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Elderly man with cane
He'd be on his way to work, if the Business Roundtable has its way.
The nation's leading CEOs think they've got the solution to deficit reduction: make older Americans pay. A lot. The Business Roundtable has a new entitlement reform plan, and adds insult to the injury to all the older people they've laid off during the recession by recommending the eligibility age for Social Security and Medicare be raised to 70. But that's not all.
The group wants a slew of other changes as well: higher premiums for wealthy beneficiaries, chained CPI and more private competition for Medicare and private retirement programs.

“Even though most of these modernization initiatives would be phased in gradually, the immediate benefits would be enormous. First, they would put Medicare and Social Security on the sound financial footing needed to provide a sustainable retirement safety net. This would represent a major step forward in reducing the growth of government spending,” Gary Loveman, CEO of Caesars Entertainment Corp. and Business Roundtable participant, wrote in the Wall Street Journal.

We all know what a sound footing the stock market has been on for the past decade, so yeah, definitely let's put more retirement money into the market and more health care dollars into the private insurance program. Because there's guaranteed profits there, and never mind that Medicare is able to hold down cost increases much more effectively than the private insurance system. And never mind that the people you'd be forcing to wait for Medicare eligibility who can't work until they're 70 would be forced into Medicaid or onto the health exchanges. Where, because they're older and generally sicker, they'd be raising the costs for insurance companies which would then, of course, raise premiums for the whole population. If you think the health care system we have now is a shambles, just wait to see what happens if people can't get Medicare until they're 70.

Which proves yet one more time that these CEOs, like their lapdog Republicans, don't care about the deficit. Not a bit. They care about money. They care about siphoning all that money that is going into the Social Security and Medicare taxes you pay into their pockets. Period.

Originally posted to Joan McCarter on Fri Jan 18, 2013 at 08:44 AM PST.

Also republished by Social Security Defenders and Daily Kos.

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Comment Preferences

  •  How nice of him/her. (8+ / 0-)

    I wonder, are they willing to pick up the health insurance costs for all their employees in the 65-70 cohort?  Because, raising the Medicare eligibility age is implied by this.  After all, Medicare is for retirees, right?

    •  Yep (6+ / 0-)

      It's up there in the post. Yes, they want to raise the Medicare age.

      "There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning." —Warren Buffett

      by Joan McCarter on Fri Jan 18, 2013 at 09:08:57 AM PST

      [ Parent ]

    •  To say nothing of the realities (6+ / 0-)

      Just try being 65 looking for work.

      Right.

      When collective bargaining is outlawed, only outlaws will have collective bargaining.

      My political compass: - 8.38,-6.97

      by pucklady on Fri Jan 18, 2013 at 09:11:19 AM PST

      [ Parent ]

      •  We need to adapt out economy (3+ / 0-)

        to the reality that we only have enough jobs for high energy workers. Productivity levels have increased exponentially decade after decade so there needs to be a reestablishment of how we conduct ourselves.

        "Til you're so fucking crazy you can't follow their rules" John Lennon - Working Class Hero

        by Horace Boothroyd III on Fri Jan 18, 2013 at 09:45:41 AM PST

        [ Parent ]

      •  Those virtuous CEOs. (2+ / 0-)
        Recommended by:
        Calamity Jean, Chacounne

        Who care so much ...

        From
        Who Stole the American Dream ?

        2012—The United States struggles with what economists call a “jobless recovery” where  data shows the economy growing, but where unemployment remains stubbornly high. This is the third instance of a jobless recovery in recent decades, after declines in the early 1990s and again in 2000–2002. Corporations sit on $1.9 trillion in cash, spending more money on buying back stock than hiring workers, undermining the dynamics  of  “the  virtuous  circle.”
        Jobless recovery.
        CEOs and corporations sitting on mountains of cash.
        Suggesting cuts to benefits for the 99% will be good for them (the CEOs).
        •  All I know is that things started to go (3+ / 0-)

          downhill when the HBS invented the cult of the CEO and we have companies now run by professional "manglers" rather than folks who know a particular industry.

          Now they know they screwed up and are hopeful that they can line their pockets for another few years with the only real assets that remain, or at least should reman if not already stolen by the repugs.

          If... the machine of government... is of such a nature that it requires you to be the agent of injustice to another, then, I say, break the law. ~Henry David Thoreau, On the Duty of Civil Disobediance, 1849

          by shigeru on Sat Jan 19, 2013 at 06:42:44 PM PST

          [ Parent ]

        •  $1.9 trillion w/the purpose (1+ / 0-)
          Recommended by:
          1Nic Ven

          of buying out their competitors.  
          Five media sociopathic corps control all information.

