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Cato Podcast

Men without Work: America’s Invisible Crisis

Cato Podcast

Cato Institute

Immigration, News, News Commentary, Peace, 424708, Markets, Government, Libertarian, Policy, Politics, Cato, Defense

4.5979 Ratings

🗓️ 3 May 2017

⏱️ 21 minutes

🧾️ Download transcript

Summary

The proportion of working-age men who aren't working has been in steady decline for decades? Why? Nicholas Eberstadt is author of Men without Work: America's Invisible Crisis. He spoke at the Cato Institute in January.

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Transcript

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0:00.0

This is the Cato Daily Podcast for Wednesday, May 3rd, 2017. I'm Caleb Brown.

0:05.4

Since the late 1940s, the proportion of working age men who are not working is more than

0:10.4

doubled and the problem has grown steadily.

0:13.6

What accounts for it, and what are these men doing with their days?

0:16.9

And why does marriage overcome other predictors of employment like education and race?

0:22.2

Nicholas Eberstadt is author of men without work, America's Invisible Crisis.

0:26.0

He says the public policy response isn't clear,

0:29.0

but the crisis deserves more attention than it's getting.

0:32.0

When did demography... deserves more attention than it's getting.

0:33.0

When did demographers and economists begin to discover that this was a serious problem with no clear answers?

0:41.0

I would say that in the labor economics literature, articles

0:49.2

started being published in the early 1980s, saying, gee, there's been a decline in workforce

0:58.7

participation for prime age men in America over the last 15 years.

1:03.8

That's odd.

1:05.2

Well, I guess it'll just a blip.

1:07.9

And then in the early 90s, people said,

1:11.2

yeah, this is still going down down but it's so anomalous it's going to

1:15.1

turn around and we kept on hearing in the expert literature that this is

1:22.3

odd and not the way that the real world is supposed

1:25.1

to work so it's probably going to turn around and here we are 50 years later and it's still

1:29.7

getting worse.

1:31.6

Does the data with respect to labor force participation for these prime age men, does that move

...

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