(paywalled) excerpts: "These young (Sanders/Trump) voters seem not to realize that the economic policies they find so resonant are the least likely to promote

(paywalled) excerpts: "These young (Sanders/Trump) voters seem not to realize that the economic policies they find so resonant are the least likely to promote the growth and the social mobility they desire. ..." "The underemployment rate... for young adults below age 30 is 60%. The overall employment-to-population ratio of 77.4% for those in the prime-of-working-life 25-54 age bracket translates into 1.5 million jobs below the 20-year average." and "The college graduate living in his parents’ basement and working a marginal job to service a student loan is by now an archetype of the Obama era. And while the headline unemployment numbers are down, and the administration congratulates itself on a tepid “recovery” that was almost exclusively dependent on Fed-engineered financial-asset inflation, there is every reason to be skeptical about the health of the labor market. The labor-participation rate languishes at its lowest level in 40 years..."