          Private health care steals up to one third of all premiums. How many people die because of that alone?

          Overhead, admin costs for Medicare is approx. four percent.
          Overhead, admin costs for Social Security approx. one percent.

          Mental illness is endemic among management and billionaires.

          Our only hope is to find doctors willing to diagnose them as severely mentally ill and a blatant danger to humanity.

          Follow them, track them, expose them.  Stop using euphemisms like corporations and foundations.  Use their personal names.  Where were they today, who did they talk w/?, etc. Constantly pour spotlights on all their actions.

          The Koch's, Petersons', de Vos', Walton's, Simmons' etc. They are insane and the sycophants who on suckle them.
          What more proof do doctors need to find them severely mentally ill?

          •  Good points - those huge corporations are OWNED (2+ / 0-)
            Recommended by:
            1Nic Ven, Tommye

            almost entirely by those we call the 1% - yeah, they'll sell a share of stock to anyone, even me, but they'll never listen to me, or care what I want, because the shares that control these corps are held by the unimaginably wealthy...and by other corps whose controlling blocks are likewise distributed among the ruling class.  Some individuals, sure, but mostly families and family foundations (and speaking of needed reforms, these ghola exist only to provide a durable base for the steady accumulation of UNEARNED PRIVATE WEALTH).

            These are the people who decide who hires the CEO & how much he/she/it gets in "compensation".

            These are the people who tell the boards of directors what they want done.  These are the people who overwhelmingly profit from the acts of those companies, while being insulated from responsibility for those acts.  

            These are the people for whom politicians and judges are bribed, for whom competing technologies are crushed, hidden, or co-opted to feed the river of money from which these people draw.

            These are the people for whom economies are destroyed;  for whom wars are instigated;  for whom natural resources are either stripped from the land;  for whom governments are toppled;  for whom habitats are rendered uninhabitable;  for whom the unnecessarily poor are ground up like ore and then cast aside.

            I call it feudalism-by-proxy.

            Dick Cheney: "Reagan proved deficits don't matter"
            Mitch McConnell: "There's no evidence whatsoever that the Bush tax cuts actually diminished revenue"

            by chmood on Sun Jan 20, 2013 at 05:01:38 AM PST

            [ Parent ]

    •  Her? (2+ / 0-)
      Recommended by:
      Horace Boothroyd III, Chacounne

      I know you are trying to be PC - but I wonder how many actual 'hers' were in that meeting.

      'Goodwill' between the GOP and the President is as abundant as unicorn farts - Me'

      by RichM on Fri Jan 18, 2013 at 09:41:38 AM PST

      [ Parent ]

    •  They'll fire you at 47yrs old so ... (3+ / 0-)
      Recommended by:
      chmood, 1Nic Ven, greenbell

      between 48 and 69 you will either die or be homeless living on the street unitl you are able to get SS then by then they will have stolen all the money anyway.

    •  WHO says they'll have employees in that gap? (0+ / 0-)

      Pretty clear to me to shift AS MANY "seniors" as possible  into the DIE as soon as possible category.

      If you're imagining they want to, y'know, EMPLOY their rubbish-heap, rather than have it (them) carted away, you need more sleep than I do.

      Dick Cheney: "Reagan proved deficits don't matter"
      Mitch McConnell: "There's no evidence whatsoever that the Bush tax cuts actually diminished revenue"

      by chmood on Sun Jan 20, 2013 at 04:34:57 AM PST

      [ Parent ]

      •  Their deadly cynicism should anger everyone (1+ / 0-)
        Recommended by:
        chmood

        They have no intention whatever of hiring anyone over 60 to a full time, permanent position with full benefits.  They know that they are just kicking people to the curb with no income or humiliating them in their late 60's into working in menial minimum wage positions.  

        And anyone claiming to be a reporter ought to be asking them for the demographics of their own hiring and retention into full time, permanent, positions covered by full benefits.  Let's see the facts.

      •  I feel like I should apologize, or something (0+ / 0-)

        I am 61.

        I work a hard, physical job - when I get to work.

        My money goes ENTIRELY into feeding my wife and myself, and supplying the household with necessaries.  ANY extra goes into taxes, car insurance repairs, etc.

        I have not been to a doctor in twelve years - since the cost of health insurance exceeded my mortgage payment and I had to choose.

