Thursday, January 03, 2013

WORKERS - Hiring Older Workers = Big Profit

"Manufacturer Vita Needle Finds Investment in Older Workers Turns a Big Profit" PBS Newshour 1/2/2013

Excerpt

SUMMARY: The average age of Vita Needle's workers is 74 years old, and that's no accident. The manufacturing company has intentionally hired seniors -- a decision that has increased profits and benefited older workers who often have a harder time finding a job. Paul Solman reports on their unique model for doing business.

JUDY WOODRUFF (Newshour): Now: a Massachusetts company that has found the road to profitability lies with an underemployed group of workers.

Economics correspondent Paul Solman reports on this rare hiring policy. It's part of his ongoing reporting Making Sense of financial news.


Lets hear it for us 'Old Farts' (I'm 68)

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