November 9, 2018 Comments (0) Views: 416 Connect Classroom

Fast Food Restaurants Look to Hire Senior Citizens

As a role once common for teenagers, fast food chains are now looking to employ senior citizens behind the counter. Thanks to a labor shortage and longer life-expectancy, these two trends are creating a demand and supply that once didn’t exist so strongly.

According to the U.S. Bureau of Labor Statistics, the number of working Americans aged 65 to 74 will grow 4.5%, while those aged 16 to 24 will shrink 1.4% between 2014 and 2024. Along with the tightest job market in five years and the need for retirees to supplement their income, fast food chains are recruiting at churches and advertising on AARP’s website.

For restaurants it’s a win-win, as the median salary is $9.81 an hour, and with older employees, the employers are receiving more experienced workers for the same cost they’d pay an entry-level worker. Additionally, the senior citizens are rarely looking to accelerate in their careers, so they make the perfect candidates.

Read More at Bloomberg


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