More than 30 million elderly people aged 60-69 in rural China make a living through physical work. To them, there’s no retirement, said a Chinese demographer.
Among the working elderly, the majority of them engaged in agriculture, forestry, animal husbandry, and fishery, accounting for 62.44 percent.
An Aging Labor Force
Dong Yuzheng, the director of the Guangdong Population Development Research Institute, said the rural elderly generally remain working to earn their living because they don’t have a stable income. To them, retirement is not an option, according to the CBN report.Similar situations were also seen among some of the urban elderly, said the CBN report.
A Chinese online hiring platform, BOSS Zhipin.com, reported that active job seekers aged 55 and above increased by 27 percent in 2022.
A successful former executive of a foreign enterprise was reportedly frustrated for not being able to find one job that would offer him a monthly salary of 5,000 yuan ($724.66).
The media report said it’s clear that few businesses prefer to hire older candidates, and even fewer jobs match the qualifications of the candidates.
Regarding governmental policy, Ding Changfa, an associate professor at the School of Economics at Xiamen University, believed the type of work determines its accessibility for retirees. He told CBN that he suspected manual workers would find it harder to re-enter the workforce than those in other sectors.