Older Workers Are Being Pushed Out of the Job Market Compared to pre-pandemic levels, the number of people aged 55 and over who are in the labor force has decreased by 2 million. Corporate trends like the abandonment of middle-management jobs tend to eliminate older workers. As these jobs are cut, the older, higher-paid workers are fired and their jobs restructured for younger, lower-paid workers.

a. What type of unemployment might older workers be more prone to experience?

b. Explain how the unemployment rate of older workers is influenced by the business cycle.

c. Why might older unemployed workers become marginally attached or discouraged workers?