One high value statistic was the fact that in 1960 1 in 20 prime aged males between 25-54 were out of the labor force. Today it is 17% and rapidly approaching 1 in 5. If they are not in the labor force, then what are they doing?
Friday, December 5, 2014
CATO Institute
One high value statistic was the fact that in 1960 1 in 20 prime aged males between 25-54 were out of the labor force. Today it is 17% and rapidly approaching 1 in 5. If they are not in the labor force, then what are they doing?
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4 comments:
They're competing with their female cohorts who largely weren't a part of the labor force 5 decades ago.
That and there is a lot of research done showing a large portion of men are now claiming disability.
Throw in illegal drug activity and I think we are converging to an answer.
Also, as it's related to the labor market, I believe that the 'recovery' is, in some sense, similar to Shakespeare's 'rose' in "Romeo & Juliet".
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