Caution: Men (Not) At Work

Investors Business Daily ^ | August 29, 2016 | Editorial

[expat_panama]

Jobs: While the Fed and government policymakers fret over "full employment," ... ...t we are in the midst of a full-blown unemployment crisis — one that remains, in his words, "hidden."

This Friday, a new jobs report will come out. If the Wall Street consensus is correct, it will show the unemployment rate continuing to hover...

...a new book... ...nearly one out of six working-age men have no job and are no longer looking for one. A release for his book calls this "a hidden time bomb with far-reaching economic, social and political consequences." With 10 million fewer male workers in the labor force...

Men age 25 to 54 now have a lower labor participation rate than they did in 1940, as the Great Depression was winding down...

...one in six men today have no job and most have given up looking. At current trends, one in five will be out of the labor force in a generation.

African-American men are twice as likely...

Many of these nonworking men support themselves by government disability benefits...

...the collapse of male work may be a result of our soaring prison population and the "prevalence of non-institutionalized felons and ex-prisoners,...

..an entire generation of men with only a tenuous connection to the discipline and rewards of work...

...In other words, in every important category men are losing ground...

...young men "born into low-income, single-parent-headed households — which, in the vast majority of cases are female-headed households — appear to fare particularly poorly...

..."We keep hearing we are 'at or near full employment.' ... This, frankly, is nonsense...

...a long-term trend, but by far most of those who have left the labor force have been men...

This is indeed a silent time bomb ticking...

[expat_panama]

Most voters are women. Most purchases are made by women so advertisers force the media to favor women as victims of men --and needing government 'protection'.

[poobear]

No worries. We will have “the worse unemployment and economy since the Great Depression” if a Democratic isn’t elected.

[expat_panama]

A beautiful new day of sideways markets!   Stocks closed yesterday up a fraction in anemic trade and today's futures are mixed --some stock contracts up and others off a bit.

Precious metals hang on, gold and silver are now back up to $1,320.80 and $18.80 w/ futures upbeat.

The only major indicators today are Case-Shiller 20-city Index and Consumer Confidence later this morning.

Today's reading list:

The Market Has Already Picked Next President - Sue Chang, MarketWatch
Corrective Action In Market Could Be Developing - Doug Kass, RealMoney
Why the Reps. & Dems. Can't Agree on Basic Econ Facts - Ian Anson, TNR
A Clinton Economist Trusts Government Too Much - Tyler Cowen, BBW
What Will Government Do When the Next Crisis Hits? - Aaron Klein,RCM
Capital Gains Is a Real Loser of a Tax - Richard Rahn, Washington Times
Tax Cheating Is About to Rise in U.S. - Catherine Rampell, Washington Post
Econ. Policy Based On 100,000 Yr. Old Emotions - Glenn Harlan Reynolds
Obamacare Unstable & Can't Live Up to Promises - James Surowiecki, TNY

[IncPen]

we are in the midst of a full-blown unemployment crisis — one that remains, in his words, "hidden."

Jesus Christ, doesn't IBD know how hard it is to keep this hidden?

They say it like it's a bad thing.
_{Mainstream media = domestic enemies}

[kearnyirish2]

There is nothing “hidden” when anyone driving through a city sees masses of unemployed minority men lounging about everywhere; I guess it is a problem now because white guys are doing the same...

[kearnyirish2]

“Many of these nonworking men support themselves by government disability benefits...”

This story could have been written five years ago, but they didn’t want to damage incumbent President Santa Claus during his re-election bid...

[Bryanw92]

>>There is nothing “hidden” when anyone driving through a city sees masses of unemployed minority men lounging about everywhere; I guess it is a problem now because white guys are doing the same...

The globalist elites don’t expect the minority men to work. But the “crisis” comes when the white men that the elites need to keep the infrastructure functioning begin to drop out. They need those men working and carrying the load so that women and select minorities can enter the company and be promoted to management.

