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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: maceng2 who wrote (51678)7/20/2004 9:02:18 PM
From: AC Flyer  Read Replies (1) of 74559
 
>>I seriously doubt AC flyers contention that the older experienced people getting back into the work force are contributing to greater and higher efficiencies.<<

Well, that's not exactly what I said, PB. It is almost always a mistake to extrapolate one's personal experiences into a global construct. Though having grown up in the UK in the era of Arthur Scargill and stroppy 50 year old Union Shop Stewards in cloth caps dictating national industrial policy, I can see where you are coming from.

As you pointed out, I wrote: Older workers, with greater experience and skills, generate higher rates of productivity than younger workers so we should expect to see the current high levels of productivity maintained.

The point that I was making is that over the next decade the average age of the American workforce will gradually increase, due once again to boomer demographics. It is quite well documented that older workers are more productive than younger workers, due not to any particular magic but to mundane factors including longer workplace tenure, higher skill levels and greater emotional maturity. I have no wish to bore you with a bibliography, so one link will do:
"Worldwide, chief executives believe that on average productivity peaks at 43 years of age. This level of productivity is sustained for an average of 15 years before falling off, the CEOs said."
relojournal.com
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