Sunday, October 16, 2022

Wassup in the Labor Force?

The chart is below.

 ...Men Without Work is, essentially, a book about a mouthful of a statistic: the prime-age male labor force participation rate. In layman’s terms, that’s the share of working-age (i.e., 25 to 54) men who are either employed or looking for work. As Eberstadt explains, this rate has been steadily declining since the 1960s. That means millions of men who would have worked decades ago are now not only not working, but not even actively looking for work.

Drawing on government and nonprofit data, Eberstadt paints a picture of these men. They dedicate far more of their day to recreation and entertainment than employed men and women, and barely any time to childcare, particularly relative to non-employed women. They derive their income principally from other people in their households and the web of transfer programs—Social Security Disability Insurance, Supplemental Security Income, etc.—on which they are increasingly dependent. They are at high risk of drug use and, although Eberstadt argues that it is hard to estimate the exact incidence, seem more likely to have a criminal record....

This is a yuuuuge bowl of Not Good, and it's all about the abuse of Federal goodies:  Social Security "Disability" income, and Supplemental Security Income.  We can also add "exporting jobs to the Far East"--a serious error made possible by Bill Clinton and George Bush, the Globaloney Boyzzz; but having men sitting around the house watching TeeeVeee and eating popcorn.....well.....let your imagination see them in the Armed Forces.

Sobering, no?

 

 

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