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The status of older adults has declined over time because:
Knowledge
Facts, information, and skills acquired through experience or education.
Skills
Abilities and expertise acquired through training or experience that enable effective performance in activities or tasks.
Employee Benefits
Non-wage compensations provided to employees in addition to their regular salaries or wages, such as health insurance, retirement plans, and paid time off.
Costs of Turnover
Expenses associated with an employee leaving a company, including recruitment, training, and lost productivity costs.
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