Tell me and I forget. Teach me and I remember. Involve me and I learn. Benjamin Franklin

Friday, January 2, 2015

The Rise of Men Who Don’t Work, and What They Do Instead

Amanda Cox 

The New York Times -  DEC. 11, 2014

At every age, the chances of not working have changed in the last 15 years. Teenagers are far more likely not to work. Older people are retiring later and working more. In the ages in between — the periods of life when most people work — the changes have been smaller, but they are still substantial.
In the late 1960s, almost all men between the ages of 25 and 54 went to work. Only about 5 out of every 100 did not have a job in any given week. By 2000, this figure had more than doubled, to 11 out of every 100 men. This year, it’s 16. (People in the military, prison and institutions are excluded from these figures.)
Of course, the economy was stronger in 2000 than it is today, with a lower official unemployment rate — the share of people not working and actively looking for work — than today. But for prime-age men, the rise in official unemployment explains only about one-third of the increase in not working.

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