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Old 09-05-2014, 03:37 PM
 
Location: Great State of Texas
86,052 posts, read 84,260,642 times
Reputation: 27718

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Quote:
Originally Posted by SyraBrian View Post
We also hit an all-time high of people 55+. In 1993, all the folks 55-62 were born during the great depression baby bust.
The point was that workers are staying on the job longer.

It doesn't matter how many there are if they are retiring does it ?

Except for the early boomers most boomers don't have pensions and need to continue working.
That was the point.

Older workers are making up a larger portion of the workforce today while younger workers are declining in participation numbers.

There just aren't enough jobs to go around.
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Old 09-05-2014, 03:39 PM
 
69,368 posts, read 63,940,741 times
Reputation: 9383
Quote:
Originally Posted by SyraBrian View Post
So you made an assumption that the competing grocery stores hired extra people for a situation that could have been resolved at any moment and can't back it up with proof?
I assume companies work in their own best interest and have an incentive to stock the shelves to meet extra demand from people buying groceries there that otherwise wouldnt have, you however think the magic stock ferries come out and volunteer their time to help stock shelves to meet extra demand.. it seems you believe in stock ferries that do charity work...

You go with that!!
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Old 09-05-2014, 03:44 PM
 
Location: Syracuse, New York
3,121 posts, read 3,083,753 times
Reputation: 2311
Quote:
Originally Posted by pghquest View Post
I assume companies work in their own best interest and have an incentive to stock the shelves to meet extra demand from people buying groceries there that otherwise wouldnt have, you however think the magic stock ferries come out and volunteer their time to help stock shelves to meet extra demand.. it seems you believe in stock ferries that do charity work...

You go with that!!
Since hiring new employees is expensive, I just think they toss a few more hours at their mostly part-time current employees.
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Old 09-05-2014, 03:47 PM
 
69,368 posts, read 63,940,741 times
Reputation: 9383
Quote:
Originally Posted by SyraBrian View Post
Since hiring new employees is expensive, I just think they toss a few more hours at their mostly part-time current employees.
You "think"?

Lets do the math..

1600 employees filing unemployment each one may work 25 hours a week, thats 40,000 hours a week being lost.. Syria response, lets just add a few hours to make up for 40,000 lots hours to meet demand..

Wow, thats some heck of a savings you imagined taking place..
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Old 09-05-2014, 04:23 PM
 
62,673 posts, read 28,856,656 times
Reputation: 18453
Quote:
Originally Posted by HappyTexan View Post
The point was that workers are staying on the job longer.

It doesn't matter how many there are if they are retiring does it ?

Except for the early boomers most boomers don't have pensions and need to continue working.
That was the point.

Older workers are making up a larger portion of the workforce today while younger workers are declining in participation numbers.

There just aren't enough jobs to go around.
Exactly. I know many seniors who are still working. As you said, there just aren't enough jobs to go around so why keep increasing our population with allowing more foreigners to come here especially with the number that are here illegally sucking up the jobs.
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Old 09-05-2014, 05:30 PM
 
6,538 posts, read 6,692,207 times
Reputation: 8701
Quote:
Originally Posted by SyraBrian View Post
Nobody said it sunk the economy. Isn't Market Basket a regional chain with stores in other New England states? Didn't they apply for unemployment too?
Almost no one from the grocery chain applied for unemployment from what I understand in the 3 states Market Basket is in. Several thousand at most. Just sounds like another of the endless excuses we hear these past 6 years in this economy.
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Old 09-05-2014, 07:20 PM
 
11,768 posts, read 10,229,959 times
Reputation: 3444
Quote:
Originally Posted by SyraBrian View Post
By raw numbers or percentage? And 65+ doesn't count because they're not factored into the labor participation rate.
Yes they are. Everyone above 16 is counted unless they join the military, are institutionalized, or are in an old age home.
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Old 09-05-2014, 07:42 PM
 
Location: Whoville....
25,386 posts, read 35,445,408 times
Reputation: 14692
Quote:
Originally Posted by AeroGuyDC View Post
Everything is unexpected when you have no clue.
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Old 09-05-2014, 07:43 PM
 
Location: Whoville....
25,386 posts, read 35,445,408 times
Reputation: 14692
Quote:
Originally Posted by lycos679 View Post
Yes they are. Everyone above 16 is counted unless they join the military, are institutionalized, or are in an old age home.
Can you prove this? I've never read an explanation of how the labor participation rate was calculated that included the retired.
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Old 09-05-2014, 07:48 PM
 
Location: Whoville....
25,386 posts, read 35,445,408 times
Reputation: 14692
Quote:
Originally Posted by HappyTexan View Post
We hit a 4 decade high with older workers (55+) in the workforce.
They've gone from 29% (1993) to 40%(2013) of the workforce.

A lot of that has to do with the loss of pensions.

Older workers stay on job past retirement age, while percentage of younger workers declines | cleveland.com
It sure does. It's hard to save enough to retire on when they change the rules mid game. Many of us planned on a pension when planning our retirement savings but now will not have a pension.
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