Study: Baby Boomers Are Not Stealing Younger Workers' Jobs
Baby Boomers are ruining it for everyone else, taking up all of the jobs and making life tougher for younger workers.
At least, that's one theory of why many younger Americans are struggling in the job market. But new research suggests that's not the case. A new paper from the Pew Charitable Trusts' Economic Mobility Project shows that, though younger workers may be hurting right now from the economic downturn, they over the longer term tend to gain jobs alongside older workers. From 1977 to 2011, the report finds, a one-percentage-point increase in employment among workers age 55 to 64 was associated with a 0.2-percentage point increase in the employment rate for 25-to-54-year-olds, and a 0.21-percentage point increase for workers age 20 to 24.
Read the full article at usnews.com.
- Economic Mobility Project