View Poll Results: Do you think you will be unemployed (wrt 9 to 5 kind of jobs...) by 40 years old?

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  • Yes, there is age discrimination. No one wants to employ > 40 year old anymore.

    13 22.03%
  • Yes, its just economics. Cheaper to hire a fresh grad with more energy and new ideas.

    18 30.51%
  • Yes, but I shall go into photography by then...

    2 3.39%
  • No, if you remain viable, you can be employed at any age.

    14 23.73%
  • No, we can take up skill development and learn to... e.g. Sew... and be gainfully employed.

    2 3.39%
  • No, I will become the boss.... by then....

    10 16.95%
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Thread: 40 years old is about right to expire....

  1. #1
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    Default 40 years old is about right to expire....

    Ok with the recent news on this 40 years old limit... what do you think?

  2. #2
    Senior Member glennyong's Avatar
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    Default Re: 40 years old is about right to expire....

    age discrimination for sure.. but hey... those reaching 40's. the mindset should change to allow employablity.

    esp those who were holding managerial posts also....

  3. #3
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    Default Re: 40 years old is about right to expire....

    These days its all abt upping ur own value and skills.

    Yes, young stalwarts 40yrs down the road will come out of Universities, bright, energetic, full of passion, lower starting pay.

    A chap that's 40yrs old (assuming he's in his 20s now, and goes for skills upgrades, has wealth of experiences and doesn't slack or cut slacks), each serves an area of speciality in their own right which shldn't overlap.

    But these days, its all about the money unfortunately. I can't imagine how the situation would break down to an even worse state 20yrs down the road.
    "Wonders of the Human Mind. Unfathomable to the highest degree."

  4. #4

    Default Re: 40 years old is about right to expire....

    How come there is no option for "I will start a new religion and become a billionarie?"

  5. #5
    Senior Member glennyong's Avatar
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    Default Re: 40 years old is about right to expire....

    Quote Originally Posted by microcosm View Post
    How come there is no option for "I will start a new religion and become a billionarie?"
    hahahahahaahhahaa... sounds familar... that "place" is really rich also.... and aiyah.. dun talk about such sensitive matter also..

  6. #6

    Default Re: 40 years old is about right to expire....

    Quote Originally Posted by glennyong View Post
    hahahahahaahhahaa... sounds familar... that "place" is really rich also.... and aiyah.. dun talk about such sensitive matter also..
    what is that sensitive matter? curious..any religious leader in the spotlight recently?

  7. #7
    Moderator ortega's Avatar
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    Default Re: 40 years old is about right to expire....

    by your mid 30s you will need to move up the ladder and not compete with the young one already
    make use of what you have that the young one don't - experience and contacts
    use this to your advantage.

  8. #8
    Senior Member Sion's Avatar
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    Default Re: 40 years old is about right to expire....

    In this age of rapid changes in technology and market conditions, those who don't keep up and adapt with the changes will face uncertainty in employment scene.

    The learning process never stops.

    We just can't get a job and turn up to work everyday and hope that the job is going to last a life time.

    It's sad but it's true.

  9. #9
    Senior Member Sion's Avatar
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    Default Re: 40 years old is about right to expire....

    Quote Originally Posted by microcosm View Post
    How come there is no option for "I will start a new religion and become a billionarie?"
    A new religion that calls "Canonism"?

  10. #10
    Senior Member glennyong's Avatar
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    Default Re: 40 years old is about right to expire....

    Quote Originally Posted by LENS View Post
    what is that sensitive matter? curious..any religious leader in the spotlight recently?
    dun say better... no need spotlight one la.. theres only a few of them rich enough to do LOTS of elaborate stuffs...

  11. #11
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    Default Re: 40 years old is about right to expire....

    I heard of someone who was retrenched at 36 and four years down road, still cannot find a job. So I guess it depends on which line you are in. Changing line at 40 is difficult because of the employers discrimination on age. Work experience in a particular line of work doesn't help when the job market prefers younger workers.

  12. #12

    Default Re: 40 years old is about right to expire....

    I think my investment banker friend says it best when he tells me he's "making hay while the sun shines." He's earning and saving as much as he can, even though he's got quite some way to go before he hits 40.

    He is a fool who thinks that good times will always continue and does not plan for obsolescence. Everyone has a shelf life, some longer, some shorter.

    If you're modelling for Clubsnap members, I doubt that you will get many assignments beyond 25 or 30.

