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Photo: James Leynse/Corbis/Getty
The developed world is aging — in the coming decades, the U.S., Europe and nations across Asia will have hundreds of millions more people who are 60 and older.
Why it matters: Few companies appear to have made the mental shift to accepting that they need to retain and continue to promote older workers rather than letting them go, according to a recent survey.
Neither has public policy caught up with the aging society, which, unless adjustments are made, will swamp programs like Medicare and Social Security.
Irving wrote about the situation in a new piece for the Harvard Business Review.
These are long-range trends: The aging of American society and the workforce will not reverse after boomers are gone — Gen Xers and millennials will continue the shift once they reach 65.
But embracing older workers will create new problems:
Alibaba employees celebrate company sales. Photo: VCG/Getty
Alibaba keeps shattering its own records on Singles Day, the Chinese equivalent of Cyber Monday. This year the e-commerce titan raked in $30.8 billion in 24 hours, easily besting last year's record of $25.3 billion — and $10 billion of that was earned in the first hour of sales.
Axios' Erica Pandey writes: But the tech giant — and other Chinese e-commerce companies — may be peaking. The rate of Singles Day profits growth is slowing down as internet penetration in China races ahead and the number of brand new online shoppers logging on each year falls.
By the numbers:
But, but, but: Analysts who watch Alibaba aren't too worried. Online shopping has made it easy enough to buy holiday gifts at any time, from anywhere, so those big retail days are losing their cachet, says Humphrey Ho of Hylink Group, a Chinese digital ad agency.
Photo: Josep Lago/AFP/Getty
Last Friday, we ran a post dissecting the global age of strongmen. Among other things, Dan Slater, a professor at the University of Michigan, told us that voting restrictions are part of a new authoritarian bent in the U.S.
Future reader Jon Husted, secretary of state in Ohio, wrote to say that Slater is wrong. Here are Husted's excerpted remarks:
I accept that people can disagree with the policy but it is far from suppression or “anti-majoritarian.” Requiring a street address is in no way an undue burden. There have been attempts in the past to sign up voters for absentee ballots and have them delivered to a single post-office box. In one case I investigated there was a campaign manager for a candidate who attempted to sign up for voters to receive absentee ballots at a P.O. box and he was going to collect them at a P.O. box personally and deliver them. There were over a hundred ballots involved.
Voting access in America today is not perfect, but it is better than at anytime in our history. It is perfectly acceptable for people to disagree on how they should do it in their respective states.
But what frustrates me is every disagreement devolves into extremist language. Nobody is stealing elections and nobody has being suppressed. In Ohio you can vote for a month without ever leaving home and I send every voter an absentee ballot request. I’m not sure how much easier it could be.
Illustration: Lazaro Gamio/Axios
When Americans fought the Bolsheviks — and lost (Michael Phillips — WSJ)
Inside Trump's car obsession (Jonathan Swan — Axios)
German manufacturers stand up to the far right's rise (Olaf Storbeck — FT)
Solving quantum's black box (Erica Klarreich — Quanta) (h/t Shaun Assael)
The case for less speech (Jason Pontin — Wired)
Dennis Anderson, left, and his son Garrett yesterday at the Arlington National Cemetery gravesite of their uncle, Pvt. Joseph Otto Turley. Photo: Steve LeVine
Somewhere between the evening of Nov. 10, 1918, and the next morning, Marine Pvt. Joseph Otto Turley was mortally wounded in France, in the last throes of World War I. He died Nov. 12 — 100 years ago today.
But Turley's gravestone was marked "Nov. 2." His grand-nephew Dennis Anderson and great grand-nephew Garrett thought that was wrong, according to family lore, and set out to correct the record.
The gravestone correction, Dennis said, was the result of a father-son quest to fill in the last days of a much-beloved but mysterious relative's life.
It began when Garrett was about to plunge into what would be a hard-fought second battle for Fallujah, Iraq, in 2004. He got on the phone with his father and said, "We need to find out what happened to Otto, old man." Now, mostly, Garrett says, they know.
Go deeper: The search for Otto Turley