Strangely enough, we often hear of older workers getting bumped off work because of younger, more eager workers but that might not be the case lately.
In an article from www.CNNmoney.com, the unemployment rate among 16-24 year olds is at a staggering 18.9 percent and primarily it is because of the many older and out of work professionals who are now taking hourly-wage jobs.
Shawn Boyer, CEO of SnagAJob.com has reported that there is a significant change in the demographics for part-time hourly workers. Whereas previously, 16 to 24 years old employees occupied the field, now there is a shift from 25 to 34 years old and even 35 to 54 years old.
For most employers and companies, hiring older workers is a win-win situation as it has the benefit of getting more experienced workers for the same wages paid to younger employees. (For more on Age Discrimination in Employment Act click here)
Thus, in a sudden reversal of fortune, students and recent graduates now bear the brunt of losing jobs to more experienced workers even in lower-paying jobs.
This may seem as a plus for older workers and employers but this may in turn also adversely affect their career paths as they would miss out on opportunities to build basic skills and experience in the workplace.