Sunday, December 14, 2014

The Vanishing Male Worker

From the New York Times online:

Working, in America, is in decline.

The share of prime-age men — those 25 to 54 years old — who are not working has more than tripled since the late 1960s, to 16 percent.

More recently, since the turn of the century, the share of women without paying jobs has been rising, too.

The United States, which had one of the highest employment rates among developed nations as recently as 2000, has fallen toward the bottom of the list...

Many men, in particular, have decided that low-wage work will not improve their lives, in part because deep changes in American society have made it easier for them to live without working.

These changes include the availability of federal disability benefits; the decline of marriage, which means fewer men provide for children; and the rise of the Internet, which has reduced the isolation of unemployment.

At the same time, it has become harder for men to find higher-paying jobs...

The resulting absence of millions of potential workers has serious consequences not just for the men and their families but for the nation as a whole.

A smaller work force is likely to lead to a slower-growing economy, and will leave a smaller share of the population to cover the cost of government, even as a larger share seeks help...
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Link: http://www.nytimes.com/2014/12/12/upshot/unemployment-the-vanishing-male-worker-how-america-fell-behind.html

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