4 ms·
The Eberstadt piece is making the rounds. Participation of prime-age men in the labor force is down to Great Depression Era levels. Unaddressed is whether thi
by politician 4y ago
The Eberstadt piece is making the rounds. Participation of prime-age men in the labor force is down to Great Depression Era levels.
Unaddressed is whether this is the expected result of increasing workforce participation of women.
Yet, there is something to be said about young men with nothing to do. Historically, excess men are sent to war. Now, we placate them with video games and antidepressants and disability checks.
Overall, this is an interesting observation and we don’t know where it will lead. The best take that I’ve heard is that this, at scale, is the most likely effect of UBI.