10 ms·
For the Unemployed Over 50, Fears of Never Working Again
- d2viant 16y agoUnless you're on the fast track through management, working within the same company for two decades guarantees that you will have difficulty finding a job at another company should the need arise. Especially in companies like Boeing, where titles such as Internal Auditor and Analyst mean you are essentially a drone doing tasks that do not require critical thinking (I speak from experience). People need to rethink this undue loyalty they have been giving to companies in exchange for a meager pension after 30 years. At some point you need to look out for yourself, your skills and your future employability outside of the company. Perform well at your job, demand the upfront compensation you deserve and take responsibility for your own career...don't leave it in the hands of a large company bureaucracy.
- lsc 16y ago>this undue loyalty they have been giving to companies in exchange for a meager pension after 30 years. I don't know about the private sector, but public sector pensions seem generous to me. Especially if you take the first 'early retirement' plan you can get on, if you live for an above-average period of time, it's really quite a lot of cash. Did you know that after you retire and start drawing a government pension you can go back to work in a different department (while drawing your first pension and a paycheck) and if you stay in that new department for a specified number of years, you can retire again, and draw two pensions? Also, your pension is a percentage of your salary... your salary when you retire, not an average of your salary. That's always been my backup plan, anyhow... if it didn't look like I was going to do ok as a business person by the time I was 30 or so (we're down to a month, and I'd say it looks like I'm doing okay. Not great, but okay.) the plan was to get a government job with a pension. Really, it makes little sense to work for the government when you are young. your pension is calculated based on your age and your years of service, so as far as pension contributions go, years you put in while older earn more pension, and entry-level salaries for most government jobs usually suck compared to the same position in the private sector. so it makes sense to work in the private sector, gain experience and take advantage of the quicker ramp-up in wages while you are young, then at some point switch to a public sector job with a pension as you get older. Now, personally I'm relieved that it looks like I'll be able to make it on my own. I don't really think I have the temperament for public-sector work. But economically speaking, it looks like my backup plan, which is to say, working in the private sector while young and the public sector while old is basically sound. but you do have a good point that staying in one place for 20 years is going to, uh, limit your options when it comes time to move around. I'm just saying, the pensions the public sector kicks out, at least here in California, and assuming you live for a while after you retire, make their total compensation packages look pretty attractive for people capable of that sort of work.
- btmorex 16y agoWell, you're betting that government pensions will stay the same (or get better) over the next 20 or so years. That seems to me like a very bad bet to take. California is basically bankrupt from paying government worker pensions (among other reasons). What makes you think those programs will continue? Private industry is pretty much devoid of pensions for new workers now and my best guess is that government isn't very far away from that.
- lsc 16y ago>Private industry is pretty much devoid of pensions for new workers now and my best guess is that government isn't very far away from that. You may very well be correct. I think it depends on how long and deep this recession is, and how much debt we are willing to take on to support the public sector workers and unions. My point was just that, at least for people retiring now, the pension doesn't seem 'meager' - if you can get the deal the people retiring now are getting, it seems like pretty good deal. (Though yes, I don't know if if that will be possible in the future.)
- mcritz 16y agoI completely agree with your point, but it's important to realize the emotional connection people form with thier job. Would you give this advice to an animator at Pixar?
- jasonlotito 16y agoI think that advice applies even more at companies like Pixar. But think about what the advice is really suggesting: demand your worth, ensure your skills are still marketable, take responsibility. If you're working at Pixar, chances are you are still advancing your skills. You are still marketable. But if Pixar suddenly stagnated, if your advancement stopped, and you were no longer staying up with the market, you have only yourself to blame. Why is it "even more important" at Pixar? Because they are so well known, it's important to evaluate where you are. It's the same for people from Google. Google offers a great work environment, but people still leave. Why? They outgrow Google. They take responsibility, and move forward. As long as your employer is still pushing you forward, by all means stay. The advice isn't to give up on something you love that is helping you. It's when it stops helping you that you need to evaluate that relationship.
