Part 3/7:
Perceptions of Skills and Wage Inflation
Another hurdle for older professionals is the phenomenon of skill atrophy, particularly for those who have spent a long time in the same role without actively engaging with market trends. While some older workers remain adept and current in their skillsets, the perception often lingers that they are less competitive. This situation is exacerbated by wage inflation; as salaries increase over time, older workers may find themselves earning more than their younger counterparts without commensurate output, making them targets during layoffs.