JOBSEARCH: Demographic shift and the implications of it

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The federal government says that 40 percent of all U.S. workers will be 55 or older by the end of the year 2010. Your workforce is part of this demographic shift. What issues with the aging workforce do you and others face, and how will you deal with them?

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Just as the ERISA diktat changed the pension ripoff scam of the aircraft companies, there has to be a significant change in age discrimination law. We can have workers idle from 50 to 65. As the politicians and bureaucrats raise the Social Security retirement age, it’ll worsen the problem. The problem originates in the whole concept of benefits. Like most diktats, it distorts the marketplace. What has to happen is that people buy their own benefits. Employers have benefited form this scam for too long. And, workers over value their benefit packages. It creates a society of serfs who are afraid to change jobs. The new plantation. We need to become a nation of consultants. And the tax diktats have to change to match the new realities. Pensions, social security, and such have to be “personal”.

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