- lkrubner 16y ago>People need to rethink this undue loyalty they have been giving to >companies in exchange for a meager pension after 30 years. I do not see the loyalty that you speak of. I see a craving for security. I see a strong desire to stay at one place for 15 years (or 20, or 30). I know a lot of people for whom work is not the #1 priority. (I am not judging these people. They are all healthier, happier, nicer and more sane than I am.) For some of the younger ones, there priorities might be: 1.) education 2.) romantic partner 3.) family 4.) social life 5.) hobbies (motor cycle racing, video games, knitting, yoga, jogging, sailing, fishing, etc) 6.) work For some of the older ones, their priorities might be: 1.) children 2.) romantic partner 3.) parents (if parents are still alive) 4.) social life 5.) hobbies (motor cycle racing, video games, knitting, yoga, jogging, sailing, fishing, etc) 6.) work Work is nowhere near their top priority, though the money it provides forms the basis of everything else they do. But their focus is on the "everything else" rather than the work. To jump around from job to job usually means that work is your #1 priority (or maybe #2). It means you need to keep your skills razor sharp and up-to-date. It means you constantly confront the realities of the market. A great surfer doesn't daydream when they are riding a dangerous wave - that would get them killed. Likewise, a successful freelancer doesn't ignore the market - that will get them killed financially. But, again, when I say all this, I'm not being judgmental about the folks for whom work is the #5th or #6th or #7th priority. I've several friends in that category, and they are all healthier, happier, nicer and more sane than I am. But I do not see the loyalty you speak of. To be truly loyal, these folks would make work their #1 priority and would give 100% of their energy to the corporation. There are exceptions, but that is not what I generally see. In the last 10 years, I've twice worked stints in big corporations. What I saw were a lot of people who would work a strict 9-to-5 schedule, and they would be gone by 4:30 on Fridays. They gave the corporations the minimum effort to keep the job, rather than giving 100% of what they were capable of. That is not what I would describe as loyalty. However, the corporations were in no way loyal to the workers, so the worker's lack of loyalty was wholly rational and entirely justified. The relationship between big corporations and their workers can get dysfunctional. I see that as one of the big problems that big corporations need to wrestle with - possibly the biggest problem that large organizations face is this problem of motivation. Small companies have a different set of problems.
- 16y ago
- brc 16y agoPaywall
- philk 16y agoActually a free registration. If you don't want to register you can go to www.bugmenot.com and find a login that someone else has already made.
- Tichy 16y agoRegistrations are not free.
- barrkel 16y agoEven easier, use a HTTP referrer spoofer (like RefControl in Firefox) and set the referrer to news.google.com or similar, and you never hit the registration wall. Works for FT, WaPo, etc. too.
- brc 16y agoToo much effort - the last thing I need is more newspaper spam begging me to pay up for something I need, with no escape in sight. Maybe if I lived in NY.
- jonknee 16y agoThey won't email you unless you want them to. I have been registered for years and haven't gotten one email. I've also only had to sign in once this year, when I got a new computer. It's well worth the effort.
- hellweaver666 16y agoReally? I was able to read the article free of charge with no nag screens or prompts. I've seen a couple of comments like this lately, and each time - had no paywall pop-up. Is it a geographic thing or something? I'm in the UK so maybe they don't bother targeting people outside the USA?
- prodigal_erik 16y agoWe ought to have a basic income, or at least retraining and job placement that's actually effective. When the country has a surplus of housing stock, threatening her with homelessness is a ridiculously cruel penalty for her inability to personally deduce what our wacky economy wants more of.
- lsc 16y ago>or at least retraining and job placement that's actually effective. Figure out how to do that, even at an exorbitant cost, and you have yourself quite a business model. As far as I can tell, it's not something that has been figured out yet, in the private or public sector.
- tsotha 16y agoRetraining for what? From what I can see retraining efforts are mostly a waste of money - you can apply for as many jobs as you want with a training certificate, but in this economy there are no jobs for people without actual experience.
- yummyfajitas 16y agoYou know, if she wants to postpone homelessness, she could also sell her "breathtaking piece of property overlooking the sound" with a "lighthouse garret atop the house" and move into a studio apt near a bigger city.
- bsaunder 16y agoI'm not sure she and her husband would make it past a credit/employment check to satisfy a landlord.
