steps and got summarily dismissed. Other factors overrode anything they did to forestall being laid off.
Strange isn't it - it's like folks just turn off the learning. We know how things worked out for the Luddites....
So let’s make a company of us 50+ FReepers. Something that......challenges a liberal company. Bwaahahahahahaha!!!
So let’s make a company of us 50+ FReepers. Something that......challenges a liberal company. Bwaahahahahahaha!!!
____________________________________
That’s not a bad idea, you know it would kick ass ... Covfefe Inc.? We’ll need a motto ...
Thank you very much. It is appreciated.
BFL
An Amazon-like company that only sells American-made products and services.
Up to an including a classic American education online for the homeschoolers, with mentors in local areas to pull kids out of bad choices and liberalism.
The logic is simple.
Why keep somebody who is 56yrs old, beginning to show health issues and making twice the salary of their 26yr old replacement?
And tops out at 40hrs, when the kid is willing to do 50-60.
In some cases the extra skills/experience makes the difference. In many others it does not.
Reality. It sucks.
Well Verizon made a bunch of bad decisions and still making them but they figured out is cheaper to outsource than pay me as they were in cahoots with the India outsource company Infosys..They had moved all the development work over 3-4 yrs ago.
The reality is rarely that simple. In tech, the pay for a 26 year old isn’t that much lower than a 50 year old... hell... sometimes it’s higher. In my case, four 110k millenials couldn’t do the job of my one 140k salary. Numbers didn’t benefit the company.
Me too. About a year later, when I went by my old office to drop off a retirement gift to someone who had really had my back, I found out from one of my “replacements” that they hired five people to replace me and that the guy who was instrumental in pushing me out said that, after reviewing what I did that “You can’t understand what a guy does when you work with him for only four months”. I told this young prick to go back and tell his boss to feel fortunate that “I’ve never met someone who was worth going to prison over”. The look on his face was priceless.
I found myself singing that song in multiple verses. It left me with a profound distrust of all large corporations and Government organizations.
The millennials that I work with these days are smart, capable, and diligent in their efforts. They trust their managers and do what they want them to do. They don't get paid much and the cost of living is high relative to their incomes. I had a considerably more prosperous coming-of-age.
I keep my own counsel on such matters. It is the beginning of wisdom.
I have no doubt that obama-care has a lot to do with it. The cost to cover health insurance for a young person is a small fraction of covering someone in their fifties and sixties. It amounts to thousands of dollars per year difference.
The reality is that second-rate managers prefer younger, less experienced people who are docile and obedient, and will put up with quite a lot of abuse. Having agreeable political opinions is important too.
Actual costs of operation, or even competence are much lesser considerations in staffing decisions.
“At large employers the top 5 most expensive conditions are:
Diabetes
Neoplasms (cancers)
Pregnancy (includes NICU costs which can be huge)
Cardiac (obesity related issues fall here sometimes, like high BP)
Depression”
So, the most expensive will still be more prevalent by a wide margin in older workers.
That certainly was the case with my clients. They did everything possible to keep their FTE headcount below the minimum required for participation in ACA-compliant health care plans ("Obamacare").
A corporation where I was once employed laid off everyone who was within six-months of vesting in their 401K company contributions. No provable age discrimination as this simply churned the staff in all age groups.
"It wasn't worth going to prison over".
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