The Economy's Hidden Asset

Updated: Mar 14, 2019

The interests of employers, who face a tightening labor market, and older workers, who want to remain active and use their skills, is shifting the acceptance of experienced adults in the workplace. The share of men age 65-69 in the workforce rose from 28% to 38% from 1996 to 2016. For women, the percentage rose from 18% to 30%. New entrepreneurs age 55-64 increased from 15% to 25% during the same time period. This reflects a change in the aspirations of individuals but it also demonstrates the impact that mature workers are having on the economy. In a recent article in Fast Company, Chris Farrell, author of Purpose and a Paycheck, describes the advantages that older workers bring to the economy, why they are still working and the approaches they are using to overcome still persistent age discrimination.

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