- yummyfajitas 16y agoOn a 12 month lease, landlords tend to accept a bank statement showing $18x monthly rent in lieu of good credit/employment. Assuming the Seattle area is just as expensive as the NY area, she would only need to have $18k equity in the house to meet that bar.
- exit 16y agohttp://en.wikipedia.org/wiki/Basic_income_guarantee http://en.wikipedia.org/wiki/Basic_income_guarantee
- known 16y agoPeople loathe it as Socialism.
- gmlk 16y agoIn the end it's this question: Either you think we should have to earn a worthy living and to be treated with respect. Or that we have the innate right to a worthy living and to be treated with respect. What is it going to be: The law of the jungle or a more civilized world? All civilization can be explained as "socialism": To be civil to each other, help the needy and not let the strongest take everything?
- known 16y agoI agree. Socialism is preventing race to the bottom. Capitalism is promoting race to the top. We need both to build and sustain a great nation.
- gmlk 16y agoI tend to see capitalism as "father" and socialism as "mother"? You need to earn your fathers respect, but mother gives her unconditional love. Every child needs a little bit of both to grow up happily? One can make do without either one, but life is just so much better with both parents.
- gmlk 16y agoWell, that would be a huge improvement.
- Retric 16y agoI am divided on this issue, on one hand it make it easier to live on the margin. On the other hand it removes the incentive to stay on unemployment vs. getting a job that pays the same amount. Aka. 500$ / week makes anything under 30k a pay cut after commuting expenses, and anything under 40k a minimal increase.
- sbov 16y agoThis story reminds me a bit of my girlfriend's dad. He worked for a defense contractor as a designer. At the time, everything was done freehand. He got laid off in the early 90's and these jobs pretty much dried up, then started to return 5 or so years later. However, everything was now being done with computers and he couldn't get a job in the field. He has worked minimum wage jobs ever since. I feel lucky that in software development I can keep on top of technology trends even if I were unemployed. That is how it has played out so far at least, but will it always? When will the next breakthrough, that which turns the working world on its head, arrive? Hopefully long after I retire, lest I miss the boat like so many did in the past. So far this field generally produces the things that which drive its own productivity, which means by nature I have had an advantage of understanding new tools moreso than other fields may. I have a hard time callously telling these people they must adapt or die because I recognize that adaptation is being pressured upon them by a field foreign to their practice. Its like your boss coming in tomorrow and telling you that your future employability is based upon your ability to understand why 14 year olds are all ga-ga over Robert Pattinson. And if you're reading this and don't know who that is, I expect your resignation by the end of the day.
- Tichy 16y agoThe opposite side I experienced when I bought a German magazine called "brand eins" that focussed on the new kind of work. It was basically cherishing it's target audience into heaven. You came away from it thinking "hey, I can use a mobile phone, so I am a highly skilled and valuable tech worker". I wonder about your girl-friend's dad. I really wish I could draw or design - that skill must have some value. Could he really find no other way to sell his skills? Why could he not learn to use computers?
- sbov 16y agoI haven't really asked those questions - its something that was mentioned to me just before I first met her parents. She doesn't know all the details, and I don't feel comfortable bringing it up with her dad at this point.
- asmithmd1 16y ago
- wheaties 16y agoOlder people are worried they'll be pushed aside for younger, cheaper people with better computer skills. Younger people worry with little experience they'll be pushed aside for older, more knowledgeable people. It's interesting reading both sides of the aisle. Of course this, "In four years of job hunting, Ms. Reid has discovered that she is no longer technologically proficient." is a true telling of why it's taking so long for some people to find work.