        I have been sick for 2 years (undiagnosed respiratory), and due to my work, I am in almost constant pain, which interferes with my work, with my ordinary activities...and with my sleep.  I regularly wake up in more pain than I had when I lay down.

        I was in the middle of having my teeth replaced w/ implants when I got turned out to the rubbish-heap, so now I have no upper teeth at all (and have been cut off by the dental pros for lack of funds  and insufficient earning (repayment) capacity, and can only eat things that are soft, or things that will tear up my gums so bad that I CAN'T EAT for a day or two.  I sound like Sylvester and smile like Walter Brennan, and that REDUCES my earning potential.

        So ALL this is extremely personal and pertinent for me.  Due to having way too little sleep last night, and aching in every part (not even amateur painkillers, sadly) this morning (as I get ready to drag my equipment back out & get back to work), I posted VERY grumpy.

        No-one in the thread deserved my grumpiness.  Hope I didn't get any on ya!

        Dick Cheney: "Reagan proved deficits don't matter"
        Mitch McConnell: "There's no evidence whatsoever that the Bush tax cuts actually diminished revenue"

        by chmood on Sun Jan 20, 2013 at 08:38:39 AM PST

        [ Parent ]

  •  wonder how EU countries can provide an (5+ / 0-)

    adequate safety net for its seniors and not bankrupt the country?  Could it be that the US has a defense budget that outstrips any other country in the world while we share borders with only two other countries with no modern history of hostilities?

    Maybe we can no longer afford empire and to care for our elderly.  Maybe the disabled should go back to work.  I mean I can walk 50 feet without collapsing from SOB and the trip to the doc yesterday only put me in bed for 12 hours.  Maybe one of those wealthy CEOs would hire me as their chauffeur.  Whaddya think?    

  •  Because we need more workers? (10+ / 0-)

    Or because the CEO's stole their pensions with the IRA's and CD, and other nice ways of getting that money out of safe rock solid investments.

    "Til you're so fucking crazy you can't follow their rules" John Lennon - Working Class Hero

    by Horace Boothroyd III on Fri Jan 18, 2013 at 08:58:50 AM PST

  •  Possible Opportunity? (1+ / 0-)
    Recommended by:
    slinkerwink

    To rally the seniors and near seniors with the non-DINO Dems and OWS type groups. Maybe even pry a few aging Baggers away from their corporate astroturfers.

    "If this Studebaker had anymore Atomic Space-Age Style, you'd have to be an astronaut with a geiger counter!"

    by Stude Dude on Fri Jan 18, 2013 at 10:40:13 AM PST

  •  No problem, Now ask him if he's willing (4+ / 0-)

    to have a 69 year old on his payroll......
    Where are people over 65 going to go to work ??

    Hell, if your 50 these days you can't even get an interview.
    Where the hell do these people think the jobs will come from ???
    •  They don't care. (4+ / 0-)

      They will continue to discard employees in their fifties before they get too expensive to support and replace them with under paid younger workers.  They don't care that there is no work for the 65-70 group; they don't care today about the 50-65 year old workers they have put in the streets with no intention of ever hiring from that pool again.

      The economic collapse created an astonishing opportunity for American businesses to get rid of the old growth and they took to it with a vengeance.  None of these CEOs cares that there will effectively be no employment for this group in Corporate America - they call it right to work...

      You give these guys way too much credit.  This isn't a bug, it's a feature.

    •  I'd like to see (1+ / 0-)
      Recommended by:
      Chacounne

      what happens when CEOs and board members are forced to retire at 60. Without their golden parachutes.

      Really, these are some of the same people who claim that they don't discriminate in hiring because of age ... but somehow their hirees are never over 50.

      (Is it time for the pitchforks and torches yet?)

      by PJEvans on Fri Jan 18, 2013 at 12:14:15 PM PST

      [ Parent ]

  •  Lower the age (4+ / 0-)

    Someone needs to change the conversation from raising the age to lowering the age. It would free up a lot of jobs for young people and have the added benefit of rewarding people who have worked harder than desk-bound CEOs all their lives.

  •  Hideous (2+ / 0-)
    Recommended by:
    Calamity Jean, Chacounne

    What galls me even more is that these elites will easily have a face-to-face talk with members of the Congress and the Administration. You or I, not for months.

  •  Will Obama and the DLC, 3rdWay Dems go along (1+ / 0-)
    Recommended by:
    PJEvans

    with The Business Roundtable ?  Obama keeps putting SS on the table.

