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Where 140 characters (@michaeljung) are not enough
and a blog post (michaeljung.wordpress.com) would be a waste.

http://www.michaeljung.co.uk

Failure of pension/retirement systems and social security system. #policy-mistake (via) For the first time on record, senior citizens outnumber teens in the labor force as the Great Recession accentuates trends that make it harder for young people to find jobs and more likely for older workers to delay retirement. This historic crossover is revealed in data compiled by Bloomberg News showing that 6.6 million people over age 65 worked or looked for work in the first six months of the year, versus 5.9 million 16- to 19-year-olds. That analysis is based on federal records that started in 1948 when there were 4.4 million teens in the labor force compared with 2.9 million people over age 65. Experts say that over the past decade older workers have tended to hang on to their paychecks longer, owing to sagging stock portfolios and falling home prices. This shift toward an aging workforce has been disastrous for 16- to 19-year-olds, who face unemployment rates of 25 percent nationwide and 34 percent in California, similar to the Great Depression. “It’s killing kids,” said Andrew Sum, director of the center for Labor Market Studies at Northeastern University. “We’re tossing our future into the trash bin.”

Failure of pension/retirement systems and social security system. #policy-mistake (via)

For the first time on record, senior citizens outnumber teens in the labor force as the Great Recession accentuates trends that make it harder for young people to find jobs and more likely for older workers to delay retirement. This historic crossover is revealed in data compiled by Bloomberg News showing that 6.6 million people over age 65 worked or looked for work in the first six months of the year, versus 5.9 million 16- to 19-year-olds. That analysis is based on federal records that started in 1948 when there were 4.4 million teens in the labor force compared with 2.9 million people over age 65. Experts say that over the past decade older workers have tended to hang on to their paychecks longer, owing to sagging stock portfolios and falling home prices. This shift toward an aging workforce has been disastrous for 16- to 19-year-olds, who face unemployment rates of 25 percent nationwide and 34 percent in California, similar to the Great Depression. “It’s killing kids,” said Andrew Sum, director of the center for Labor Market Studies at Northeastern University. “We’re tossing our future into the trash bin.”