More books by Chris Farrell…
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“The rise of unretirement is good news for the economy’s vitality, the material well-being of individuals in life’s third stage, and for shoring up the financial health of the social safety net.”
“It is notorious that the insatiable factory wears out its workers with great rapidity. As it scraps machinery so it scraps human beings. The young, the vigorous, the adaptable, the supple of limb, the alert of mind, are in demand,” wrote economist Edward Devine in 1909. “Middle age is old age, and the wornout worker, if he has no children and if he has no savings, becomes an item in the aggregate of the unemployed.”
“A common refrain among the prophets of penurious retirement is the belief that the rising number of old folks will drain the economy of its dynamism. The ranks of workers fifty-five and older are projected by the Bureau of Labor Statistics to rise from nearly 20 percent in 2010 to some 25 percent in 2020. The fear is the appetite for risk taking that fuels new products and new markets will diminish with a dramatically aging work force, victims of aching joints, bad backs, and faltering vision. Older workers are hardly considered stalwarts of entrepreneurial ambition and productive energy. They have a reputation for being set in their ways, unwilling to challenge the established order, little interested in the latest technologies and organizational innovations. They”
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