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Sure, raise retirement age! Who cares that unemployment for older rose 331% in the last decade!

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Phoebe Loosinhouse Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 07:46 AM
Original message
Sure, raise retirement age! Who cares that unemployment for older rose 331% in the last decade!


http://www.huffingtonpost.com/2010/03/05/aarp-unemploym...

AARP: Unemployment for Older Americans Surged 331 Percent Over the Last Decade
Arthur Delaney

First Posted: 03- 5-10 10:18 AM | Updated: 03- 5-10 11:47 AM
Unemployment for Americans 55 and older surged 331 percent over the past decade, according to a new analysis by the AARP Public Policy Institute.

"The data clearly shows that older workers have faced a devastating rise in unemployment, with far-reaching implications not only for their employment status but also for their health and retirement security," said AARP spokeswoman Mary Liz Burns. Burns added that unemployment puts a particularly tough squeeze on middle-aged folks -- who often have to provide for kids moving back home after college and elderly parents.

According to AARP, from January 2000 through December 2009, the total number of unemployed individuals 55 and older rose from 490,000 to 2,114,000. The number of unemployed 65 and up rose from 143,000 to 479,000. And the average duration of unemployment for people 55 and up increased 85.6 percent from 18.7 weeks to 34.7 weeks. For people older than 64, the duration went up almost a third, from 24.8 weeks to 32.9 weeks.



http://minnesotaindependent.com/60314/age-discriminatio...
Age Discrimination Plagues the Unemployed
'Too young not to work but too old to work'
By Annie Lowrey 6/17/10 12:11 PM

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The unemployment rate for over-55s is at the highest level since 1948. Since the recession started, both the number of older people seeking work and the rate of unemployment for over-55s have increased more sharply than for all other demographic groups. And older workers comprise a high share of the long-term unemployed. In May, the average duration of unemployment for older job-seekers climbed to 44.2 weeks, 11 more weeks than the national average. Nearly six in ten older job-seekers have been out of work for more than six months.

There are structural reasons that the unemployment crisis is hitting older Americans so hard. Older workers are more likely to be underwater homeowners, unable to sell their house and move away. They often have highly specific marketable skills, and seek positions more selectively. They also often have skills rendered obsolete by the recession, in outdated trades. But too often, employers illegally presume that older workers will be harder to train, more likely to leave for other positions, less productive, less technologically able or less willing to move and do not hire them for those reasons.

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Still, evidence of age bias in hiring is accumulating in academic research and anecdotal reports to the EEOC, Commission on Civil Rights and AARP. In one famed 2005 study, a Texas A&M economist sent out 4,000 job applications for entry-level positions. (The resumes were only womens.) Older workers were 40 percent less likely to receive a response back. And of the letters sent to Congress last week, a vast majority mentioned age, many coming from older workers who had applied for hundreds of positions, to no avail.

Who will help the over 50 population find work? I have been out of work, laid off from the military/defense industry and apply to anything and everything I am qualified for, but with no luck, one wrote. I am told I am too qualified and when I respond with, I am willing to take this position, take less money, I will give you my experience at that salary, I am still turned away.



http://seminal.firedoglake.com/diary/56008
Catfood, Recession, Unemployment and Healthcare
by: Synoia Monday June 21, 2010 12:10 pm

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Health Care, Raising Medicare Eligibility age to 70

Heres the current and projected Kaiser Permanente Premiums for over 65, $50 copay (2010 are actual).

1/2010 $16650/year
6/2010 $20000/year (25% increase)
1/2011 $24000/year (10% increase for age, 10% for medical inflation)
1/2012 $28800/year (10% increase for age, 10% for medical inflation)
1/2013 $34560/year (10% increase for age, 10% for medical inflation)
1/2014 $41472/year (10% increase for age, 10% for medical inflation)
1/2015 $50764/year (10% increase for age, 10% for medical inflation)

Seniors may be able to work 6 to 12 months per year to pay for medical insurance, eating cat food, and maybe get medical insurance.

Great Legacy Obama. All this to save the medical industry from us, then to save the rich from repaying the money paid them because of our payments into the social security trust fund, relieving then of paying taxes on their total earnings, and means testing social security.