- abalashov 16y agoI would agree with d2viant; the most threatening element of a resume is the conception of longevity we inherited from the 20th century social compact of loyalty between eager beavers and large corporations. My work history is peppered mostly with companies of less than 20 people, and a good chunk of it at companies under 10. However, the job or two I have had -- and the interactions I've had with comparable consulting clients -- in places structurally describable as "enterprise" left me with an enormous appreciation of how differently a lot of the labour force there operates. Most of the people I worked with were strict 9-to-5ers of average intelligence who, over time, became highly knowledgeable, deeply entrenched maintenance experts in various legacy systems the company had, which in many cases dated back to the late 1980s; ROI is ROI. They were quite valuable to those companies, operationally. However, they had been there 9, 10, 15, 20 years; they had virtually no transferrable skill sets whatsoever. When that technology does (did) go, so will their jobs, and they will (do) have an extremely difficult time finding another job in a competitive technology market at any place that does not specifically use those systems. Even the folks who played more generally applicable roles like accounts payable analysis, audits, marketing, etc. often became idiosyncratic domain specialists in that very company's very particular business process and very particular product and customer domain in ways that seemed to call into doubt their ability to shift into an analogous role in another place in time and space. The zeitgeist of 1950-1990 at General Electric or Ford Motor Co. has passed; it's not coming back, I fear. If there's any advice I can give to people today so that they don't end up in this situation when they're 50, it's that you have to embrace this "up or out" approach we talk about so much here. Unless you're willingly headed toward management and significant increases in compensation, preferably short-term and relatively liquid, you need to get out after a few years. When I say management, I really do mean management; one of the pathologies I have seen a lot is to give people of the above specimen doing the same kind of grunt work year-on-year managerial-sounding titles to justify further salary increases, but whose jobs still consist of procedures and processes that suffer from the above-mentioned liabilities. But anyway, the company will not take care of you. Company does not care. Probably will not be around forever anyway, at least not in the present form that has any relevance to you whatsoever.
- matrix 16y agoMy experience is similar to yours, and your observations are absolutely spot on. I'm always a little suspicious of anyone who has the job title "Project Manager".
- pmorici 16y agoI can sympathize with the fact that times are difficult but at the same time what does this prototypical worker expect? It sounds like they've been plugging away at an essentially entry level job for 20 years and now they are shocked it's hard to find new work. I think people's problem is that they are refusing to adjust to the reality of the times. Namely that they need to live more frugally and be more proactive about finding a job instead of just submitting a few resumes online or taking an online computer skills course. As if that is some kind of herculean task.
- jasonlotito 16y agoI found it funny when reading the article that the lady took two trips overseas after getting laid off, amongst other things. She didn't spend 4-years looking for a job like the article suggest ("For Ms. Reid, it has been four years of hunting"). No. She's been unemployed for 4-years. "Stunned and depressed, she sent out résumés, but figured she had a little time to recover. So she took vacations to Turkey and Thailand with her husband, who is a home repairman. She sought chiropractic treatments for a neck injury and helped nurse a priest dying of cancer." This also caught me by surprise: "And now, her $500-a-week unemployment benefits have been exhausted." That has to be wrong. Almost 4-years of unemployment? Of course... "She has since cut back, forgoing Nordstrom shopping sprees and theater subscriptions, but also cutting out red meat at home and putting off home repairs." I don't mean to sound harsh. I realize that finding a good job is nice. However, I can only hope to learn from this and remember that it's important to always be learning. Never rest.
- bretpiatt 16y agoI'm not certain that her issue is age related rather than geography. I find it hard to believe that nowhere in the world in the past 4 years is there a job opening she could fill with a MIS and 20 years of experience in audit. 767 jobs on Monster for: audit "masters degree" "information systems" 2 of those jobs are within 20 miles of Seattle, WA (Vashon is an island where you catch a ferry and make it to your job in an hour or so in town). We live in a global labor pool now and people have a hard time accepting that. You may need to go to the work rather than having the option of choosing from a number of jobs right by where you choose to live.
- vaksel 16y agosure there are...but do you think a company would want to interview someone from 500 miles away? How much must they suck...that they have to be desperate enough to seek a job that far away?
- bretpiatt 16y agoIt isn't about "sucking" or not, it is about having a specialized versus generalized skill set. Both candidates and companies have to look outside of their local markets to make a match the more specialized they make their search. We're (I work for Rackspace Hosting) constantly flying people out for interviews from all over as we look to find the ideal person for a role. For a company it is much more expensive to settle and hire a non-ideal candidate over time than it is to spend some money on the interview and selection process. The same applies even for valley based companies -- do you think Google or Facebook have a policy of "local candidates only"?
- lsc 16y agoI've personally moved more than 100 miles for a job, several times. hell, I've interviewed on the other side of the country and I got the job (I ended up getting a better offer in the sf bay area, so I didn't end up going, but I got the job in Virginia, even if I didn't take it.) and I've worked with some other people who worked from home most of the time and commuted more than 100 miles once or twice a week.
