Marketplace All-in-One Want to understand our aging workforce? Look to the U.K.
Jul 15, 2025
Samantha Wallace, the owner of From Field & Flower, a honey shop in London's Borough Market, shares her insights on navigating the challenges of running a small business post-Brexit. She discusses the rising costs and labor market dynamics affecting local businesses. The podcast also highlights the upcoming demographic shift in the U.K., where a significant portion of the population will be over 65 by 2050, and the implications this has for older workers facing ageism in the job market, along with personal stories of resilience amidst economic pressures.
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Workforce Aging in Honey Shop
- Samantha Wallace's honey shop employs mostly young workers but recently hired a middle-aged worker for financial reasons.
- Rising living costs are forcing more people into part-time jobs, regardless of age or previous work plans.
Keys to Aging Economy Survival
- Aging economies must reinvent workforce participation, technology adoption, and immigration policies.
- More productive and longer-working populations are essential for economic survival.
Work Defines Self-Worth
- Work loss with age impacts self-worth deeply.
- Economic change shapes not just global outcomes but personal identity.