274: Nicholas Eberstadt—It's Worse Than You Think

The Way I Heard It with Mike Rowe

Society & Culture, History

4.8 • 39.1K Ratings

🗓️ 18 October 2022

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

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Summary

The workforce participation rate that is. The number of able-bodied men choosing not to work is a crisis, and Nicholas Eberstadt, Henry Wendt Chair in Political Economy at the American Enterprise Institute, can prove it.

Transcript

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0:00.0	Hello, friends, and welcome to the way I heard it.
0:06.2	Episode number 274 is upon us, and it's worse than you think.
0:12.1	What?
0:12.8	The episode is worse than we think?
0:14.4	What?
0:15.2	No, that's the title I'm going with Chuck, because after reflecting on the conversation I just had with our incredible guest,
0:21.7	Nicholas Eberstadt, I'm afraid the situation in our country vis-a-vis our workforce,
0:28.7	I knew it was bad, but it's worse than I thought. And be honest, you feel the same way.
0:35.6	Well, it's true. I do. And he raises some great points in this discussion.
0:40.4	He's a really smart guy.
0:42.0	He works at the American Enterprise Institute.
0:45.9	Harvard, Ph.D.
0:47.0	Oh, yeah, Harvard.
0:47.9	He's got all the letters, the alphabet.
0:49.1	All the initials you need to see behind a man's name
0:52.2	to convince you that he might know what he's talking about.
0:56.1	Follow the name of Nicholas Eberstadt.
0:58.3	He wrote a book that caught my attention back in 2016, though I didn't really read it because I had already come to a similar conclusion.
1:06.6	It was called Men Without Work.
1:09.2	His book is being reprinted because what just happened as a result of the lockdowns
1:15.3	has launched an extraordinary flight from work that has created a labor participation rate lower than anything we've ever seen.
1:27.4	You guys hear me rant all the time about 11 million open jobs
	...

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