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On April 3 the CBS Sunday Morning Show featured a segment on ageism in the workplace. These are the statistics. The chances of finding a job within a year if you are over age 50 is 24%. If you are over 60 you have an 18% chance. Experience is less valuable when younger people will do the job for less. To test the hiring market, 4,000 fictitious resumes including graduation dates were sent to various want ads. The results were predictable. Companies were 40% more likely to hire the younger applicants. Because of this, older workers are involuntarily working part time or dropping out altogether. There are many who will not find jobs again.
What must also be taken into account is that health insurance is, more often than not, lost in the process. Consequently, people over the age of 50 will become a burden on society.
An auto salesman was interviewed who eventually found a part time job in his profession. To see the full report and video click on the link below.
