Friday, September 26, 2014

Fewer Middle-Aged Men Have Long-Term Jobs

Men's incomes are declining in part because fewer hold long-term jobs. This is especially true for men aged 45 to 54, typically the nation's peak earners. A generation ago, the average employed man in this age group had worked for his current employer for at least 10 years. Not so today. The 2014 numbers show a steep decline in long-term jobs among middle-aged men.

  • Only 42.8 percent of men aged 45 to 49 had worked for their current employer for at least 10 years, down from 57.8 percent a generation ago in 1983—a 15 percentage point decline.
  • Only 49.9 percent of men aged 50 to 54 had worked for their current employer for at least 10 years, down from 62.3 percent in 1983—a 12 percentage point decline.

Source: Bureau of Labor Statistics, Employee Tenure

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