Stuff in the ‘Marketplace’ Category

31 January, 2019


Purpose and a Paycheck tells the compelling story of how a growing movement of older entrepreneurs and part-time workers are creating a stronger and more vibrant economy.

Whether you’re a corporate executive, business owner, policymaker, or moving into the later season of your career, the stakes for America’s aging population are high. People 65 and older will account for 20 percent of the population in 2030, up from 13 percent in 2000. Many prognosticators blame the aging population for the stagnating economy, citing that as more and more people retire, they will stop working as relatively fewer working people have to support growing numbers of dependent elderly. Purpose and a Paycheck (Harper Leadership, Feb 2019) debunks this line of thought by showing how a growing movement of elderly entrepreneurs and part time workers are creating conditions for a stronger and more vibrant economy.

Growing numbers of Americans are no longer retiring in the traditional sense. The numbers are striking and largely unappreciated. The labor force participation rate of men 60 years and over has risen nearly one-third from a low of 26 percent in 1996 to 35 percent in 2014. The comparable rate for women is from 15 percent to 25 percent. Even more impressive, 25.5 percent of new business ventures in 2016 were started by the 55-to-64-year-old age group, up from 14.8 percent in 1996. People in their 50s and 60s are launching new businesses at nearly twice the rate of people in their 20s.

America’s aging society and workforce is redefining work for all generations and is among the most significant long-term forces shaping the U.S. economy and society, alongside globalization, automation and climate change. Instead of an economic dead weight, America’s aging population holds the promise of getting back the economy mojo. Reframing aging will result in faster rates of economic growth and higher living standards for all of us in addition to a more fulfilling and financially secure second half of life for our aging population.

Chris Farrell is considered a leading expert on the trend toward working longer in the second half of life. He writes a biweekly column for Next Avenue, an online PBS magazine for the 50+ demographic, and hosts a Minnesota Public Radio program, Conversations on the Creative Economy, which is now entering its fifth season. He speaks across the country on the topic of unretirement.  Follow him on Twitter: @cfarrellecon

12 April, 2014

In the Department of Cool Things Happen

When I was just starting out as a baby editor in publishing at Bantam Books, I bought a book, THE CAVE OF TIME, that turned into a series that ignited a revolution in reading.  Decades later, an enterprising journalist, Jake Rossen, who grew up on Choose Your Own Adventure books–the first interactive fiction series for kids– decided to tell the story about how this series which reached millions of kids and parents around the globe came to be.  He tracked me down and suddenly, I got to relive a publishing adventure in which I had a role.  Here’s the article for Mental Floss(magazine and website).

That caught the eye of producer Tommy Andres at public radio’s Marketplace who produced a terrific piece with me, Edward Packard, creator of the series, and Amy Berkower, the literary agent who sold me the series. The interview ran yesterday and I have already heard from so many people who are telling me how much these books mean to them and their kids.  It was so much fun to relive this story which reminds me of all of the wonderful reasons why I got into publishing in the first place.

Thank you, Jake and Tommy, for bringing me back…

–Joelle Delbourgo