CHICAGO (January 3, 20140 A surge of older workers staying on the job is spurring what economists say are unfounded fears that fewer jobs will be available for the young.
Economists at the Center for Retirement Research at Boston College analyzed the numbers.
They say the economy will expand if more older people are working, resulting in greater opportunity for younger people.
Center director Alicia Munnell says the surge doesn’t mean that younger workers will have their hours cut, salaries reduced, or that they will be impacted negatively because of older workers.
The theory that one group is taking jobs from another has been used in the U.S. immigration debate and relies on the simple premise that there are a fixed number of jobs available.
Most economists dispute this, citing the example of when women entered the workforce.