The U.S. workforce is getting older. Between longer life expectancies and the impact of the Great Recession, the baby boomer generation is finding more reasons to stick around the workplace longer than their predecessors did. According to a recent report in Bloomberg Businessweek, based on the July 2014 jobs numbers from the U.S. Bureau of Labor Statistics, there are now more U.S. workers—22.2 percent—in the 55-and-over age group than there have been since the bureau started keeping track in 1948.
Having a larger percentage of older people in the workforce brings myriad advantages, from institutional knowledge and subject-matter expertise to demonstrated loyalty to the company and its values. But along with those positive aspects come additional risks for employers.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
