Older workers in China and other Asian nations are most vulnerable to displacement from increasing adoption of workplace automation, according to “The Twin Threats of Aging and Automation,” a new report released today by Marsh & McLennan Companies’ Global Risk Center. The convergence of an aging global population with workplace automation is expected to have significant economic and societal consequences, particularly[Read More…]
AARP’s latest study on work and career shows that many older workers are interested in working into retirement, with a focus on flexible work arrangement such as part time work and consulting. KEY FINDINGS In total, more than one-third of working Americans age 50-64 (37%) anticipate working for pay post retirement from their current career. Among those who will seek[Read More…]
The world is aging, and that matters for growth. In the past, an abundant and growing labor pool was a powerful engine of the world economy; today, the number of workers is starting to decline in many countries. This leaves no alternative but for companies, individuals, and governments to work in smarter ways. In an era of profound demographic change,[Read More…]
Historically low birth rates and increasing life expectancy mean that Europe’s working population is ageing fast. In 2012, the continent reached an inevitable demographic tipping point. The percentage of the population at working age fell for the first time in 40 years. It is now forecast to fall every year until 2060. This inescapable trend will have profound implications for[Read More…]
Older workers have reasonably good prospects for extending their working careers according to a new survey of employers by the Center for Retirement Research at Boston College. Although older workers are seen as costing more, they are also viewed as more productive. Overall, over 80 percent of employers said older workers were “as attractive” or “more attractive” than younger employees.[Read More…]
In the face of rapid population ageing and the trend towards early retirement, there is a need to promote better employment opportunities for older people. Much has been said about the need for reform of old-age pensions and early retirement schemes but this may not be sufficient to raise employment rates for older people significantly or to reduce the future[Read More…]
People over 60 have accounted for more than 10 percent of the total number of employed people for two consecutive months, the National Statistical Office said yesterday. According to the report, 2.3 million older people were working at the end of May, or 10.3 percent of the employment total. This reflects the growing number of older people who are actively[Read More…]
The 50-somethings are reshaping the labour market. Over the past decade, ageing baby boomers in the over-55 year age bracket have increased their share of the workforce from 8 per cent to 11.5 per cent, with their job growth in some years topping 10 per cent, an Age/Sydney Morning Herald study has found. The employment forecast has found that there are now[Read More…]
It’s been said that some things simply get better with age, whether it is a vintage car or a fine wine. The same can be said about today’s older workers and job applicants — many of whom are choosing to remain in the workforce far past what had formerly been the expected retirement age. More of these seasoned workers who[Read More…]
In 2025, the proportion of Korea’s older workers will be the highest in the world due to a rapid ageing of the population, says a report from the Organization of Economic Cooperation and Development (OECD). Kim Won-jong, an official from Directorate for Employment, Labor and Social Affairs in OECD, said that Korea’s proportion of aged workers will rise to 28.6[Read More…]
