Some estimate shows thatHalf of all white collar jobsWill disappear as artificial intelligence. How will old white collar workers be displacedAI revolutionRent?
Our recent book, “American Idol: Lack of late-career job in a neolithic era,Long -term unemployment ratesHis trimmed also coincided with an uncertain stage of life course: “Very young to retire, but very old to start everyone,” as it was placed by one of our interviewers. General Xers today face the same quandary.
However, there were different financial results after the after 2008 trimmed. At one end of the spectrum was the boomers who experienced “hard falls”. Because long-term unemployment and back-to-back job losses were common within this group, some changed the food pantry, applying for welfare benefits, or losing the house for a short sales or criminal. Job disadvantage at the other end of the spectrum was “soft landing”, and the individuals were more or less financially dissatisfied.
Many factors facilitated soft landing. For example, because these interviewers experienced years of job stability, their extended service length translated into generous dissected packages. Many also departed at hand with defined benefits pension schemes. A guaranteed income stream for their remaining lives is allowed for an unplanned initial retirement for something. Family members, such as husband -wife or rich parents, were another source of financial assistance.
Evidence suggests that compared to boomers we have studied, a larger ratio of genes X is susceptible to a harder fall compared to their predecessors. This demands a structural solution and may be a reply to a universal basic income.
First, Baby Boomers entered the labor force when white collar workers were rewarded with job protection and financial stability. In contrast, today’s office staff are always encouraged Stay looking for new opportunitiesConstant job changes, however, translate into very small break package at the time of length of service factors in the equation. And while we had pension in many soft landers, General X entered the labor force such as these safe retirement schemes were being replaced with 401 (K) S.
Workers are expected to contribute to them to a part of their salary. Defined contribution plansBut because savings are invested individually, financial illiteracy and market volatility increases the level of risk. At the same time, low -pay workers usually Employer-supported retirement schemes reductionAnd even if they have access, they are The possibility of participating is less Due to financial difficulty.
Not to mention Collective net value General X has about half boomers. Because this generation also bears the highest rates loanThe ability to retire comfortably will be put in danger. with Lower rates of home ownership Compared to boomers at the same age, many general exers will recall long -term benefits that can be obtained by being the owner of the property.
Finally, now the growing stake of old adultsLive aloneIn addition to the lack of financial support of a employed spouse, people who live aloneearn lessCompared to those who are married. This one-individual general X inspires homes for a financial loss that can turn a trimmed into a difficult decline.
There is always a possibility that the loss of A-inspired job is not physically physically, which is given the current failure of artificial intelligenceLabor productivityNevertheless, progress is unavoidable and almost with900,000 private sector staffAlready lost her job and another300,000 federal government employeesOut of work by the end of 2025, white collar workers are in danger from many sides.
Old workers are encouragedProtect their financeIn this unstable environment but as our research shows, it is impossible to prepare for a match of unemployment.Age discriminationIn the hiring process.
Target education and training programs will empower unemployed general exers to access to access In areas where jobs are predicted to increaseWe should also consider developing a universal basic income program to address long -term unemployment among old workers. Very young to collect social securitySuch experiments have been successful in other countries Increase in both good and employment rates.
here at home,Many American cities and countiesIn both red and blue states, already limited basic income programs have been used. For White-Caller General Exers seeking new employment, it can mean the difference between a soft landing with minimal financial conflict, and a difficult decline that emphasizes both individual homes and other shrinking social security nets.
Annette Nierobisz is a professor of sociology at Carlton College in Northfield, Min. Dana Sauchuk is a professor and president of Sociology at Wilfrid Lawyer University in Waterloo, Ontario. He is the author of “American Idol: Late Career Job Los in a Neolibel Era” (Rutgars University Press, 2025).
