45 and fired. Gen X workers being dismissed to make space for gen Y,Z and millennials at half the salary.

Photo above - Wait . . . what? No way! I have people skills, damn it . . . (Screenshot courtesy of "Office Space"

Hey, gen X - stop whining. You’re not the first workers aged 45 to 60 to get shown the exit at work. This has been happening forever. Stop thinking of yourself as the youth movement, and full of new ideas. There are evidently millions of younger people willing to do your job for half the salary (see MSN link below)

Of course, age discrimination is illegal. That’s why exit interviews now feature phrases like “culture fit”, AI-skills, and downsizing middle management. All of these are true, to a point. But at the end of the day the headcount remains roughly the same, and salary expense is way down.

At my first real job (telephone bill collections) I came to work on a Monday and found that all the lenders and collectors over age 50 had been dismissed at the end of the previous Friday. All of them. At least a half dozen. The actual phrase used by the manager was “we need fresh blood”. Which probably means the same culture fit, tech skills, and salary reductions.

If you work in finance, tech, or engineering, you should be afraid. Very afraid. Medical professionals and public sector union members? not so much. You have to be convicted of felony to be put out of doors. But even then, masked officers will chase down someone’s nanny or lawn crew, instead of you.

Mid-career dismissals are probably a leading reason people file for social security at 62. They’re also a leading reason those people will run out of money sooner instead of later. And why the social security trust fund is being drained faster than ever. When those folks fall onto even harder times, the government will need to step in and pick up the slack with food stamps and subsidized housing. As a much as a re-election ploy, as from compassion.

This can best be thought of as cost shifting, from corporate America to taxpayers. It improves the corporate bottom line. Everyone should probably exult in this, because it's a signal to buy even more stock shares. Right?

I’m just askin’ . . .

Bosses are firing Gen X left and right (and honestly, we see why)


https://www.msn.com/en-us/money/careersandeducation/bosses-are-firing-gen-x-left-and-right-and-honestly-we-see-why/ar-AA1Vgmol?ocid=msedgntp&pc=HCTS&cvid=6981e7b1b7c94053badf74a03b802870&ei=68