Employment of the older worker: An industrial and social problem. - Page 56 |
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I I I . SOCIAL AND ECONOMIC PROBLEMS j!
J I n t r o d u c t i o n . F i f t y - f i v e y ea rs ago th e r e were only
| 13.5 m i ll i o n or 18 per c e n t of th e t o t a l p o p u la tio n over
f o r t y - f i v e y e a rs of ag e , of which 3 .1 m i l l i o n or 4 .1 per J
; c e n t were over s i x t y - f i v e y e a rs of ag e. Today, in 1955, Ii
: th e r e a r e 4 7 .5 m i l l i o n or 28.8 per c e n t of th e t o t a l popu- |
1 (
R a t i o n over f o r t y - f i v e y ea rs of ag e, of which 1 4 .1 m i l l i o n !
'o r 8 .5 p er c e n t a re over s i x t y - f i v e . T his in c r e a s e in th e j
• 1
| o ld e r p o p u la tio n w i l l c o n tin u e so t h a t by 1975? we s h a l l !
i
; have about 64 m i ll i o n or an e stim a te d 2 8 .4 p er c e n t of th e
1 t o t a l p o p u la tio n over f o r t y - f i v e y ea rs of age and 20.6 i
m i ll i o n w i l l be over s i x t y - f i v e years of age. ! i;
In an economy o p e ra tin g a t th e f u l l employment l e v e l
j th e r e i s sm all cause t o w orry; th e o ld e r w o rk e rs, l i k e the/
1 o th e r members of our working f o r c e , have ample o p p ortun- \
! v
I i t i e s t o f in d employment. Not a l l w i l l g e t employment, \
; \ b u t th e unemployment problem w i l l be m inim ized, where i t : 1
w i l l cause no alarm or h a rd s h ip e i t h e r f o r th e i n d iv id u a l 1/
'/
or f o r th e n a t i o n . T his was observed d u rin g World War I I , !/
when many o ld e r men and women were c a l l e d hack t o I n d u s try /! /
[who o th erw ise would n o t have been employed a g a in . Even
i . 1
d u rin g f u l l employment, such as in World War I I , th e r e
were a p p ro x im a te ly one m i ll i o n unemployed t h a t could n o t be
1 ^ 1
absorbed i n t o our working f o r c e . i
T his tem porary improvement in th e unemployment
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| Title | Employment of the older worker: An industrial and social problem. - Page 56 |
| Repository email | cisadmin@lib.usc.edu |
| Full text | I I I . SOCIAL AND ECONOMIC PROBLEMS j! J I n t r o d u c t i o n . F i f t y - f i v e y ea rs ago th e r e were only | 13.5 m i ll i o n or 18 per c e n t of th e t o t a l p o p u la tio n over f o r t y - f i v e y e a rs of ag e , of which 3 .1 m i l l i o n or 4 .1 per J ; c e n t were over s i x t y - f i v e y e a rs of ag e. Today, in 1955, Ii : th e r e a r e 4 7 .5 m i l l i o n or 28.8 per c e n t of th e t o t a l popu- | 1 ( R a t i o n over f o r t y - f i v e y ea rs of ag e, of which 1 4 .1 m i l l i o n ! 'o r 8 .5 p er c e n t a re over s i x t y - f i v e . T his in c r e a s e in th e j • 1 | o ld e r p o p u la tio n w i l l c o n tin u e so t h a t by 1975? we s h a l l ! i ; have about 64 m i ll i o n or an e stim a te d 2 8 .4 p er c e n t of th e 1 t o t a l p o p u la tio n over f o r t y - f i v e y ea rs of age and 20.6 i m i ll i o n w i l l be over s i x t y - f i v e years of age. ! i; In an economy o p e ra tin g a t th e f u l l employment l e v e l j th e r e i s sm all cause t o w orry; th e o ld e r w o rk e rs, l i k e the/ 1 o th e r members of our working f o r c e , have ample o p p ortun- \ ! v I i t i e s t o f in d employment. Not a l l w i l l g e t employment, \ ; \ b u t th e unemployment problem w i l l be m inim ized, where i t : 1 w i l l cause no alarm or h a rd s h ip e i t h e r f o r th e i n d iv id u a l 1/ '/ or f o r th e n a t i o n . T his was observed d u rin g World War I I , !/ when many o ld e r men and women were c a l l e d hack t o I n d u s try /! / [who o th erw ise would n o t have been employed a g a in . Even i . 1 d u rin g f u l l employment, such as in World War I I , th e r e were a p p ro x im a te ly one m i ll i o n unemployed t h a t could n o t be 1 ^ 1 absorbed i n t o our working f o r c e . i T his tem porary improvement in th e unemployment |
