Workers—those in developed economies, anyway—are at their prime in their 60s and there is no reason for them to retire – Written 06/19/13

“Billionaire Carlos Slim, age 73, says workers—those in developed economies, anyway—are at their prime in their 60s and there is no reason for them to retire.”When you have an industrial economy like in the past where people … do a lot of physical work and people live fewer years, it’s OK to retire at 65,” Slim told CNBC. “(But) When you have a society of knowledge and experience and information, at this age is where you are at your best.

“It’s [foolish] to retire at this age. You don’t have the physical work, and you have the intellectual work and you are in your best in your 60s,” said the Mexican business magnate, whose worth of around $72 billion makes him the world’s second richest man after Bill Gates.”

“However, Slim said, even beyond that, workers are better in their 60s than when they’re younger.”

“A recent analysis of U.S. government data from the Brookings Institution found that people who still work near or past their traditional retirement age earn significantly more per hour than their younger colleagues. “

“That report, which was funded by the Social Security Administration, found that 60- to 74-year-old men earned $25.12 an hour, on average, in 2011. That’s over 20 percent more than the average hourly wage of working men 25 to 59. Older women also out-earned their younger counterparts.”

The catch is that  the seniors need to have a job already because, otherwise, this is quasi impossible to be hired at their age despite the official non-discrimination EEO principles………What an Alfred Jarry Ubu Roi world……….;+)

http://en.wikipedia.org/wiki/Alfred_Jarry

http://en.wikipedia.org/wiki/Ubu_Roi

http://en.wikipedia.org/wiki/Theatre_of_the_Absurd

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