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20% of elderly Americans are either employed or looking for work. Here's why.
Two new reports highlight the stark realities of the modern workforce.
- For the first time, over 20 percent of senior citizens are working or looking for employment.
- By contrast, over half of millennials believe they will be millionaires despite contradictory evidence.
- Regardless of age, the question remains: Is work meaningful when the main goal is a paycheck?
A 2017 study on nursing home populations found four key experiences most prevalent for deriving meaning in life:
- Physical and mental well-being
- Belonging and recognition
- Personally treasured activities
- Spiritual closeness and connectedness
Money is nowhere on this list — odd, given how much weight we assign it during the course of life. That's likely the consequence of a competitive market in a world with a serious resource distribution problem. We lose sight of what matters until it's (almost) too late.
There's a deeper question here about the nature of work, which is, of course, fluid. Over the course of my Gen X lifetime, I've watched the expected employment regimen evolve from securing a good job at a dependable company to ensure a pension — my father worked for more than four decades on this path — to the challenging realities of the "gig economy," which I've been involved with for over 15 years as a contractor.
Before returning to meaning, let's look at two new reports that highlight tectonic shifts in the current employment landscape. The data come from the extremes: one set from senior citizens, the other millennials.
In a report compiled by United Income, over 20 percent of Americans aged 65 or over are either employed or looking for work. This represents the highest number to date. Interestingly, over half of these seniors are college-educated, pushing income rates up by 63 percent from 1985. Another boon is health: 78 percent of those employed report being in good health or better.
While there are positive benefits to this — people derive meaning from work at any stage of life; remaining socially active is a driver for good mental and physical health — there is a downside: many Americans cannot afford to retire. In a youth-obsessed culture that makes employment harder to secure as you age, the notion of sending out your resume in your late 60s is a tough pill to swallow.
An interesting survey by TD Ameritrade of millennials age 21–37 highlights how the youngest members of the workforce feel about the future. The statistic receiving the most attention: over half of respondents expect to be millionaires in an era when the chances for that are worse than in previous generations.
The data were skewed heavily male, with 73 percent believing millionaire-status to be in the cards compared to 38 percent of females. Another eye-opening generational change: the average age millennials enter the workforce is 25; males believe their retirement will come at 53, while woman claim 59. That's quite a shift from the surging number of over-65s slinging coffee beans.
Not that all hope is lost. Instead of believing millions will just roll in, 79 percent of male millennials actively save money, alongside 62 percent of women. Thirty-nine percent of this age group is storing money away for an emergency, an especially important trend since 40 percent of Americans cannot cover a $400 emergency. It's good to see the younger generation being proactive with savings.
27-year-old Garston Tremblay, a developer, enjoys a bowl of cereal at his desk while at work at Rally Software Development in Boulder. Image source: Denver Post Photo by Cyrus McCrimmon
These two reports highlight a stark reality about work and income. Societies are fluid; few joining the workforce today expect to be at the same company in five years, much less 50. Yet both age groups, representing opposite ends of the employment spectrum, are in different financial situations than they expected (or expect) to be. Considering that a "rough estimate" of $1–$2 million is needed to "retire fairly comfortably," many Americans will be working as long as possible simply to survive.
As mentioned, money was not among the key attributes for deriving meaning in life. Work can provide meaning; in fact, if you treat your occupation meaningfully, your days will be impactful and potentially transformative. Yet when a career is purely for the financial benefits — or mere survival, as is the case of the over half of Americans earning under $40,000 a year — it's harder (though not by any means impossible) to derive meaning while running in the rat race.
When Abraham Maslow published his "hierarchy of needs" in a 1943 paper, physiological necessities (health) and safety (requiring money) provided the foundation of the pyramid. At the top are love/belonging, esteem, and self-actualization, which aligns with the principles espoused by nursing home residents. It's tragic that it takes many until the end of life to realize this, that we don't have the social safety nets in place for more people to climb the pyramid earlier in life.
Educators and administrators must build new supports for faculty and student success in a world where the classroom might become virtual in the blink of an eye.
- If you or someone you know is attending school remotely, you are more than likely learning through emergency remote instruction, which is not the same as online learning, write Rich DeMillo and Steve Harmon.
- Education institutions must properly define and understand the difference between a course that is designed from inception to be taught in an online format and a course that has been rapidly converted to be offered to remote students.
- In a future involving more online instruction than any of us ever imagined, it will be crucial to meticulously design factors like learner navigation, interactive recordings, feedback loops, exams and office hours in order to maximize learning potential within the virtual environment.
A leading British space scientist thinks there is life under the ice sheets of Europa.
- A British scientist named Professor Monica Grady recently came out in support of extraterrestrial life on Europa.
- Europa, the sixth largest moon in the solar system, may have favorable conditions for life under its miles of ice.
- The moon is one of Jupiter's 79.
