Preview: YELLOW LIGHT: Comment by author Nicholas Eberstadt, Men Without Work, that the low labor participation rate may reflect new groups moving out of jobs, such as the Boomers and a "yellow light" on women of working age withdrawing.
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 4 October 2024
⏱️ 2 minutes
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Summary
1941 Jobless
Transcript
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| 0:00.0 | This is John Bachelor under the Weather. |
| 0:02.0 | Conversation with Nicholas Eversstadt, author of Men Without Work, |
| 0:05.9 | points to more than the phenomena of men without work |
| 0:09.8 | who are in primary working age. |
| 0:12.4 | Also points to elder people especially the boomer |
| 0:15.3 | generation and what Nick describes as a yellow light not a red light, on working-age women in America, without work, labor participation, |
| 0:30.3 | dimming in all categories. |
| 0:32.0 | Here's Nick to explain. Now the numbers today these |
| 0:38.6 | reports now show a job recovery. Is that answering without work? The prosperity of today is it a response to |
| 0:49.6 | without work to be determined? Nicholas Aberstard, more of this later. |
| 0:55.0 | Yes, well, unfortunately, the men without work problem that I described in the first edition is worse now than it was then. |
| 1:07.2 | You could almost draw a straight line from 1965 to the first edition of the book to where we are now six years later. |
| 1:16.7 | It's a kind of uncanny. |
| 1:18.4 | But it looks as if other population groups may also be joining this flight from work, including people who are older Americans, 55 plus, and now we're seeing some, I think, warning signs for Prime Age women. |
| 1:36.7 | I don't want to say it's a red flashing light, but maybe a yellow flashing light. |
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