This is CBSi and the world. I'm John Bachelor with Nicholas Aberstatt. His reissue of his men without work, which was published in the middle of the second decade of the 21st century. We're now in the third decade and we've

survived the pandemic that put everyone out of work momentarily. Nick provides a

chapter of some things that we can see that momentarily. now again and again is these numbers are changing not only for men but also for

women do I read you correctly that women without work is a rising category. Yes, well, unfortunately, the men without work problem that I described in the first edition is worse now than it was then. You could almost draw a straight line from

1965 to the first edition of the book to where we are now six years later it's a kind of uncanny but it looks as if

other population groups may also be joining this flight from work including people who are

older Americans, 55 plus, 65 plus, and now we're seeing

some, I think, warning signs for Prime Age women. I don't want to say it's a red flashing light but maybe a yellow flashing light.

Is it a shock or is it a shift of the labor force? Nick asked that question. What is the China shock? How would that contribute to the

to the unknowns? Well the China the first China shock was the China entering the world trade organization which provided an avenue for Chinese manufacturing and low-cost goods into our economy, did a lot of things to lower

inflation in the U.S. but it also wreaked havoc on our manufacturing sector over the course of a few years and changed our

manufacturing patterns including work. I mean we've had a China shock with

with COVID as well and that brought us to the brink of a global economic collapse

with the shutdowns that you described.

And we also have right now an introduction to, I think it's called Universal

Base, basic income, UBI, which is a debate in our allies.

You note that the supplementary checks that were from the Trump administration,

the Biden administration,

serve as that, but there was also the unemployment benefits

that were I think you report them they were 600 dollars a week and then they were

reduced to 300 dollars a week and can you see those in the statistics for not in the labor force?

You can see that there has been a delayed return to work in the United States.

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