The New World Of Work: Pros And Cons For Older Workers

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The ongoing labor shortage could alter the landscape for older workers, especially when it comes to compensation

In Washington, D.C., Peter Kaldes, president and CEO of the American Society on Aging, led the discussion where I was a panelist with Schurman and Next Avenue Influencer in Aging Elizabeth White, author of"55, Underemployed, and Faking Normal."Harris and I have written and reported about older workers for years and we personally live that life every day.

But during Covid-19, I added,"I think that employers started to see this strain of caring for elder relatives on their employees. It has brought caregiving into the spotlight in a way that is good. It gave new attention to mental health and self-care." White said she'd like to see the Biden administration"take a bigger and bolder approach to aging — planning for the long term." She reiterated the call she wrote about on Next Avenue"for Biden to appoint a presidential envoy heading up the administration's efforts related to aging, longevity and retirement security."

"Remote work is here to stay, amirite," I said."The genie's out of the bottle. This used to be something that you had to negotiate with your boss to get — that flextime. It was really one of those perks of the job." "We pondered 'the fragility of life' and decided 'I've always wanted to do this, and this is my time," I noted, adding that not everyone's hard wired for entrepreneurship.More and more people over 50 are changing careers, redeploying their skills."It used to be for only the risk takers and the outliers," I said, but now other people"are realizing that they have the runway to do that.

 

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he said he thinks the so-called labor shortage will alter the landscape for older workers: 'It will force employers to change the way they compensate people financially, because wages are depressed. I think that this will also force employers to consider workplace benefits, too.'

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