Falling Wages - Ageism

U.S. Job Seekers to Face Falling Wages, Experts Say
Labor experts say that after landing a new job, workers can expect lower pay because the downturn doesn't show signs of turning around. SOURCE...

Logan's Run
Ageism In the Workplace
We see all kinds of discrimination in the workplace and ageism is certainly one of the leading forms. One of the main problems with ageism is that it's often difficult to identify, particularly in large corporations. Unlike racism, sexism and other forms of discrimination, ageism is often committed on a case-by-case basis. SOURCE...

There is a growing capitalist bias against older workers. Until the 1980s, the contract between workers and corporate America was that the longer salaried employees worked for a company the more they were paid. But with international competition, corporate downsizing (coupled with the fact that "mature workers" are disproportionately represented in aging industries), and how with rampant change lifetimes of experience decreasingly lead to the accumulation of valued social knowledge, seniority has increasingly been replaced with meritocracy. Younger, supposedly better educated, workers are cheaper. They pose fewer problems of authority, as younger managers can feel threatened by older and more experienced subordinates. SOURCE...

See also: New Deal Jobs | Bailout Banks Hire Foreigners