Neil deGrasse Tyson wants to go ice fishing on Europa<div class="rm-shortcode" data-media_id="GLGsRX7e" data-player_id="FvQKszTI" data-rm-shortcode-id="f4790eb8f0515e036b24c4195299df28"> <div id="botr_GLGsRX7e_FvQKszTI_div" class="jwplayer-media" data-jwplayer-video-src="https://content.jwplatform.com/players/GLGsRX7e-FvQKszTI.js"> <img src="https://cdn.jwplayer.com/thumbs/GLGsRX7e-1920.jpg" class="jwplayer-media-preview" /> </div> <script src="https://content.jwplatform.com/players/GLGsRX7e-FvQKszTI.js"></script> </div>
Water Vapor Above Europa’s Surface Deteced for First Time<span style="display:block;position:relative;padding-top:56.25%;" class="rm-shortcode" data-rm-shortcode-id="9c4abc8473e1b89170cc8941beeb1f2d"><iframe type="lazy-iframe" data-runner-src="https://www.youtube.com/embed/WQ-E1lnSOzc?rel=0" width="100%" height="auto" frameborder="0" scrolling="no" style="position:absolute;top:0;left:0;width:100%;height:100%;"></iframe></span>
New study shows white dwarf stars create an essential component of life.
- White dwarf stars create carbon atoms in the Milky Way galaxy, shows new study.
- Carbon is an essential component of life.
- White dwarfs make carbon in their hot insides before the stars die.
What Are White Dwarf Stars?<span style="display:block;position:relative;padding-top:56.25%;" class="rm-shortcode" data-rm-shortcode-id="7b046e546ce994682b2553a8c978eb32"><iframe type="lazy-iframe" data-runner-src="https://www.youtube.com/embed/77a1KSxfaR0?rel=0" width="100%" height="auto" frameborder="0" scrolling="no" style="position:absolute;top:0;left:0;width:100%;height:100%;"></iframe></span>
Master negotiator Chris Voss breaks down how to get what you want during negotiations.
- Former FBI negotiator Chris Voss explains how forced empathy is a powerful negotiating tactic.
- The key is starting a sentence with "What" or "How," causing the other person to look at the situation through your eyes.
- What appears to signal weakness is turned into a strength when using this tactic.
3 Tips on Negotiations, with FBI Negotiator Chris Voss | Best of '16 | Big Think<span style="display:block;position:relative;padding-top:56.25%;" class="rm-shortcode" data-rm-shortcode-id="b86d518e9f0c9f9d7a7c686e07798152"><iframe type="lazy-iframe" data-runner-src="https://www.youtube.com/embed/-FLlBchonwM?rel=0" width="100%" height="auto" frameborder="0" scrolling="no" style="position:absolute;top:0;left:0;width:100%;height:100%;"></iframe></span><p>This question forces a response, but—and this is key—the other person has to consider your side of the argument. They have to look at the situation from your perspective if they hope to offer a solution.</p><p>Offering a real-world example, Voss mentions coaching a high-end real estate agent. They were leasing an expensive home in the Hollywood Hills. The first time the negotiators asked the "how" question, the leasing agent relented on a number of terms. A little while later, they asked again. This time, the agent said, "If you want the house you're going to have to do it," signaling that the end of negotiations had been reached. </p><p>Voss says that "how" is not the only word that works. "What" is also a powerful entry into negotiations, such as "What am I supposed to do?" Again, you're forcing the other person to empathize. </p><p>This is a particularly tricky skill during a time when most conversations are online. Nuance is impossible without the immediacy of pantomimes and vocal fluctuations. Whataboutism is too easy an escape. </p>
Aikido Morihei Ueshiba (1883 - 1969, standing, centre left), founder of the Japanese martial art of aikido, demonstrating his art with a follower, at the opening ceremony of the newly-opened aikido headquarters, Hombu Dojo, in Shinjuku, Tokyo, 1967.
(Photo by Keystone/Hulton Archive/Getty Images)<p>Online debates often amount to little more than frustrated individuals pulling out their hair. In his book, "Against Empathy," Yale psychology professor Paul Bloom writes that effective altruists are able to focus on what really matters in everyday life.</p><p>For example, he compares politics to sports. Rooting for your favorite team isn't based in rationality. If you're a Red Sox fan, Yankees stats don't matter. You just want to destroy them. This, he believes, is how most people treat politics. "They don't care about truth because, for them, it's not really about truth."</p><p>Bloom writes that if his son believed our ancestors rode dinosaurs, it would horrify him, but "I can't think of a view that matters less for everyday life." We have to strive for rationality when the stakes are high. When involved in real decision-making processes that will affect their life, people are better able to express ideas and make arguments, and are more receptive to opposing ideas. </p><p>Because we "become inured to problems that seem unrelenting," it's imperative to make the problem seem immediate. As Voss says, giving the other side "the illusion of control" is one way of accomplishing this, as it forces them to take action. When people feel out of control, negotiations are impossible. People dig their heels in and refuse to budge. </p><p>What seems to be weakness is actually a strength. To borrow another martial arts metaphor, negotiations are like aikido: using your opponent's force against them while also protecting them from injury. Forcing empathy is one way to accomplish this task. You may get more than you ask for without the other side ever realizing they surrendered anything.</p><p>--</p><p><em>Stay in touch with Derek on <a href="http://www.twitter.com/derekberes" target="_blank">Twitter</a>, <a href="https://www.facebook.com/DerekBeresdotcom" target="_blank">Facebook</a> and <a href="https://derekberes.substack.com/" target="_blank">Substack</a>. His next book is</em> "<em>Hero's Dose: The Case For Psychedelics in Ritual and Therapy."</em></p>