    If you're a manager or engineer, I would estimate that 40 is about the limit, unless you're in the top 5% of your cohort, in which case you become part of the "establishment". Otherwise you become dispensable, and a liability to the company. High salary, higher medical coverage. It only makes sense to get rid of you and hire a younger, healthier, hungrier, more eager-to-please replacement. Sad thing is, most middle class Singaporeans fall into this category, and they are hit hardest by the middle class squeeze.

    I count myself fortunate to be in a profession where experience is valued, and self-employment is a viable option, but even then I don't expect many people will want to see me when I'm 70. I expect my expiry date to be about 65 (if I live that long, that is).

    So if you're a manager or engineer, what are the options?

    I know of quite a few financial types who "retire" to start their own "consultancy firms". Not being in the line I'm not sure what that means, but the bottom line is that you become self-employed. There are others who use their nest egg to invest wisely and live off the proceeds.

    Those who don't plan ahead end up as taxi drivers and grocery baggers at the supermarket. You've seen them, I'm sure.

    I've always believed it's best to start off being your own boss right from the beginning. You may struggle a little more than your employed peers at first, but nothing beats the satisfaction of knowing that whatever you earn goes into your own pocket, and in the long run, you're a lot better off. Imagine trying to start your own business at the age of 40 rather than 20.

    And hey, I heard wedding photographers make a lot of money....
    Last edited by StreetShooter; 30th October 2006 at 01:28 PM.

  13. #13

    Smile Re: 40 years old is about right to expire....

    good times do not last. get it!

    bad times do last longer. get it! hehe!

  14. #14
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    Default Re: 40 years old is about right to expire....

    Why do we always have to think about work? Can't we retire by age of 40? Population aging will never be an issue if the older ones gets to retire and make way for a job for the younger ones..but sadly..
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  15. #15

    Smile Re: 40 years old is about right to expire....

    retire by 40? impossible goal to achieve except for the very few.

    singaporeans are quick to get into debts. properties eg sim lian dev at tampines, car showrooms visit every weekend, credit cards, etc.

    Quote Originally Posted by blazer_workz View Post
    Why do we always have to think about work? Can't we retire by age of 40? Population aging will never be an issue if the older ones gets to retire and make way for a job for the younger ones..but sadly..

  16. #16

    Default Re: 40 years old is about right to expire....

    When you are 40 and out of job, time to move out of Singapore to survive.

  17. #17
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    Default Re: 40 years old is about right to expire....

    Quote Originally Posted by microcosm View Post
    When you are 40 and out of job, time to move out of Singapore to survive.
    True.... I already have a fully paid house outside Singapore. I can use my CPF $$$ to retire and buy more gears..like 1200mm. just mount on my balcony and shoot from there. cos by then i would be too weak to move the bugger ard.


    haha

  18. #18
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    Default Re: 40 years old is about right to expire....

    Quote Originally Posted by DeSwitch View Post
    True.... I already have a fully paid house outside Singapore. I can use my CPF $$$ to retire and buy more gears..like 1200mm. just mount on my balcony and shoot from there. cos by then i would be too weak to move the bugger ard.


    haha
    can i come and stay with you?
    CS old folks home

  19. #19
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    Default Re: 40 years old is about right to expire....

    Interesting replies!! Keep it comin!

    I think StreetShooter has got some useful advise there. Despite the public sympathy for Derek's blog, the reality is that if you do not plan ahead... changes are, you will hit that 40 and wonder where the job has gone. The current education system and "conventional wisdom" is that you Study - Get Paper - Get good job - Work hard - Happily ever after.... But in reality, the pace is going faster and every company is cutting cost. If you do not come up tops, you'd likely be replaced.

    Starting your own business is of course another way to get out of this. And this takes time and some money.

    Going overseas is also an option but only if you have skills required in that country. And if you can adopt the culture and system there.


    DeSwitch, ortega - Hehe! A retirement home for photogs?? Hahah sounds good! Can I burrow the 1200mm??

  20. #20
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    Default Re: 40 years old is about right to expire....

    Quote Originally Posted by reachme2003 View Post
    retire by 40? impossible goal to achieve except for the very few.

    singaporeans are quick to get into debts. properties eg sim lian dev at tampines, car showrooms visit every weekend, credit cards, etc.
    it onli needs good self discipline and 15 times of good luck to retire at age of 40..
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