Thanks.



http://www.nytimes.com/2009/04/13/us/13age.html
Longer Unemployment for Those 45 and Older

By MICHAEL LUO
Published: April 12, 2009

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Workers ages 45 and over form a disproportionate share of the hard-luck recession category, the long-term unemployed those who have been out of work for six months or longer, according to the Bureau of Labor Statistics.

On average, laid-off workers in this age group were out of work 22.2 weeks in 2008, compared with 16.2 weeks for younger workers. Even when they finally land jobs, they typically experience a much steeper drop in earnings than their younger counterparts.

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But once older workers lose their jobs, Dr. Munnell said, then its horrible. They have a much harder time finding work again than younger job-seekers do, and statistics appear to show that it is harder for them in this recession than in previous ones. During downturns in 1982 and 2001, workers ages 45 and over were unemployed an average of 19 weeks and just under 17 weeks, respectively.

skip

Older workers must also battle stereotypes about their energy and adaptability, as well as the reality that their health care costs are higher.


You know, you rarely see mentioned what I see as a major factor in age discrimination - the fact that older workers will hurt the group underwriting for health benefits and cause rates to rise. Group plan rates are calculated on prior claims experience for the group. This is what I see as the most direct cause of age discrimination in employment - people see grey hair and think:"High blood pressure, angiograms, heart bypasses, arthritis, etc."

The higher unemployment of the age 50+ population can be linked directly to the fact that we did not decouple health insurance from employment AS WE SHOULD HAVE. Not only did we keep the for-profits in the picture, we strengthened the indentured to your company for health benefits bondage.

At any rate, any Politician or TeaBag deficit cutter who suggests raising the retirement age in light of the retirement picture for older Americans has their heads up their ass and locked and should be called out on it. Plus, I don't want to hear anymore more BS about "retraining" the older workers. It doesn't matter how much retraining occurs if the employers simply don't want this segment of the population.Not to mention that a lot of the people being rejected for employment have skills far beyond the actual position being applied for.








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midnight Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 07:51 AM
Response to Original message
1. I agree.
The higher unemployment of the age 50+ population can be linked directly to the fact that we did not decouple health insurance from employment AS WE SHOULD HAVE. Not only did we keep the for-profits in the picture, we strengthened the indentured to your company for health benefits bondage.
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 07:54 AM
Response to Original message
2. It forces the elderly onto welfare which is a state burden now.
Think your property taxes suck now?
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Vinca Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 07:55 AM
Response to Original message
3. When there are not enough jobs for younger workers,
how do they think there will be even more jobs when the 60-somethings are thrown into the mix? If they want to save social security, there are 2 fixes. #1 - raise the cap, #2 - bring our jobs back to American shores so people can contribute via their paychecks.
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whyverne Donating Member (734 posts) Send PM | Profile | Ignore Wed Jun-30-10 08:40 AM
Response to Original message
4. How in the hell did we go from lowering the retirement age,
(remember "Cash for Geezers") to raising the retirement age; in such a short time?

One of the most powerful forms of stimulus we could apply to our economy right now would be to lower the current Social Security retirement age from the current 65-67 to 55, and increase the benefits back to where they were in inflation-adjusted 1960s dollars by raising them between 10 to 20 percent (so people could actually live, albeit modestly, on Social Security).

http://www.thomhartmann.com/blog/2009/08/cash-geezers-l...

That was less than a year ago.

Oh, I forgot, the right wing ideologues are still in control.
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Phoebe Loosinhouse Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 08:44 AM
Response to Reply #4
5. We didn't. "They" did.
I'm still waiting for any Dems to come out and be openly against raising the retirement age. Crickets so far.

