An aging population, coupled with low employment rates among Americans older than 62, poses severe challenges to the long-term sustainability of Social Security. Numerous reforms have been proposed to extend their working lives, including raising the retirement age. Such reforms may be unlikely to gain traction -- not because people are so eager to retire, but because age discrimination sharply limits job opportunities. After decades of debate, most labor economists today accept that discrimination has played a role in limiting job market opportunities for minorities and women. There's been a steady buildup of evidence that is hard to refute.
Artificial Intelligence ("AI") is no longer the stuff of sci-fi movies or alien invasions. The technology has permeated everyday life from Siri and Alexa to Facebook and Google. While marketing teams have been relying on AI for years to help streamline business efforts and target consumers, employers have finally joined in on the hype. While the use of AI can be an efficient and cost effective means for employers to handle tasks such as talent acquisition, compensation analysis, and administrative functions, it is not without its challenges. As lawmakers on the federal and state level struggle to catch up with the rapidly changing technology, it is imperative for employers to stay ahead of the curve and ensure that their use of AI is not exposing them to costly litigation.
Older adults have been excluded from some websites that post jobs, according to Illinois Attorney General Lisa Madigan. Older adults have been excluded from some websites that post jobs, according to Illinois Attorney General Lisa Madigan. If you're looking for work, you might start with one of those websites that posts jobs. But if you're an older adult looking for work, you might have found yourself excluded from some of the features on those sites. Illinois Attorney General Lisa Madigan opened an investigation after a 70-year-old man called her office and complained that he'd been unable to use a resume building tool on JOBR, an app owned by Monster Worldwide.
It's important for older women seeking employment to understand the particular challenges they face in the labor market, says economist Teresa Ghilarducci. Editor's Note: For a recent Making Sen e segment, Paul Solman caught up with economist Teresa Ghilarducci to discuss why the job market is harder on aging women than aging men. We asked Ghilarducci to share some of her practical advice from her new book, "How To Retire With Enough Money and How To Know What Enough Is." The book also discusses retirement, savings, Social Security and why you should get rid of your financial planner. Below, Ghilarducci explains what older women face in the job market and some tips on how to beat the odds.
Terri had been laid off recently when her company decided to downsize, and she was having trouble finding a new job. "It's all about adaptability, ability to learn new things and thrive with change, and being able to work in this dynamic, constantly changing environment with lots of opportunity for growth," she said. Terms like "adaptability" tend to be code for "fresh out of school," which Terri understood. She started dying her hair so that her LinkedIn profile photo would look younger. Terri was one of many workers Ilana interviewed from 2013 to 2014 in the Bay Area.