LogiQminds

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Companies should invest in their employees' abilities and skills.

Companies today do not want to spend money or time educating current staff. They'd rather decide to employ people than deal with the practical difficulties of developing the people they already have. However, due to the significant expansion of the group of staff over 50, this will soon need to change.

Because current safety nets were not designed to accommodate the longer lifespans that many Americans now are leading, this is the case. Pension systems are either non-existent or underfunded, and the "Social Security Trust Fund" is expected to run out of money in 2034 or 2035. To relieve the strain on these institutions, businesses must step up and assist older people in narrowing the gap between their early or late careers, rather than retiring. Other vulnerable people, such as those in the bottom quartile of income, and educational achievement, require assistance. Automation and globalization have harmed them more than anyone else. Adults without a graduate degree, for example, are now 50% more likely to be in poverty than one with a two-year or college diploma

Workers of all colors need stronger social and financial support, as well as more regular work opportunities. Education could no longer be considered a personal matter. Companies should begin to address challenges that today affect the most vulnerable workers, as they are issues that we will all confront shortly.

Navigability, assistance, targeting, connectivity, and transparency are five principles that must be followed when addressing these difficulties. These will be covered in the subsequent blinks.