Monday, March 14, 2005

Age Discrimination a Big Factor in Top Income Brackets

With the Baby Boom generation entering its 60s this year, the American workforce is aging. By the year 2010, over half the country’s workers will be over 40. For those workers at the top of the pay scale, age discrimination has become a large concern. According to a survey conducted by TheLadders.com, 69% of executives said they’ve been the victims of age discrimination when applying for a job. When asked what they thought the biggest drivers of age discrimination were, 45% of survey respondents believed their companies were worried about customer perceptions of older workers, whilie 28% blamed the higher salaries that often come along with more experienced employees, and 20% said that rising health costs were the culprit, and 7% pointed the finger at technology.

Source: News Release PR Web (March 14, 2005)

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