Ageism and Lump of Labor Fallacy

May 12th, 2015
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York St John University
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The difference of opinion has persisted between Job seeking general public and Economists on the ongoing debate of how late or early retirement of an older person affects job opportunities for a younger fellow.

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Ageism and Lump of Labor FallacyThe difference of opinion has persisted between Job seeking general public and Economists on the ongoing debate of how late or early retirement of an older person affects job opportunities for a younger fellow. In Economic terms, the theory of older people occupying space of young generation in professional industry is called Lump of Labor. Professional researchers and Economists have argued that this theory do not hold facts. They believe it to be a fallacy to legalize early retirement programs for old age people. Economists argue that when women started p

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