– Old Workers Hit New All Time High As All April Jobs Go To The “55 And Older” (ZeroHedge, May 8, 2015):
Earlier we reported that all the jobs added in April were part-time, or over 400,000, while full-time jobs decreased by over 200,000 pushing them further under the pre-recession peak. Here is another stunning data point: of the 255K workers added in the household survey when broken down by age group, more than all, or 266K went to workers aged 55 and older also known as the age cohort which is realizing it is never going to retire under the Fed’s centrally-planned regime.
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Older people are usually willing to work part time……..part time workers far cheaper……..Often augmenting Social Security……..no benefits, either. Corporate perk.