Pushing fifty: Should we get over-50s back to work?

The Bunker

Podmasters

News, Politics, Society & Culture, Government

4.6 • 984 Ratings

🗓️ 1 February 2023

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

Why are so many over-50s leaving the workforce – and can we get them back? With people changing how they live post-pandemic, large numbers have left the labour market. What made them make this shift? And how are the NHS and care crises also playing into this? Ros Taylor is joined by Scott Corfe, director of Public First, to discuss. “The overwhelming majority of these people who have dropped out of the labour market don’t want to return to work.” “For people who left in the pandemic it seems like for many this is a retirement story, rather than an ill-health story.” “Brits seem to have a more negative views of work than Germany and the US.” www.patreon.com/bunkercast Presented by Ros Taylor. Music by Kenny Dickinson. Audio production: Alex Rees. Lead Producer: Jacob Jarvis. Group Editor: Andrew Harrison. THE BUNKER is a Podmasters Production Instagram | Twitter Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	My name is Stan. I'm at. Nice to meet you. So you took up photography where? I've always loved
0:05.5	photography but I turn it into earning a living at 60. I enrolled on a day course.
0:11.8	Well college. I loved going to college. It's good you can retry. I'm enrolled on the day course. But college?
0:13.0	I loved going to college.
0:14.0	It's good you can retrain and do something.
0:16.0	Yeah, yeah.
0:17.0	Let's talk about working, learning, saving and making the most of living longer.
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0:28.0	Search Phoenix Group living longer.
0:30.0	Pets brings so much joy.
0:32.0	From those happy greetings at the door to the warm cuddles on the sofa
0:36.7	so give a little love back with dental life from Purina a range of delicious chues made for dogs and tasty snacks for cats that help clean and support your pets, teeth and gums, essential for their overall well-being and a happy, healthy life. They give you plenty of smiles so
0:55.3	look after theirs with dental life. Pick up dental life in the pet food aisle. Hello and welcome to the bunker I'm Ros Taylor. We know that people over 50 have been dropping out of the workforce, or at least the workforce as the government defines it. Unpaid caring and volunteering doesn't get counted. But why have these people stopped working? Is it a positive choice or has it been forced on them by poor health or something else?
1:28.0	Scott Corfe of Public First has researched this issue and can shed some light on the disappearing over 50s.
1:33.4	Welcome to the bunker Scott.
1:34.8	Hello.
1:35.8	When you're young you often feel like you'll be able to work forever and as you get
1:39.8	older as I'm finding you start to understand why people retire early but how much is
1:45.2	poor health driving this great retirement as it's been called? Well this is the
1:49.8	one of the biggest puzzles in the UK labour market at the moment. We know a lot of people
1:55.1	seem to have dropped out of the workforce since the pandemic. When we've home in specifically on the
2:00.0	over 50s or those age 50s 64 specifically about 300,000 more of them left the
	...

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