Employment of the older worker: An industrial and social problem. - Page 110 |
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98 j s i t u a t i o n and w i l l th u s s tim u la te th e e x te n s io n of governm ental in f lu e n c e and develop p o l i t i c a l p r e s s u r e groups ^ The burden of su p p o rt f o r n o n p ro d u c tiv e o ld e r c i t i z e n s w i l l f a l l upon th e sh o u ld e rs of th e younger w orkers and w i l l !u ndoubtedly red u ce th e s ta n d a rd of l i v i n g of th o se a t work. |I n t h i s c o n ju n c tio n , th e n a tio n w i l l s u f f e r a d e c re a s e in p o t e n t i a l n e t p r o d u c t i v i t y and a lo s s in p u rc h asin g power as o ld e r w orkers a re dropped o u t of th e employed group. I F i n a l l y , i t may le a d t o th e r e d u c tio n of ^wo rk ing cap i t a l ^ and th e unwise a c c u m u latio n of in v e stm e n t funds f o r the I su p p o rt of th e in c r e a s in g p r i v a t e p e n sio n funds a n d /o r f o r i 9 y jthe ev er in c r e a s in g S o c ia l S e c u r i t y .° | The w e ll-in fo r m e d , f a r s i g h t e d e x e c u tiv e i s w e ll ij aware of how th e s e b a s ic i s s u e s a f f e c t h i s own o p e r a tio n s . iI IHe knows w e ll t h a t th e r e has n o t only been an in c r e a s e in i, the a b s o lu te number of o ld e r w o rk e rs, b u t a l s o t h a t th e younger age groups have s u f f e r e d a r e l a t i v e d e c re a s e . iF urtherm ore, fewer young women can be c a l l e d upon th a n in th e b eg in n in g of World War I I , because many of them have !s in c e m arrie d and a r e r e a r i n g f a m i l i e s t h a t w i l l keep them 4 out of th e la b o r m arket f o r many y e a r s . Thus, th e e f f e c t i v e use of th e o ld e r w orkers has become an im p o rta n t i s s u e , and, w ith th e u n s ta b le w orld s i t u a t i o n of to d a y , in d u s t r y ! i. ; ^ E liz a b e th L. B re c k in r id g e , E f f e c t i v e Use o f Older iWorkers (Hew Yorks Wilcox and F o l l e t t Company, 1953), pp. 20-2J?.
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Title | Employment of the older worker: An industrial and social problem. - Page 110 |
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Full text | 98 j s i t u a t i o n and w i l l th u s s tim u la te th e e x te n s io n of governm ental in f lu e n c e and develop p o l i t i c a l p r e s s u r e groups ^ The burden of su p p o rt f o r n o n p ro d u c tiv e o ld e r c i t i z e n s w i l l f a l l upon th e sh o u ld e rs of th e younger w orkers and w i l l !u ndoubtedly red u ce th e s ta n d a rd of l i v i n g of th o se a t work. |I n t h i s c o n ju n c tio n , th e n a tio n w i l l s u f f e r a d e c re a s e in p o t e n t i a l n e t p r o d u c t i v i t y and a lo s s in p u rc h asin g power as o ld e r w orkers a re dropped o u t of th e employed group. I F i n a l l y , i t may le a d t o th e r e d u c tio n of ^wo rk ing cap i t a l ^ and th e unwise a c c u m u latio n of in v e stm e n t funds f o r the I su p p o rt of th e in c r e a s in g p r i v a t e p e n sio n funds a n d /o r f o r i 9 y jthe ev er in c r e a s in g S o c ia l S e c u r i t y .° | The w e ll-in fo r m e d , f a r s i g h t e d e x e c u tiv e i s w e ll ij aware of how th e s e b a s ic i s s u e s a f f e c t h i s own o p e r a tio n s . iI IHe knows w e ll t h a t th e r e has n o t only been an in c r e a s e in i, the a b s o lu te number of o ld e r w o rk e rs, b u t a l s o t h a t th e younger age groups have s u f f e r e d a r e l a t i v e d e c re a s e . iF urtherm ore, fewer young women can be c a l l e d upon th a n in th e b eg in n in g of World War I I , because many of them have !s in c e m arrie d and a r e r e a r i n g f a m i l i e s t h a t w i l l keep them 4 out of th e la b o r m arket f o r many y e a r s . Thus, th e e f f e c t i v e use of th e o ld e r w orkers has become an im p o rta n t i s s u e , and, w ith th e u n s ta b le w orld s i t u a t i o n of to d a y , in d u s t r y ! i. ; ^ E liz a b e th L. B re c k in r id g e , E f f e c t i v e Use o f Older iWorkers (Hew Yorks Wilcox and F o l l e t t Company, 1953), pp. 20-2J?. |