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It’s true that the pandemic, which of course produced a number of factors that made working more difficult never mind dangerous, pushed the labor participation rate to a record low. But the fact that millions of American males have not been working precedes COVID-19 by decades. In fact, the participation rate for men peaked at 87.4% in October 1949 and has been dropping steadily ever since. It now stands at 67.7%. As a business journalist for a good portion of those 70-plus years, I’ve looked at thousands of charts and graphs in my life, and I have to say this one is as jaw dropping as it is vexing:
originally posted by: Waterglass
Ha ha so after watching all those guys over there throughout Asia-Pacific chanting deeth to e merica and all those others just protesting the USA. I often wonders how they made money. Are they Gigolos? Well seems like USA Joe Six Pack has finally had enough of the you know who cartels. Along with the feminists and god knows what else.
Wake up merica?
You decide!
7 ways men live without working in America
It’s true that the pandemic, which of course produced a number of factors that made working more difficult never mind dangerous, pushed the labor participation rate to a record low. But the fact that millions of American males have not been working precedes COVID-19 by decades. In fact, the participation rate for men peaked at 87.4% in October 1949 and has been dropping steadily ever since. It now stands at 67.7%. As a business journalist for a good portion of those 70-plus years, I’ve looked at thousands of charts and graphs in my life, and I have to say this one is as jaw dropping as it is vexing:
It’s important to note that every man in this group has his own story. They range from mentally ill homeless men who desperately need our help, to the I’m-doing-just-fine-thank-you-very-much, retired early, and former Silicon Valley coder.
-Early retirement, pensions, disability and lawsuits
Admittedly, this is a bit of a hodgepodge. And as is the case with many of these categories, hard data is tough to come by, but it is the case that millions of men under 64 are at least partly living off of pensions and 401(k)s. This would include everything from C-suite executives to union members.
-Savings, trading stocks, and bitcoin
Consider now men are living off savings, or from money made in the market or maybe even selling NFTs. How many is it exactly? Who knows, but quite a few for sure.
originally posted by: Stupidsecrets
Another jaw dropper that ties into this one is close to 80% of Black women are single mothers.
www.washingtonexaminer.com...
This week alone there have been 92 people shot in Chicago mainly inner black cities.
heyjackass.com...
It's all not doom an gloom though. The US Military uses Chicago ER rooms to train their medics for combat deployment.
news.wttw.com...
originally posted by: Atsbhct
originally posted by: Stupidsecrets
Another jaw dropper that ties into this one is close to 80% of Black women are single mothers.
www.washingtonexaminer.com...
This week alone there have been 92 people shot in Chicago mainly inner black cities.
heyjackass.com...
It's all not doom an gloom though. The US Military uses Chicago ER rooms to train their medics for combat deployment.
news.wttw.com...
That sounds jaw dropping until you read the article and "single" actually means "unmarried". I'm sure plenty of those mothers don't have any support from the child's father, but it sounds way worse than it is. I'm sure we all know plenty of people who have kids together and raise them effectively without being married.