An aging workforce: employment, opportunities and obstacles

Abstract

The paper is focused on a global problem of aging workforce, particularly increasing share of those over 50 years old from Europe through North America to Asia, particularly Japan and China. The author discovered that those over 50 are often discriminated on that market, in governmental policies and by the existing stereotypes. It leads to human suffering and significant economic losses of unemployed experienced workforce. In order to avoid those negative consequences of age discrimination and establish equal opportunity rights for those over 50 she recommended that the existing economic theory of employment be revised and that her model of employment for aging people be followed, which will lead to full employment.

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