What sort of imagination and self-assessment does it take for someone over age 45 to re-invent themselves without wage insurance to further subsidise job loss? The category of “older worker” has been on the public policy file for so long, and depending on who you read, the defined age starts either at 45 or 50.
Job loss has followed this category for decades. Many factors other than age can influence a person’s ability to find a job – attitude, lack of confidence, not taking ownership for professional development, ineffective job search strategy, to name a few. How often do some people sabotage their job search by projecting the age issue – which suggests their own perception may become reality?
The Institute for Research and Public Policy recent study Labour Force Participation Of Older Workers in Canada is subtitled “Should I Stay or Should I Go”. http://www.irpp.org/pubs/IRPPstudy/IRPP_Study_no15.pdf
But does the alternative have to be – find a job or retire early? Depending on the age 45, 50 or 59 and the person’s unique life situation, the options will be various. There are no prescriptive answers and maybe wage insurance isn’t one either.
Perhaps over the years, if government didn’t tinker around so much with re-employment and career services and left it up to leaders in the career development field; we might find that the best insurance is life long career planning and comprehensive sustainable work search programs.