According to statistics, the work force in Los Angeles is likely continuing its aging trend, with more older workers, those over 55, staying at work for longer.
For one, 65 is no longer the obvious standard retirement age. The number of active workers over 55 has increased steadily, with 40 percent of those over 55 remaining at work. Moreover, twenty-five years ago, only 10 percent of those in the workforce planned to stay beyond their 65th birthday. More recent statistics suggest that 4 out of 10 workers, about half, plan to retire at 65. Many workers stay on the job much longer for a wide variety of reasons.
Moreover, the age of the mix of workers has changed considerably, with lots of older workers staying at their jobs as younger employees also start their careers. This phenomenon is likely a good thing for California and the rest of the country, as older workers often bring several important advantages, including commitment and a strong work ethic.
However, it is an unfortunate reality that many employers, and younger workers generally, see aging workers as a burden who cost a lot of resources and are not quite as with it when it comes to innovation and technology. This is sad since any of these impressions are simply not true. As a case in point, in 2015, over one-quarter of all new businesses were founded by workers over 55.
Thankfully, the law protects older workers from unfair age discrimination. Employers cannot fire, demote or otherwise discriminate against their older employees simply because of their age, nor can an employer refuse to hire older workers. If a California employer chooses to ignore these rules, the employee is able to seek justice through a lawsuit.
No Comments
Leave a comment