A new NBER Working Paper, Countries For Old Men: An Analysis Of The Age Pay Gap by Nicola Bianchi and Matteo Paradisi, reveals, reveals that the pay gap between older and younger workers has been widening for decades across high-income countries, with wages of older workers growing much faster than those of their younger counterparts. The paper uses administrative and survey data to investigate this growing wage disparity.
Pack it up, by and large this is the experience now. Skeleton crews, no training, get out there and make it happen. They’ve drilled down their extraction formula to vacuum all that it can in the shortest amount of time. I’m watching it happen in real time as my company purchases many others, it is the birth of a monopoly, and they’re using the same tactics as any “Big X”. Its all just about funneling money upwards, the rest be damned. They told me I’d make 65k at 1 year, I’m coming up to my 4th year here still under that. Nobody at the top cares. Each one is just another duke out to carve his feifdom.