- yummyfajitas 16y agoI've recently been contemplating two separate problems we have in this country, and I think I've come up with a partial solution to both. Problem 1: Illegal immigrants. Problem 2: Americans who can't find a job. This seems like a matching problem. I propose that DHS crack down hard on employers of illegal immigrants. To solve problem 2, they must coordinate with local unemployment agencies. DHS will arrest and deport illegal immigrants. For each illegal thus deported, the unemployment benefits of an American (maybe whoever has been on unemployment the longest) will be terminated and they will be ordered to report to work at the former employer of the illegal. Employing a formerly unemployed American will be part of the penalty for the employer of the illegal immigrant. To induce cooperation among employers, we could create an amnesty program. Employers can report their illegal workers to DHS and avoid paying fines. Maybe DHS/Unemployment Office will even give extra help to minimize disruption to your business (i.e., no deportation until the day replacements are available). [edit: to those downmodding, just curious. Is there an obvious flaw in my plan that I'm missing?]
- JustinSeriously 16y agoI didn't downmod you, but a couple potential issues are: - The job market isn't always a zero-sum game, so immigrants aren't always "stealing" jobs from citizens. - Illegal immigrants are often in low-paying jobs involving manual labor, jobs that many citizens wouldn't consider even if they were available. (Anecdotally, I know one landscaping company that offers all their jobs to legal immigrants/citizens first, and if no one takes them they go to H-1B visas, and if those run out they start looking at illegal immigrants.)
- yummyfajitas 16y agoIn the short term, it is zero sum. In the long run, I agree with you. Therefore, such a scheme would be best used only for people who have been unemployed for a reasonably long period of time (say, 6 weeks). As for citizens being unwilling to accept available jobs, why should the taxpayer be forced to pay unemployment benefits to people who are unwilling to work?
- deleted 16y ago[deleted]
- ojbyrne 16y ago"Of the 14.9 million unemployed, more than 2.2 million are 55 or older." So 15% of all unemployed are over 55. That doesn't seem that excessive. If we assumed that the labor force is uniformly distributed (which it probably isn't) from 20 to 65, the expected number is 3.3 million.
- gamble 16y agoAnd the unemployment rate for that group is 2% lower than the overall rate. This story hams up the emotional manipulation, but the statistics it presents make it look like this group is better off.
- ultrasaurus 16y agoI wonder if it's because this group is over-represented in the deciding-who-gets-hired-or-fired group.
- hapless 16y agoI find it really offensive that the Times describes 50-60 as a "vulnerable" time in these people's lives. That's the age of your peak prosperity, when you have the most assets to liquidate for here-and-now expenses. The centerpiece of the story was a 57 year old female from Boeing. If her financial planning or outcomes were so poor as to leave her near-penniless at 57, she was going to be a bag lady sooner or later. It was just a matter of time. Imagining she could save for an adequate retirement in the ten remaining years of her career was delusional.
- harshpotatoes 16y agoI don't think this piece is about a woman who is near penniless at the age of 57, but rather a woman and her husband who might be forced into retirement 10+ years sooner than they anticipated. I think most financially responsible families would be hard pressed to make their retirement stretch an extra 10 years.
- hapless 16y agoThat's an equally terrible excuse. At the very least, you have to plan for the possibility that your health will force you into retirement. As you move into your 50s, your risk of catastrophic illness shoots upwards. That's not to say that there aren't a lot of hale, hearty 60 year old women in the world. It's just that one can no longer count on good health. It's important to realize this ahead of time. (In this case, this woman and her husband are really in pretty good shape. Sure, she's not working, but at least she is still capable of working!)
- known 16y agoI think she shouldn't expect a white collar job. Better to move to Manufacturing Industry or Agriculture sector.
- m0th87 16y agoFor those in the telecom industry, this has been a pervasive fear since the early 2000's. My mother has a Ph.D. from MIT, has worked at Bell Labs, and is generally productive as hell. After the telecom bust, it took her years to find a job. When she did, it was in another country. She eventually did make it back here and got a job. But only after getting another Master's degree in analytics (her 5th degree!)