Thursday, August 22, 2013

Americans Entering Workforce Later And Staying Longer

From The Wall Street Journal, "Elderly More Likely to Be Employed Than Teens" by Ben Casselman:
The decline in youth employment is part of a broader shift in working patterns. Americans are entering the workforce later and staying in it longer than at any time in history. Andrew Sum, a Northeastern University economist and expert in youth employment, points to a remarkable statistic: A decade ago, a 16- or 17-year-old boy was twice as likely to have a job as his 70-year-old grandfather. Today, the grandfather is actually more likely to have a job than the boy. That’s an amazing shift in so short a period of time.
Source: The Wall Street Journal

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