Here is a fact: There. Are. No. Jobs. I'm in Silicon Valley where the official unemployment rate dipped in May to 11.2%. This dip was, of course, because of so many people just giving up trying to get a job, certainly not because of some wave of hiring. The underemployed figure, known as "U-6," is 21.7% in California, 16.7% nationally.
You have to know someone to get a humiliating job standing on a corner waving a sign. And if you are over 40, things are even worse than that. Don't give me any conservative Rush Limbaugh-Ayn Rand dehumanizing nonsense about parasitic lazy people who won't lookthere are no jobs.
I know so many people here who are over 40, were laid off in the 2000-era dot com crash, still haven't found a regular job and aren't going to. They have had occasional "contract" positionswhich means no benefits, no security, a 15% "self-employment" tax and no unemployment check when the job ends. And now, 10 years later they're a lot over 40 and are not going to find a job because so many employers here won't hire people over 40.
And now there are so many more who lost their jobs in the mass layoffs of 2008-2009 and can't find a job. So many of them are also over 40. In fact, many were laid off in obvious purges of over-40 workers, offered a small severance that they could only receive if they promised to take no age-discrimination action against the employer. (I don't say "company" because some of these worked at nonprofits.)
Most of these people will not find another job, but are too young for Medicare and Social Security.
One Person's Story
I ran into a friend this weekend who I hadn't seen for a couple of years. He had been a computer engineer who had been making 6 figures in the dot-com years. Laid off in the 2000 crash, he moved in with his parents back in the Midwest and worked in a bakery. He came back out here when things picked up a bit and worked in one "contract" job after another. (Contracting is just a scam to get around employment lawsbut the government doesn't enforce the rules.) But now he just can't find anything. He managed to get unemployment but now that is running out. He has no health insurance. He can't afford a place to live; he "house sits" for people or visits friends, and doesn't know what he is going to do even two days from now.