It was discussed as a book that reveals a crisis of male unemployment and wages, particularly since 1965. The declining workforce participation of men aged 25-54 was highlighted as a key issue.
we've been seeing this uh previously invisible crisis of the collapse of work for men mainly driven by an exit from the workforce of prime age men of 25 to 54 year olds let's say it's been almost a st...
— Episode: Stories of Week 10/2: Nuclear Threats, H...
Episode: Stories of Week 10/2: Nuclear Threats, Herschel Wa...
It was discussed as a book that reveals a crisis of male unemployment and wages, particularly since 1965. The declining workforce participation of men aged 25-54 was highlighted as a key issue.
we've been seeing this uh previously invisible crisis of the collapse of work for men mainly driven by an exit from the workforce of prime age men of 25 to 54 year olds let's say it's been almost a straight line up from 65 to the present
for every guy who's unemployed there over four who were neither working nor looking for work today
we have a depression scale problem of work for men on our hands right now
the unnerving eerie thing is the line i calculated for the exit from the workforce which is almost straight has just continued right on from 2016 to the present
there's absolutely nothing good that comes out of this uh it leads to this huge gap in our workforce means uh slower economic growth it also means bigger income and wealth gaps in our society it probably means more dependence upon social programs and social welfare over the long term more pressure on fragile families less social mobility less involvement in society and you know trust in institutions there's just you do the 360 there is nothing good that comes out of this