Coronavirus: The Labor Force Part Two

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.6 • 1.8K Ratings

🗓️ 19 July 2020

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

The labor force has been decimated over the last several weeks, and perhaps no group has been impacted more than the older works. According to an analysis from the Economic Policy Institute, older workers are less likely than younger ones to have jobs that can be done remotely. Almost 8 in 10 workers over 65 can’t telecommute, compared with about 6 in 10 between 35 to 44, the analysis found. At the same time, older Americans may be at higher risk of complications from the coronavirus due to their higher rate of chronic health issues. To discuss this and much, much more, we're joined by labor economist Teresa Ghilarducci. Any time I get a chance to chat with Teresa, I consider it a must listen. Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to the Jill on Money Coronavirus Market Update. It is Sunday, July 19th.
0:10.4	And today we are airing the second part of my interview with Theresa Gillarducci, the labor
0:17.7	economist and retirement expert. She is a professor at the new school. She does tons of research and she is always so
0:25.8	enlightening in terms of how she talks about retirement in general and I think that
0:32.1	in this part of the interview what's incredibly
0:34.7	important to underscore is that the pandemic could leave lasting impact on a
0:41.4	generation of people who are looking forward to retirement and maybe
0:46.9	we are thinking about retirement in the wrong ways and that's part of our
0:51.3	exploration in this part of the interview.
0:54.0	She also then, of course, turns the tables on me and starts interviewing me in the middle of my interview of her.
1:00.0	So here is the rest of our interview with Theresa Gillarducci.
1:04.4	How do you think this virus will impact the way we think about retirement.
1:13.8	You know, before we went on the air,
1:15.2	you and I were talking a little bit about,
1:17.3	you know, how do you conceive retirement?
1:19.8	There's so much pressure on people and so much anxiety, so I don't want to steal your thunder from your future book but can
1:26.8	we talk a little bit about how we think emotionally about retirement in light of what we've just gone through or what we are still going through I should say?
1:37.2	Jill this is the project I'm most excited about in my life right now.
1:42.0	Retirement has gotten a bad press in America.
1:46.0	The conversation we're having would be laughable in most of the other world,
1:51.0	where retirement is seen as an important part of human development.
1:55.8	A period of time where as an adult you can control the pace and content of your time is the period of time in as adult where you can find out who you are as a person.
	...

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