It was discussed as a book highlighting a crisis of male unemployment and workforce participation, particularly among prime-age men, which has been worsening since 1965.
we've been seeing this 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 strai...
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Episode: 10/6/22: Russia vs Ukraine, OPEC Production Cut, I...
It was discussed as a book highlighting a crisis of male unemployment and workforce participation, particularly among prime-age men, which has been worsening since 1965.
we've been seeing this 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
I put out the first edition of this book in 2016 and 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
we've got more than seven million prime age guys neither working nor looking for work for every guy who's unemployed they're over four who are neither working nor looking for work today and that is why male work rates are now kind of at about 1937 levels we have a depression scale problem of work for men on our hands right now and that's obviously not the only thing going wrong in our workforce right now.
about a tenth maybe a little more than a tenth of these guys who are not in the workforce are really full-time students.
they basically say that they don't do civil society that they don't do worship or charity or volunteering they say that that they do remarkably little help around the house either with people at home or with housework what they report doing most is watching we can't tell from the surveys what they're watching we can't tell what type of devices or what the content is but like 2000 hours a year as if it were a full-time job and before the pandemic they also reported almost half of these men reported that they were taking pain medication every day some type of pain medication