Yes, but during the Reagan Era, there were still many jobs for men who lacked higher or even high school educations. The housing industry was growing steadily and dominated by American carpenters. There were still a great deal of factories staffed by an uneducated, American workforce. There were jobs that a man with little education could still earn a decent living at.
Those jobs are gone and short of some radical economic changes, they aren't coming back. Does anyone think the factories whose assembly lines have long since been relocated to China are going to reopen?
Right now, the "unemployable" (not just unemployed) man is a high school dropout with a criminal record. He has a low IQ and probably reads at a 4th grade level, if that. There used to be jobs for these men. Today there are few of these jobs and these unemployable men have to compete with smarter guys who have stronger work ethics or they have to compete with immigrants who will work twice as hard for a fraction of the pay. It's going to be pretty grim for a huge demographic of young men and I just don't see it changing. In history, when there was a glut of young unemployed men, they were turned into soldiers and spent on the battlefield. Today, even the Army isn't hiring these guys. We're about to see legions of the terminally unemployed men and men who have never in their lives held jobs and it's going to be ugly. We're going to need to build more prisons.
Back in the 20s and 30s in Germany, these "unemployable men" became SA Brownshirts.