Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 11-19-2013, 12:51 PM   #21
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
HFWR's Avatar
 
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 12,964
Quote:
Originally Posted by 2B View Post
I had one HS councilor tell me my daughter shouldn't take algebra in 8th grade because it may have hurt her self-esteem.
OMFG...
__________________

__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 11-19-2013, 12:58 PM   #22
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Chuckanut's Avatar
 
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 6,337
Who wrote the article? The mayor of Toronto? Or the guy who came up with the new heart risk calculator?
__________________

__________________
The worst decisions are usually made in times of anger and impatience.
Chuckanut is offline   Reply With Quote
Old 11-19-2013, 01:09 PM   #23
Full time employment: Posting here.
 
Join Date: Oct 2006
Posts: 525
If my employer thinks it is a problem keeping this Baby Boomer employed for a 6 figure salary he is free to give me a reasonable offer of severance and cut me loose, (which I would gladly accept). Then he could hire a 20 -35 year old to replace me for much less than half the cost. After the first year or so he would in theory be saving a bunch of money with the younger employee.

There must be some reason why my employer is not trying to reduce high levels of unemployment of the recent college grads. You would think they would want some fresh blood with new ideas infused into the company.

Hey, it only took me 7 years and a month to reach my 200th Post!
__________________
***********
My motto is.... "a dollar saved is better than a dollar earned. I don't pay tax on the dollar I saved."
Tom52 is offline   Reply With Quote
Old 11-19-2013, 01:23 PM   #24
Thinks s/he gets paid by the post
2B's Avatar
 
Join Date: Mar 2006
Location: Houston
Posts: 4,330
Quote:
Originally Posted by Tom52 View Post
Hey, it only took me 7 years and a month to reach my 200th Post!
Slacker. Check out my total.
__________________
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius
2B is offline   Reply With Quote
Old 11-19-2013, 01:30 PM   #25
Recycles dryer sheets
 
Join Date: Feb 2007
Posts: 59
Quote:
Originally Posted by Tom52 View Post
If my employer thinks it is a problem keeping this Baby Boomer employed for a 6 figure salary he is free to give me a reasonable offer of severance and cut me loose, (which I would gladly accept).
So your employer hasn't figured out how to suddenly put long term, high performing, high salary employees on a '90 day performance improvement plan' that means they can't transfer to another department?

My company has figured out documenting "performance problems" in advance prevents age discrimination lawsuits. Roughly 25% quit the next day in disgust, 35% quietly leave for a new job within the next 45 days, 35% ride it out to exactly 90 days till they are let go "with cause", and 5% sufficiently document enough improvement to make a transfer to another division or ride it out till the next round of layoffs. This post-2008 cost cutting strategy is part of my incentive for early retirement planning.
__________________
lrak is offline   Reply With Quote
Old 11-20-2013, 06:45 PM   #26
Moderator
Walt34's Avatar
 
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 16,571
Quote:
Originally Posted by aim-high View Post
If you're able to benefit from EarlyRetirement.org and FIRE you can give your job to someone else and help save the economy.
I did last July.

Of the 48 people at that one site 19 quit when things went south - ~40% pay cut, longer hours, and as I later learned fewer breaks (in violation of both federal and state labor laws). A nasty working environment now and I could see that one coming.

The poor bastids working there now are doing it because there aren't any alternatives around and most of them up to their eyeballs in debt.

So glad to be FIREd and LBYM!
__________________
I heard the call to do nothing. So I answered it.
Walt34 is offline   Reply With Quote
Old 11-20-2013, 07:20 PM   #27
Full time employment: Posting here.
 
Join Date: Mar 2012
Location: seattle
Posts: 643
Quote:
Originally Posted by NW-Bound View Post
Very true.

From Wikipedia:
"The ageing of Japan is thought to outweigh all other nations, as the country is purported to have the highest proportion of elderly citizens ...

In 1989, 11.6% of the population was 65 years or older, with projections that 25.6% of the population would be over 65 by 2030. As of February 2011, 23.1% of the population are 65 and over."
The doubling of elderly workers roughly matches the doubling of their population percentage. So, what we can conclude is that not all people fully retire after 65, and this has always been true. However, as there are more elderly workers in public places, they become more visible.

I have seen many people in retirement age working in grocery stores doing less physically demanding jobs such as giving out samples, checking for outdated stocks, reshelving items, etc... I do not think it is so bad for people with good health to still be productive and earn some additional money to supplement their SS. Many of them seem to be in good spirits when they interact with shoppers. It beats staying glued to a slot machine in smoke-filled casinos, as I see it.
Japan's culture pushes back against immigration, which populations normally supply increasing numbers of young workers.

What Japan's Abenomics is missing: Immigrants - The Term Sheet: Fortune's deals blogTerm Sheet
__________________
bld999 is offline   Reply With Quote
Old 11-20-2013, 07:22 PM   #28
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 19,439
Japan suffers from xenophobia. I have read of foreigners living in Japan for decades and not being granted citizenship.
__________________
NW-Bound is online now   Reply With Quote
Old 11-20-2013, 08:40 PM   #29
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Amethyst's Avatar
 
Join Date: Dec 2008
Posts: 5,900
Plus, you can always sell more papers or gain more viewer- or surfer-time by saying bad things about Baby Boomers. There are so many of them, and they like to read about themselves; and besides, the media have trained everyone younger to resent them at every turn.

Amethyst

Quote:
Originally Posted by brewer12345 View Post
The article is from the NY Post, of course it is garbage. That thing is just about useful for lining the bottom of a birdcage.
__________________
If you understood everything I say, you'd be me ~ Miles Davis
'There is only one success to be able to spend your life in your own way. Christopher Morley.
Amethyst is offline   Reply With Quote
Old 11-20-2013, 09:51 PM   #30
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 16,521
Quote:
Originally Posted by Chuckanut View Post
Who wrote the article? The mayor of Toronto? Or the guy who came up with the new heart risk calculator?
LOL!
__________________
Well, I thought I was retired. But it seems that now I'm working as a travel agent instead!
audreyh1 is offline   Reply With Quote
Old 11-21-2013, 12:27 PM   #31
Recycles dryer sheets
cranberryjoe's Avatar
 
Join Date: May 2013
Location: Western US
Posts: 115
I'm sure my former employer replaced me with a dozen recent college grads from India, rather than two recent college grads in America or one experienced and highly productive person. Herding the offshore employees wastes more time and money, but it looks better on the balance sheet. The continued offshoring trend by my employer is one reason I was happy to leave when I did.

So regardless whether or not I continued to work, I was not preventing any young American from getting my job.
__________________

__________________
Grow older, not up
cranberryjoe is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 10:11 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.