  •  Then (0+ / 0-)

    coming out of the round panel a 61 or 63 year old guy tried to pass them his resume and they laugh him of. "We ain't hiring no old potatoes"

  •  Wait just a minute! (4+ / 0-)
    Recommended by:
    Cartoon Messiah, Val, chmood, greenbell

    These are the same asshats who are firing people because the turn 55 and there medical insurance is getting expensive.  What these unconscionable plutocrats are really saying is..."once you're no longer making a fortune for use...just go away and starve to death."  A pox on them and damn them for all time. When are we going to realize that the term "businessman" is code for self-indulgent, mindless brute?

    You have the right to remain silent. If you waive that right you will be accused of class warfare.

    by spritegeezer on Sat Jan 19, 2013 at 06:35:26 PM PST

    •  I see you get it: well-encapsulated! (0+ / 0-)

      Reminds me of another fine distillation

      " 'Business ethics', simply translated, means 'I probably won't screw you if you're watching'."

      Dick Cheney: "Reagan proved deficits don't matter"
      Mitch McConnell: "There's no evidence whatsoever that the Bush tax cuts actually diminished revenue"

      by chmood on Sun Jan 20, 2013 at 05:14:26 AM PST

      [ Parent ]

  •  They are not entitlements. They are stuff we (1+ / 0-)
    Recommended by:
    This old man

    paid for and that exist. Hence why the mavens want to steal it.

    From another diary we should insist on not using the word entitlement which sound like something we didn't earn. Use an acronym like ERB for "earned retirement benefits."

    We earned them. It ain't charity!

    If... the machine of government... is of such a nature that it requires you to be the agent of injustice to another, then, I say, break the law. ~Henry David Thoreau, On the Duty of Civil Disobediance, 1849

    by shigeru on Sat Jan 19, 2013 at 06:38:06 PM PST

  •  Those corporate dirtbags! They've never worked (3+ / 0-)
    Recommended by:
    Outraged Mom, peregrine kate, Val

    hard in their lives--just sat around on their assets in front of a computer. These soft, overfed, aging white guys don't know what it is to put in a hard day's work in all weathers, 12 hours a day--or more.

    If I had my way, we'd lower the damned retirement age to 55, and those who've had to do hard physical labor would be able to take retirement then.  All those tired women standing on their feat at 4 a.m. cooking short orders at truck stops, all those weary bricklayers, painters, carpenters, all those overworked nurses and nurses' aides--well, I could recite an endless list of those who would be eligible to retire at 55.

    On the other hand, overfed corporate dolts could go to the office until age 90 if they wanted to--they don't contribute much of anything anyway.

    "Religion is what keeps the poor from murdering the rich."--Napoleon

    by Diana in NoVa on Sat Jan 19, 2013 at 06:38:52 PM PST

  •  I might not mind if- (3+ / 0-)
    Recommended by:
    Major Kong, This old man, melpomene1

    my corporate bosses weren't shipping my job off to Singapore in 6 months.

  •  They also think you should work (1+ / 0-)
    Recommended by:
    Major Kong

    from sunup to sundown because they have been able to force immigrants and laborers to work this schedule. Low wage with the "privilege" of getting to work overtime. In Texas they have a salary position based on a 55 hour week. This is my class. I never get to see my family. The other guys who work this schedule don't mind because they are drunks who don't care if they see their families or not. Republicans one and all.

    The child of an NRA gun nut slaughtered the children.

    by plok on Sat Jan 19, 2013 at 06:41:44 PM PST

  •  And yet none of them would ever consider (5+ / 0-)

    hiring someone over 50 years old.

    "Don't bring that horse in here!" -- Cassandra

    by tc59 on Sat Jan 19, 2013 at 06:42:57 PM PST

  •  They're doing it because they know they're screwed (2+ / 0-)

    Nobody in the generation that witnessed the crash is ever going to voluntarily put their money in the market again.  Unless they can find a new way to suck more money into it, they are going to be SOL pretty darn soon.

    •  They're doing it because IT'S THEIR JOB (0+ / 0-)

      and if they DON'T do it, THEY will join the rest of us on the rubbish heap.

      No, not the same rubbish heap:  a much nicer one, with health care and other amenities, like food and beds....

      Dick Cheney: "Reagan proved deficits don't matter"
      Mitch McConnell: "There's no evidence whatsoever that the Bush tax cuts actually diminished revenue"

      by chmood on Sun Jan 20, 2013 at 05:18:14 AM PST

      [ Parent ]

  •  A lost decade for all! (1+ / 0-)
    Recommended by:
    Irixsh

    Against this background of withholding benefits these corporations will not be hiring any new in need of work 60 to 70 year olds for meaningful jobs in meaningful numbers except for the handful they can grab part-time on the cheap.

