When it comes to old age employment, there is a slight difference, especially when jobs are tight. With a rise in workers over 65 in the workplace, the unease about negative stereotypes, myths, and discrimination in the workforce increases. Companies can usually cut costs by replacing top older workers with younger, cheaper employees. This form of ageism has come to be referred to as economic ageism It appears that seniors are undervalued and unfairly discriminated against in the workplace. Baby Boomers are fast approaching their golden years, and are remaining in a workforce that has an alleged prejudice against senior workers. Employers and employees must face the challenges of clashes in work ethics between generations, perceptions that it is more expensive to employ the older workers, and assumptions that older workers are not as capable of performing at their jobs as their younger counterparts.
As the Baby Boomers approach their golden years, many of them still find themselves waking each morning to head off to their daily routine of work. It is more common in today's society that people in their mid-sixties are still a part of the work force. There are several reasons that many boomers have not set their sights on golfing, fishing, or enjoying grandchildren. Many of these people are still trying to figure out how to make ends meet and pay their bills. According to Cox (2000), only two out of five people nearing the age of retirement have enough in their savings account to buy an economy class car. These people have realized that retirement benefits will provide them with less of an income; however, they still have bills to pay. Many can not afford to retire at 65 and live off their savings for another fifteen to twenty years. They must continue to work to pay of the bills and hope to save for that day when they do not have to wake to the sound of the alarm clock. Many people did not save enough on their own and their retiremen...