Obama to Older Unemployed Workers: Start Your Own Business

Arthur Delaney
The Huffington Post
May 24, 2012

Editor’s note: Obama suggests new revenue stream for government.

President Barack Obama acknowledged in an interview published Thursday that older workers who lose their jobs have a harder time getting back to work than their younger counterparts do.

“When you lose your job in your 50s, it’s a lot tougher, because a lot of employers say to themselves, ‘Well, I might have to pay those people more. I may have to retrain them. I may not keep them as long. Their health care costs may be higher,’” Obama said in an interview with AARP The Magazine.

Obama continued, “So what we’ve tried to do is to make sure that retraining is linked to jobs that we know are going to be in high demand.”

In his most recent State of the Union, President Obama touted his administration’s efforts to improve and simplify the government’s job training efforts. In that speech, he also acknowledged the difficulty older workers face when they lose their jobs.

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This article was posted: Thursday, May 24, 2012 at 11:58 am

Tags: domestic news, financial

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