    •  and that's exactly it...They already pushed to (0+ / 0-)

      move from retirees being their responsibility on pensions to the hybrid of government and "401K" accounts and the dirty secret now that they are removing the government part of this equation is that they will (as they have shown with their mediocre hiring the past 2 years as they have posted RECORD PROFITS) under no circumstances pick up the slack with all these new people back in the workforce, it's not their job, lol.

  •  How many bosses have any idea how demanding (1+ / 0-)
    Recommended by:
    Val

    lower level jobs really are on the show Undercover Boss?

    About none.

    They're all clueless.

    "Our president delivered his State of the Union message to Congress. - The rest of the people know the condition of the country, for they live in it, but Congress has no idea what is going on in America, so the president has to tell 'em." ~ Will Rogers

    by Lefty Coaster on Sat Jan 19, 2013 at 06:50:02 PM PST

  •  "boss"? I think they prefer overlord, nt (0+ / 0-)
  •  And when you run out of ca$h you have a choice: (0+ / 0-)

    Debtor's prison or the workhouse.

    /snark but may be not.

    I know you believe you understood what you think I said, but I'm not sure you realize that what you heard is not what I meant. -- S.I. Hayakawa

    by tapu dali on Sat Jan 19, 2013 at 07:03:48 PM PST

  •  Stock Market Decline And The Great Scam (2+ / 0-)
    Recommended by:
    Irixsh, elfling

    The elite are growing desperate to plow more money into the stock market because because the Baby Boom is just starting to retire (1945 + 65 = 2012). The Boomers will be cashing out their stocks at a steadily increasing rate.

    In 15 years the job market should improve as the number of yearly retirements peak. And in 25 years our stock of elderly people will be dying back steadily, as the people born in 1964 hit the age of 75.
    (1964 + 75 = 2039 - 2013 = 26).
    That means people born at the end of the Baby Boom (after "the pill" became common) will be dying off.

    This means that anyone under 45 years of age today is going to be in excellent shape to be fully employed through retirement because all Boomers will be retired, and anyone 40 years old will be in excellent shape to get Social Security because most of the Boomers will already be dead.

    Hence the panic to lock in "reforms" before people figure out the reforms are all a scam.

    There’s always free cheddar in a mousetrap, baby

    by bernardpliers on Sat Jan 19, 2013 at 07:05:03 PM PST

  •  I am getting rather weary of (2+ / 0-)
    Recommended by:
    MKDAWUSS, peregrine kate

    Diaries being reposted to the FP so stale that I should have thrown my bread into the compost by now.

    Can't tip, can't comment.

    To coin a (stale) phrase: What's going on here???

    I know you believe you understood what you think I said, but I'm not sure you realize that what you heard is not what I meant. -- S.I. Hayakawa

    by tapu dali on Sat Jan 19, 2013 at 07:11:48 PM PST

  •  The nerve.... (0+ / 0-)

    capitalist bastards!

  •  It is really about wages, not Social Security (0+ / 0-)

    Keeping people in the work force until age 70 means there will be greater competition for jobs and therefore lower wages.  The Business Round Table doesn't give a damn about whether Social Security is solvent.  They care about having plenty of cheap workers.  As the baby boom ages out, the number of workers will dwindle and that means fewer workers and the potential for higher wages.

    “This proposal dovetails very nicely with the demographic realities of the workforce,” said Randall Stephenson, chairman and chief executive of AT&T Inc. “We are going to need our employees to work longer just to fill the needs that we have in the work force.”
    Business Roundtable: Raise Age for Social Security, Medicare

    The difficulty lies not so much in developing new ideas as in escaping from old ones! - John Maynard Keynes

    by Do Something on Sat Jan 19, 2013 at 07:24:41 PM PST

  •  US is 25 out top 34 entitlement spenders (2+ / 0-)
    Recommended by:
    peregrine kate, Egalitare

    US spends 16% of GDP on entitlements.
    Germany spends 25% of GDP on entitlements
    http://www.businessinsider.com/...

    Very Serious People are out to steal your stuff to keep
    their taxes low.

  •  So if I understand correctly (2+ / 0-)
    Recommended by:
    Egalitare, melpomene1

    In order to save Social Security, we have to wait until we are very, very old to get benefits.

    So today it's 70.  Then it'll be 75, then 80.

    So please tell me how this constitutes "saving" a program that is intended to keep older people out of poverty?

