Nowadays, the competition between individuals in a particular job is growing. Young and elderly have to compete for the same available vacant spot. Apart from increasing unemployment and poverty in certain age groups, this essay will also mention some possible suggestions to solve this crisis.
Rising competition between seniors and youth lead to unemployment and poverty. Companies tend to hire young people as they are satisfied to work with a lower salary. Therefore, this will lead to reject seniors and increase the unemployment rate in a certain age group, especially 50-65, which will create poverty among them as they are the individuals who have the biggest family. Furthermore, hiring only youth will lead to redundancy in older people and most companies will face greater challenges and may result in their failures because they substitute the most experienced individuals with naïve amateur ones. After the Iraq war, institutions start to hire only young individuals as their wages where half of the seniors and, therefore, more than 70% of these companies face bankruptcy and many families suffer from poverty.
However, every crisis comes with possible solutions. Companies should assign balanced seats between elderly and young people so they can benefit the experience as well as gain some profit by hiring low salaries individuals. In addition to this, the government should consider reducing the age of retirement so neither older people, nor their families will suffer from financial issues. Moreover, by doing this, some elderly can afford to start their own private business which creates more vacancies to all age groups. A survey shows that there are more private business and more spots in counties where the retirement age is less.
In conclusion, the competition between elderly and young individuals for the same job is an increasing problem that may lead to unemployment, poverty and business failure. However, reducing the age of retirement and offering balanced seat for all age groups are possible solutions.
Nowadays, the competition between
individuals
in a particular job is growing.
Young
and
elderly
have to
compete for the same available vacant spot. Apart from increasing
unemployment
and
poverty
in certain
age
groups
, this essay will
also
mention
some
possible suggestions to solve this crisis.
Rising competition between seniors and youth
lead
to
unemployment
and
poverty
.
Companies
tend to hire
young
people
as they
are satisfied
to work with a lower salary.
Therefore
, this will
lead
to reject seniors and increase the
unemployment
rate in a certain
age
group
,
especially
50-65, which will create
poverty
among them as they are the
individuals
who have the biggest family.
Furthermore
, hiring
only
youth will
lead
to redundancy in older
people
and most
companies
will face greater challenges and may result in their failures
because
they substitute the most experienced
individuals
with naïve amateur ones. After the Iraq war, institutions
start
to hire
only
young
individuals
as their wages where half of the seniors and,
therefore
, more than 70% of these
companies
face bankruptcy and
many
families suffer from poverty.
However
, every crisis
comes
with possible solutions.
Companies
should assign balanced seats between
elderly
and
young
people
so
they can benefit the experience
as well
as gain
some
profit by hiring low salaries
individuals
.
In addition
to this, the
government
should consider reducing the
age
of retirement
so
neither older
people
, nor their families will suffer from financial issues.
Moreover
, by doing this,
some
elderly
can afford to
start
their
own
private business which creates more vacancies to all
age
groups
. A survey
shows
that there are more private business and more spots in counties where the retirement
age
is less.
In conclusion
, the competition between
elderly
and
young
individuals
for the same job is an increasing problem that may
lead
to
unemployment
,
poverty
and business failure.
However
, reducing the
age
of retirement and offering balanced seat for all
age
groups
are possible solutions.