The book is primarily concerned with understanding the causes of and prescribing cures for the obsolescence of knowledge and skills among professionals. The focus is on the role of the organization in creating, as well as overcoming, obsolescence. Since management bears much of the onus for allowing obsolescence to occur, it is only just that it…

Analysis of the costs of employing older workers indicates that some types of employment costs do vary by age and that overall compensation costs increase with age, largely because of increasing employee benefit costs. There is, however, no statistical evidence that direct salary costs increase by age on an economy-wide basis. The belief that…