Editor’s note: Sean Campbell is CEO, and Isabel Gautschi is marketing assistant, at marketing research firm Cascade Insights, Portland, Ore. This is an edited version of a post that originally appeared under the title, “Tech needs more age diversity.”
Despite frequent public commitments to diversity, the tech industry isn’t kind to those over age 35.
What’s more, many don’t see a problem with that. Remember when Mark Zuckerberg famously claimed that “young people are just smarter?”
Companies deprive themselves of the benefit of experience when they undervalue hiring and retaining workers who have made it beyond their 20s.
Cascade Insights was recently asked to present our research on ageism by industry. During our study, we analyzed 9.45 million LinkedIn profiles. Our analysis revealed that employees over the age of 35 are in the minority in the tech industry.
Our talk focused on our methodology, data and findings about the rampant ageism in tech. In this post we would like to provide more context for why age discrimination is depriving the industry of a plethora of talented workers and unduly undervaluing some of the sharpest minds in tech.
There is nothing that should limit those over 35 from having a job in tech. In fact, tech is worse off without them.
(We also presented our findings on the gender gap in tech. Check out our defense of women in tech.)
Depriving the industry of talent
Age discrimination is detrimental to valuable members of the workforce.
- “Report: Ageism in the Tech Industry.” Indeed
- “Why Ageism Never Gets Old.” The New Yorker
- “How the tech industry’s youth cult is driving older workers to plastic surgery.”The Guardian
- “Ageism is forcing many to look outside Silicon Valley, but tech hubs offer little respite.”USA Today
- “Tech companies have a Baby Boomer problem.” Business Insider
Companies should not discount the benefit of experience when hiring, acquiring andfunding.
- “The Brutal Ageism of Tech.” The New Republic
- “How Do We Combat Ageism? By Valuing Wisdom as Much as Youth.” Harvard Business Review
- “Age and Great Invention.” The National Bureau of Economic Research
- Millennials will not drag down the average age of the U.S. worker. In fact, it’s going to get grayer out there.
- “Labor Force Projections to 2024.” Bureau of Labor Statistics
- “Older Workers Labor Force Trends and Career Options.” Bureau of Labor Statistics
- “Who Makes Up the Workforce by Year, and Age, 1962 to 2015 – A Calculator.” DQYDJ
Diversity benefits companies by making them more likely to innovate and raise profits.
- “How and Where Diversity Drives Financial Performance.” Harvard Business Review
- “Several New Studies Tie Diversity to Innovation, Profitability.” Gartner
- “Why diversity matters.” McKinsey & Company
- “Why Diverse Teams Are Smarter.” Harvard Business Review
- “How and Where Diversity Drives Financial Performance.” Harvard Business Review
Older workers are more loyal, reducing turnover costs.
- “Older Workers More Loyal to Employers.” Inc.
- “The New Economic Benefits of Older Workers.” MIT Sloan Management Review
How can we improve age diversity in tech? Here are some ideas.
- “Surviving As An Old In The Tech World.” Wired
- “How to solve the ageism problem in the tech sector.” Silicon Republic
- “How Employers Can Avoid Age Discrimination.” Business News Daily
For all of the above reasons, ageism in tech cannot simply be written off as older workers being less capable than their younger colleagues.