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Why Are Prime-Age Men Vanishing from the Labor Force? (2018) [pdf]
- anovikov 7y agoIsn't this just a reflection of women' higher participation rate? For every several women who join the workforce, there is one man who stays home as stay-at-home pop. And yes especially the poorer educated ones, because they make less than their wives, so what's the problem about it. At least that explains the chart before mid-1990s. By that point, women participation rate plateaued, but also a generation X entered workforce massively, and they are less career-focused and care more about work-life balance, because they never seen poverty and not anxious about it - being amply provided in their childhoods in 1970s and 1980s by their parents. Which by the way, also explains why incomes stagnate to a great degree. People simply don't want to work nearly as hard as their parents did and want to enjoy their lives properly instead. Hardly a bad thing.