more companies hired older workers

we have heard older workers being retrenched as the companies shift to overseas and they have a hard time in getting jobs, just because they are over 45 years and have no certificates.
they are experienced people and yet not fully maximized their potential.
the companies, even GLC employed young and inexperienced foreign talents, eliminating the locals.

and the older worker who still able to work found idling at home, doing nothing to contribute to the economy.

it was the failure of the tightly control labour market.