A funny thing is happening on the way to America’s aging crisis, which is expected to strain government resources and could well drag down economic growth. Increasingly, senior employees are staying in the workforce, either holding onto their jobs long beyond traditional retirement or returning to work after retirement. And companies, which once tried to push seniors out the door, are waking up to the potential value that they offer.
Part of firms’ interest in older workers is cyclical. With the unemployment rate at a 50-year low, businesses are desperate for workers.
Just last month, McDonald’s announced it was teaming up with AARP to recruit seniors to fill 250,000 openings this summer.
But once the next downturn hits, the focus on older workers will continue, experts predict.
“I can assure you this is not temporary,” says Glassdoor’s chief economist, Andrew Chamberlain. “This is a long-term shift that has been going on for years.”