August 01, 2006

Middle Aged Men Dropping Out Of The Workforce

The New York Times has a long article that looks at the growing mass of middle aged men (30-55) who once had successful careers and now find themselves on the outside of America's economy.
About 13 percent of American men in this age group are not working, up from 5 percent in the late 1960’s. The difference represents 4 million men who would be working today if the employment rate had remained where it was in the 1950’s and 60’s.
Many are unwilling to take low paying jobs even if that's all there is. 13% of Men who should be driving America's economy are staying at home instead of participating in the new economy of lower paying jobs, fewer benefits, and longer commutes. How did things go so wrong?

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