    Of course they'll give out less benefits; most people will die before they ever get the chance to retire.

    >;(

    "Mediocrity cannot know excellence." -- Sherlock Holmes

    by La Gitane on Sat Jan 19, 2013 at 08:27:47 PM PST

  •  When you consider how many more people (1+ / 0-)
    Recommended by:
    melpomene1

    would end up applying for disability in their 60s, and how much it costs to handle all the paperwork for a disability claim, I'm not even convinced that it would save all that much money... even before considering all the secondary and tertiary effects, like knocking kids out of entry level jobs and permanently damaging their earnings, or all the kids who will sacrifice because the family is supporting grandma, or all the workplaces who will have to deal with frail older workers who can't afford to retire voluntarily...

    Fry, don't be a hero! It's not covered by our health plan!

    by elfling on Sat Jan 19, 2013 at 08:51:28 PM PST

  •  A Sound Financial Footing (2+ / 0-)
    Recommended by:
    Val, melpomene1

    It's easy to put Medicare and Social Security on a sound financial footing. All you have to do is raise wages and create more jobs.

    But we have a bunch of people steadfastly missing the obvious. It's as if they didn't want to fix the problem.

  •  Why can't I get a quick compairson (0+ / 0-)

    of how the U.S. Saftynet stacks up with the rest of the industrial nations, with out a lot of grueling research?

  •  working till 70 is easy... (1+ / 0-)
    Recommended by:
    Egalitare

    if you're a CEO.

    If you're a plumber? not so much...

    Freedom isn't free. So quit whining and pay your taxes.

    by walk2live on Sat Jan 19, 2013 at 11:20:41 PM PST

  •  Great news! (0+ / 0-)

    Corporate bosses think we should keep working!  I guess layoffs should stop happening?  The unemployment rate should drop in 5, 4, 3, 2, ....

  •  Want us to work until we're 70... (0+ / 0-)

    ...somewhere else other than their fiefdoms and certainly not for any government - federal, state or local.

    When you are right you cannot be too radical; when you are wrong, you cannot be too conservative. --Martin Luther King Jr.

    by Egalitare on Sun Jan 20, 2013 at 03:00:57 AM PST

  •  Oh yeah, exactly were are these companies (2+ / 0-)
    Recommended by:
    greenbell, melpomene1

    that want you when you are 70?  How about even 60!

    Fucktards!  They don't even consider the millions of people who physically can't work that long.  And NO longevity is NOT going up, up, up.  In fact, it hit a brick wall and started to slip especially for poorer people.

    Fucking assholes.

    "The real wealth of a nation consists of the contributions of its people and nature." -- Rianne Eisler

    by noofsh on Sun Jan 20, 2013 at 04:03:51 AM PST

  •  Unless you were already planning to (1+ / 0-)
    Recommended by:
    melpomene1

    Which is my case.  I'm 67, healthy, experienced and eager to keep doing what I do until I'm 70 or older.  So what happened?  My contract was terminated abruptly and they hired a much younger engineer to take my spot.  Since I was a 1099 employee, I had no recourse.  And, even though I have an excellent reputation in my field, I have no job offers.  Go figure.

  •  Outsourced my job at age 60 (1+ / 0-)
    Recommended by:
    melpomene1

    My corporate boss outsourced my job to China when I was 60 and laid me off. They then offered to rehire me at half my previous salary but without benefits. Now they would love to have me work til age 70 or beyond.

  •  And the real irony is you ptobably won't (1+ / 0-)
    Recommended by:
    melpomene1

    get hired after you turn fifty if you've been out of work for anylength of time.

    And if things go according to plan some robot will be doing the job you are doing today.

    So, this reminds me of the old joke about the farmer and the lost salesman that has the punch line "you can't get there from here", or maybe it was "at least I'm not lost".

    It is acrfuel joke though. Creating a situation where you tell someone they have to do somethin (work till you are 70 in this case) and then creating impossible barriers so you can't even do the thing they expect you to do.

    When I cannot sing my heart. I can only speak my mind.

    by Unbozo on Sun Jan 20, 2013 at 08:26:39 AM PST

  •  What's the big deal (0+ / 0-)

    I am 45 and plan on working until I am in my late 70s   My parents both in their mid 70s both still work daily, my grandfather worked until he was 85 when he was forced to retire.  I see nothing wrong with working into your 70s provided you are healthy and productive why not continue to work and earn a living.  I started working at 16 and love working.  Sorry but that's my two cents.  

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