European Stars And Stripes (Newspaper) - October 28, 1986, Darmstadt, Hesse The Boom in Early retirements by Steven greenhouse now York times Njamin Rudolf. A and Oll Elcel Vorker in. Sili apartment Mosab. Rijs watching television and brooding while Calvin Lullie. A reined Oil Industry executive in in i a of a. Keeps Husy playing i i and i. Ing up his Home their Eivis Are quite rail Teicht bul Fecso two men one thing in common they arc Par of a last Grovv Iarj a group of non. 55 to 64, who Ore Oul of Ilin ichor Force already one in three men in this age group is no longer working. And Many economists ire disturbed l Mois and More of these productive employees me lending thu work Force of Many of i Csc men like fiddle. The Early ii Iii Mon was Una a come and can Rupf sent a hardship Rioin psychologically and financially others. Lik. Tutlo however. Who Are mom financially secure. a in raced the Uppit Unity for on Eilender period of Lui i Jar whether Ealy retirement is a dream come lius or a period of frus Lvalion some economists predict we will be seeing More of it if pics Cal trends Cor line. They say Only one in two american men aged 55 to 64 will he in the Tabor Force m two decades at the same time that people Are living longer in boiler health. La their faculties More intact than we Ever dreamt you have All these productive people leaving the labor Force said Samuel m Ehrenhalt regional commissioner of the . Bureau of labor statistics in now York to thai a sensible Way to use the country s resources the biggest Force behind the change is probably the restructuring of the Economy and particularly America s Basic industries Many of them based in Chicago and elsewhere in the Middle West older workers have found themselves prime targets As companies look to fill jobs with people 20 years younger earning $20.000 a year less. Hundreds of thousands of older Blue Collar workers have been Laid off and Many have been unable to find acceptable jobs elsewhere hundreds of thousands of while Collar workers have also been let go although Many of these took voluntary Early retirement with companies offering Severance payments that employees Felt they could not pass up. In recent years economic changes have so seeded up from factors Liko import penetration and technological innovation thai men in that age bracket have become obsolete at a More rapid Pace than Ever a comparison of labor Force changes the labor Force participation rates Lor All age groups of men and women in wonn croup re 19 20-24 25-34 35-44 45-54 55-64 65 and older hx5 53-6% 8s.8 97.2 97.3 9s.6 64-6 27.9 1m4 57.6% 66.2 94.4 948 81.0 sj2 15. T per ctn 7.1% 0.5 -2.9 -2.e -4.b -20.6 -4s.9 380% 4s.9 38-s 44.1 508 41.1 10.0.52.1% 727 71.7 73.8 ee.3 42.3 77 own 37.1% 45.7 b6.2 60.1 30.3 2.9 -23.0 Tim Rale Loi each Goupis to num twi or a tote m Ltd Uta a m iral gun of phial As a or Iceni of or anon non Luk pm
