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The Meaning of Age


(September 14, 2007) The meaning of age is changing. Where retirement was all but guaranteed after 45 years of work, many people over 65 continue to hold their jobs. Imagine the scenes from Office Space when the workers include grandparents and their grandchildren in the same office.)

(By the way, Taleo sent me a copy of Office Space as a promotional thingy. It made me popular, for a moment, with my oldest daughter. It was a small, memorable moment. If Taleo can deliver small memorable moments with consistency, their place is secure.)

The labor department released this interesting tidbit:

Nationally, nearly one in four people between the ages of 65 and 74 (23.2 percent) were in the labor force (either working or looking for work) in 2006, an increase from 19.6 percent in 2000. States with some of the lowest rates of older workers in the labor force include West Virginia (15.7 percent), Michigan (18.8 percent) and Arizona (19.4 percent). (Michigan and Arizona were not statistically different.)

Some of the highest rates were found in South Dakota, Nebraska and Washington, D.C., all with about one-third of people in this age group in the labor force.

Among the 20 largest metro areas, Washington, D.C., had the highest percentage of people in the labor force in this age group (31.8 percent). Others with high percentages include Boston (28.1 percent), Dallas- Fort Worth (27.9 percent), Minneapolis-St. Paul (27.4 percent) and Houston (26.5 percent), none of which were statistically different from the other.

Almost everywhere, the number of people between 65 and 74 in the workforce or looking for work grew by nearly a percentage point a year.

That's an astonishing rate of growth and suggests a doubling of the percentage of older people who work between 2000 and 2010. Talk about transformation in a workplace.

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