Posted Sep. 3, 2014 at 4:07 p.m.

Premium Lock Fighting aging work force: Why teaching grandmothers to code isn't a crazy idea

Published: 2014-09-03 16:07:58
Updated: 2014-09-03 16:07:58

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Analysis: American businesses are ageing, as is the country; and this is bad for the economy, say Ian Hathaway and Robert Litan, of The Brookings Institution. They report that the share of older firms, aged 16 years or more, has increased from 23 percent in 1992 to 34 percent in 2011. Startups have become a smaller proportion of the economy, going from 15 percent to 8 percent. This is worrisome because young companies account for a disproportionate share of job growth and tend to be more innovative than older ones. The best remedy may not be what most people think it should be, writes Vivek Wadhwa....

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There is no 'shot clock' on creativity, so elders in the workforce take valuable skills and insights with them when they retire. I spent my working life managing retirement communities, and see ageism as the face of the dam holding back unbelieveable potential in this richly experienced sector of society. Tech-enhanced Life, PBC, is a startup dedicated to bringing together the universe of engineers and entrepreneurs with this older universe of people who have inventive skills as well as firsthand knowledge of what the real problems of aging are. John Milford, Co-founder Tech-enhancedLife.com
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