Workers age 50 and over are many times targeted by ambitious executives or new management focused on advancement, increasing bottom line, and earning large bonuses. Common practice in lowering expenditures is reducing payroll costs, retirement contributions, and insurance costs that may increase pooling prices. Typically workers age 50 and over fit into all of these categories. You can do the math.
Sadly, once the cycle begins, it is almost irreversible, and pressure from the top inevitably perpetuates the cycle.
The success and future of American companies and its employees have become inconsequential to money driven executives that have little stake in the success or failure of either and take their money and run. Bottom line, it’s all about the money.
Corporate America systematically discards its valuable talent, experience, wisdom, knowledge, and expertise, and as a result, our country is loosing its leading edge. Other countries are taking our place as industrial leaders. No other country places such little importance on such valuable assets that come with aging.
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