The Senior Citizens Freedom to Work Act passed by the Senate last week would repeal the Social Security earnings limit that prevents many senior citizens from working. With unemployment virtually nonexistent, labor shortages are becoming a huge problem for small business owners. Weidman says that's just one point below the all-time record set in December of last year.
Senior citizens are often the perfect match for small businesses.
According to the U.S. Small Business Administration , small firms with less than 10 employees had a 100 percent higher ratio of employees over age 65 than very large firms. The act must now go for a review by the House, which passed its version late last year. President Clinton has promised to sign it into law. Inc. Privacy Statement and Legal Notices Reproduction or unauthorized use of this material is prohibited.