The subject of unemployment and looking for work at 50+ is not a new phenomenon. The difference is that people are willing to talk about it and the injustice of ageism. The people willing to talk about it are those who’ve been made redundant and are now challenged with finding work.
Let’s face it. Even governments around the world know that this is an issue even if corporates are not admitting that they are letting their senior employees go.
The US, UK along with EU countries acknowledge that 50-60 Something men and women need assistance when it comes to helping this demographic get back on their feet by advocating entrepreneurship.
In the US, the government initiated the Empowering Encore Entrepreneur Act of 2013. An encore entrepreneur by their definition is a business person or small business owner who is seeking to start a new business and that is at least 50 years of age or who has a minimum of 20 years of workplace experience. On September 30, 2017, the government terminated the program.
In the UK in 1998, Prince Charles started the Prince’s Initiative for Mature Enterprise (PRIME) with the aim of helping over 50’s become self-employed. In October 2015 the program closed its doors.
Isn’t anyone in government across the globe paying attention to what is happening here?
If one is to look at what is happening in the US job market today, things are not getting any better for boomers. The latest US Bureau of Labor Statistics March 2018 report shows that the unemployment rate for persons 55+ is on the rise from 3.0 percent to 3.2 percent in the month of February. That equated to 688,000 men and 488,000 women out of work who want to be employed.
With more companies continuing to make people redundant, governments withdrawing their support for 50+ year olds and unemployment on the rise, where does that leave individuals at risk of losing their jobs, or those who are already unemployed?
Unless you’ve recently struck the lottery, it’s time to take matters into your own hands. The solution is senior entrepreneurship. It’s time you become an opportunity-driven entrepreneur vs a necessity-driven entrepreneur. Be in control of your own destiny.
The 50-60 Something Start-up Entrepreneur: How to Quickly Start and Run a Successful Small Business offers a step-by-step guide to set up and run your own business; encourages business owners to embrace technology; how to outsource and overcome overwhelm.
Avoid becoming part of the 50-60 Poverty Economy and join the 50-60 Something Start-up Revolution.