SCEPA Director Teresa Ghilarducci joined the Institute for Research on Labor Employment at the University of California, Berkeley on October 9, 2019, to present a lecture, "The Bargaining Power of Older Workers and the U.S. Labor Market."
Workers over age 55 are projected to fill more than half of the 11.4 million net new jobs created between 2016 and 2026. Despite their numbers, older workers’ bargaining power in the labor market has been declining, threatening to suppress wages and working conditions for all workers. Ghilarducci, a nationally-recognized expert in retirement security, will discuss seven reasons older workers have lost bargaining power (view her presentation here):
- Eroding retirement income security;
- Decline of unions;
- More insecure employment relationships;
- Persistent age discrimination;
- Geographical immobility;
- Ineligibility for the Earned Income Tax Credit (EITC); and
- Older workers’ relative propensity to work for smaller firms.
The Institute for Research on Labor Employment at Berkeley supports interdisciplinary research on labor and employment issues in California and beyond.