In the US, where the number of senior citizens in the workforce has nearly tripled since the 1970s, older workers are also increasingly working full-time instead of part-time. Seniors now working full-time are more common than those working part-time.
According to the Bureau of Labor Statistics, the percentage of those working who are older than 65 will reach 23% by 2022. In the last decade, the average age of the US labour force has increased by about five years.
Now, of course, there’s nothing wrong with this; working lives are being extended as life expectancy rises and public health improves.
And employers are starting to value older workers more.
In the UK, Barclays and National Express have both recently announced apprenticeship schemes designed to cater for older workers and to broaden the age diversity of their workforces.
The National Express scheme aims to recruit people for whom age and extended career breaks can pose a barrier to finding employment, including the over-50s and women coming back to work after having kids.
Company’s are starting to realise the value of having a diverse workforce, reflecting as it does their broad customer base and the wide range of skills and experience on offer.
No better is that being realised than at the DIY store B&Q, which has long championed employing older staff that have the real knowledge about doing stuff round the house that the new generation just can’t be bothered with.
Fast food chain McDonald's and pub chain JD Wetherspoons are two other notable companies now getting in on the act in encouraging older people to apply for jobs.
But imagine a company whose sole reason for existing is to give jobs to older people.
This week, Vikki Knowles meets Faustine Badrichani, the co-founder of Wooln, a New York-based business making high-end beanie hats and other knitted goods, entirely handmade by older ladies in the community.
If you want to find out more, head to www.wooln-ny.com.
Also, this week...
I know we have many sustainability practitioners listening to the show – those working within businesses whose task it is to rally the troops, set goals, make improvements, sell the concept of sustainability to the board, and so on.
Well, we have a special segment of the show just for you this week.
Gareth Kane gives you his 10 Worst Sustainability Ideas – and how you can learn from them.