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Data shows that workers who are past the retirement age are not disproportionately affected by retrenchment compared with other age groups. From 2018 to 2022, the average incidence of retrenchment among residents aged 63 and over was 3.8 per 1,000 resident employees, lower than the overall figure of 6.1 for the entire
In the last 10 years, the gap in the Black-white employment-to-population ratio, which measures the share of all employed workers out of the total working-age population.
As ageism in the workplace persists, major demographic shifts will force employers to rethink the value of an older workforce that isn’t ready to hang it up.