We need to start making noise NOW, not later. We need to make this a big campaign issue.
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whyverne Donating Member (734 posts) Send PM | Profile | Ignore Wed Jun-30-10 08:49 AM
Response to Reply #5
7. We should start screaming that they are acting like "Europeans",
using the Greek austerity model.
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droidamus2 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 08:48 AM
Response to Original message
6. Let's see
Social Security, from what I know, was first instituted because many older citizens were finding themselves unable to get jobs (or a least ones that paid enough to live on) and without any retirement funds thus living in poverty. It was decided that as a society we owed these people, most who had worked all their lives, a 'safety net' in their old age to guarantee at least a small amount of income. Now, in order to save social security, we will just redefine what old is and the ones that are no longer eligible will just have to find jobs. Try getting a job in IT, my field, after you turn 50 it's not impossible but it definitely isn't easy. Try getting a decent job anywhere in these hard economic times. Why is it that when the powers that be talk about social security they never seem to mention that if the cap on income level was removed from social security it would be totally solvent? Gee, could it be that the corporatists like having large pools of labor that are willing to work for low wages because they have no choice. That's it get rid of unions, on one end hire young workers at minimum wage and at the other force those 60-70 to do the same thing. An idea that hit me the other day was the Republicans can't get away with ending Social Security because of the political ramification but if they keep raising the retirement age eventually not many people will get full social security payments. I mean the average life expectancy these days is something like 75 so enjoy those 5 years of social security payments.
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whyverne Donating Member (734 posts) Send PM | Profile | Ignore Wed Jun-30-10 08:56 AM
Response to Reply #6
8. Well I'm home today because they cut me from 5 days to 3.
I guess I should get off my dead ass and start looking for another job. I'm sure there's lots of them out there for a 60 year old guy.

When I had my own business and was paying 16 grand a year in taxes, oh they loved me then. Now I'm just a bum.
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droidamus2 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 09:18 AM
Response to Reply #8
10. I know how it is
I have been looking for an IT job for a couple of years. I am 56 and in a catch 22 position. Since I have been out of the business for a few years and my prior experience (15+ years) were in older technologies I have had to scramble to get up to date on the current platforms. Since I don't have a lot of practical experience on those platforms the job I should really get is a position that would allow be to gain experience (not entry level but close). The catch 22 is that hiring people see 15+ years and say I'm overqualified for the lower level jobs but then they look at my skill set and say I'm not skilled enough for the higher level jobs. Pile on top of that the age bias and it gets hard. Well I have an interview Friday for a database job so I guess I'll just have to keep my fingers crossed. Good luck on your search.
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whyverne Donating Member (734 posts) Send PM | Profile | Ignore Wed Jun-30-10 09:35 AM
Response to Reply #10
13. You too! I'm sure you've heard about employers not wanting to hire
unemployed ITs. That's rough. I'm working for a auto repair supplier and figured that would be more recession proof than a lot of other fields. But nooooo. People don't have enough money to fix up their cars either. Not till they have to.
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Bluenorthwest Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 09:38 AM
Response to Reply #6
14. Life expectancy for whom?
American life expectancy varies from 81 for white women to 70 for African American men.
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droidamus2 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 03:58 PM
Response to Reply #14
19. I just took a guess at the average life expectancy.
I know it is in that area somewhere. If they were going to manipulate the situation I am sure they would start with the average and work out from there.
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Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 09:00 AM
Response to Original message
9. meh, given the state of our nation, the economy and the "recovery"...
I have resigned myself to dying at my desk.
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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 09:19 AM
Response to Original message
11. Recommend
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The2ndWheel Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 09:25 AM
Response to Original message
12. People are living longer, but people are needed less
Something will have to give.
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Autumn Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 09:39 AM
Response to Original message
15. Who cares? It sure as hell isn't the
politicians.You know, the ones who are busy "serving" us.
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Phoebe Loosinhouse Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 02:12 PM
Response to Reply #15
16. Serving us crap on a platter and calling it steak. nt
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suffragette Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 02:58 PM
Response to Original message
17. Outstanding post
Particularly your comment about the need to decouple health insurance from employment and it being a strong and rarely acknowledged factor here.
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inna Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 03:05 PM
Response to Original message
18. Social safety net in the US is weak anyway, but now they are going to try

to dismantle even what little we have. Here's some Austerity for you. :(
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ParkieDem Donating Member (417 posts) Send PM | Profile | Ignore Wed Jun-30-10 04:23 PM
Response to Original message
20. One thing that is so irritating:
"Not only did we keep the for-profits in the picture, we strengthened the indentured to your company for health benefits bondage."

Exactly.

Whatever you think about health care reform, I can't for the life of me figure out why at least the decoupling from employment didn't happen. Most Republicans are for it. Democrats should be too.
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