Creating Employment Opportunities For The Older Generation, As The Age For Retirement Keeps On Going Up
Recently newspapers reported the findings of the Pensions Policy Institute that the age at which people are eligible for a pension be raised over seventy, in order to enable the government to maintain the amount spent on pensions at the level they were in 1990. This is worrying, since it might indicate that many people must forget the thought of ever retiring and might have to work till they drop. But we should not forget another aspect to this: what kind of work is going to be available to the over 50s? There exists a significant amount of discrimination against older people in the employment market, and many people over 50 may not be able to either get a job or qualify for a pension. The solution for many may possibly lie in the area of Internet business, in which it is possible to work from home in a variety of online jobs.
Companies usually tend to prefer younger employees, yet they simultaneously demand lots of relevant work experience. One person visiting an employment agency was informed they were ‘over the hill’ at 35. Discrimination on the basis of age is officially illegal, but it is not easy to get evidence for when it is taking place.
On the other hand, life expectancy is a lot longer today than a few years ago. Granted that everyone says it is a good thing to lengthen life expectancy for as long as we can, nobody has fully considered the corollary in terms of a significantly greater pensions bill. An additional concern is that birth rates are low, so that in the future, fewer people will be working and paying the pensions of a much larger number of retired people.
In fact, National Insurance doesn’t go into a fund for the payer’s old age, it is used to pay directly for those claiming pensions at the moment. It is nothing more than an ‘IOU’ note for people who are still working, and it is possible that when further generations want to stop working, the government won’t have enough money to provide these people with their pensions.
The charity Age UK has reported that the number of older unemployed who have remained unemployed for over 12 months, has risen by over half over the past 12 months, due to the disproportionate effect of the downturn on older generations. Three-quarters of of the 50+ unemployed are men, which tells us that women over 50 may be more successful in getting temporary or part-time work. The problem is likely to be made more serious by the transfer of hundreds of thousands of older people now classified as available for work since they are no longer eligible for incapacity benefit, as part of the government’s drive to cut spending.
But what solution would online jobs in Internet business offer for this crisis? First, it is undoubtedly a field in which ‘silver surfers’ can offer as much as more youthful workers, and their knowledge from their previous careers might also be beneficial. Secondly, such jobs allow people to work from home, so people who have health or disability issues could nevertheless take up in such positions.
Age discrimination might in part be caused by personal perception. If you see a job candidate and decide they are too old, then that individual is not likely to be offered a job. In Internet business you can’t see the person you are dealing with, their age is not so much of a factor, so you don’t form such a quick judgement on the basis of that information.
With policies to raise pension ages and the jobs shortage, the issue of jobs for the older generation is not going to resolve itself automatically. Opportunities to work from home in the online jobs created by Internet business might not provide all the answers, but they are a major alternative for a lot of people over 50.