Tuesday, June 21, 2016

"A new White House report shows a staggering drop in the portion of working-age men who are actually working."

"A new White House report shows a staggering drop in the portion of working-age men who are actually working."

"American men aged 25-54 have been dropping out of the labor force steadily for the past 60 years. In 1954, 98% of such men were either working or looking for work; today, that figure is only 88%."

Not mentioned in the article is one possible explanation: that an ever-increasing number are making their living in the underground economy, and are therefore actually employed but technically unemployed. I guess that may include real criminals, but that's not what I'm referring to. I know of people who make their living buying and selling on e-Bay, never claiming the profits as taxable income. They do not collect unemployment checks or any form of disability. They simply make a kinda-sorta passable income off the grid.

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