I’ve worked with industrial controls in the utility industry most of my life. When I was in my 30s, we hired entry-level workers who were my age. When I was in my 40s , we hired entry-level workers who were my age. Now I’m in my 50s and we hire entry-level workers who are my age. Millennials who are smart enough to do the job won’t do it because it involves some actual work.

Men have been screwed over in jobs, college admissions, family courts and are just giving up. X-Box and hanging out with friends is better than responsibility and Internet porn beats child support payments for a growing number of men.

When Gen-X leaves the work force, I really wonder where America will get power and water.

[1rudeboy]

Don’t read IBD, I see.

[1rudeboy]

Bingo. I work for a Tier One auto parts manufacturer, one that is always hiring. The kids wash-out in a couple of weeks, and the older guys stay. And we are supposed to be the ones with lower energy!

[kearnyirish2]

I agree that this was acceptable as long as it was just minority males shooting dice instead of working; the article would lead one to believe that white guys are doing the same, and while some are, the fact is that a huge segment of white males are missing due to white birthrates. We are trafficking masses of foreigners here because many whites simply stopped breeding.

If NJ is any indicator, things will just slowly deteriorate as whites leave the workforce (either through retirement or flight).

[kearnyirish2]

?

[1rudeboy]

I figured that you’ve never read their criticism, spanning decades.

[Bryanw92]

>> We are trafficking masses of foreigners here because many whites simply stopped breeding.

Because having children is a sucker bet for a man who wants a job, wants to enjoy the fruits of his labor, and doesn’t want to go to jail.

But this thread is about the white men that we do have, not the ones who were never born. Are you claiming that the men who would have worked are the ones who didn’t get born?

[Mad Dawgg]

I have numerous male friends in their 50s in my area who are NOT employed and do not run a traditional business (brick and mortar retail/service) instead we have entered the "grey economy".

Basically we are making money legally that the gub'ment can't reliably track. Buying and selling, flea markets, yard sales, ebay, odd jobs, grass mowing, auto repair, computer servicing and repair etc.

What we are NOT doing is paying FICA taxes legally. Many of us do so to "Starve The Beast" all of us do so to keep more of the money we earn.

This seems to be catching on and I say great.

[Bryanw92]

>>Buying and selling, flea markets, yard sales, ebay, odd jobs, grass mowing, auto repair, computer servicing and repair etc.

I see a lot of that too. One day, all the white men are just going to pick up and build Bartertown out on the fringes of civilization. Then civilization will collapse without us and the people will have to come to Bartertown to find any kind of civilization or functioning technology.

As I said, I work in utility automation. Several years ago, they decided to hire a black female and make her our manager. She started thinking she could run the place like a cubical farm, so we started putting up “Who runs Bartertown?” signs all over the place. She asked her husband what that meant and he told her. She transferred back to the cubicle side of the company.

[CurlyDave]

...What we are NOT doing is paying FICA taxes legally. Many of us do so to "Starve The Beast" all of us do so to keep more of the money we earn...

I know many men in our little rural town in the same situation. I think you and they will come to regret this in 15-20 years when it is time to retire and there is very little Social Security to provide income for you.

[wastoute]

A number of us went Galt six and seven years ago. So gummint just printed money and thumbed it’s nose. You can’t starve a beast that will just print food. Hence 8 Trillion in debt became 20.

[Mad Dawgg]

Why would we regret it. What are we missing that would have been provided for us by the Gub'ment?

I mean are you seriously relying on Social Security to take care of you?

I have my own investments that pay me far more. As well as accumulated REAL wealth that will survive most any idiocy the gub'ment can get into in the future.

Social Security IF I get any will be beer money, but certainly not money I rely on to survive.

[9YearLurker]

If men are the main ones abusing government “disability”—then women are indeed somewhat the victims of such fecklessness.

[rb22982]

I’m doing things a bit differently (trying to make enough to retire very early through W2 income as a corp exec) but at 34 y/o, I’m not counting on SS at all for retirement. My downside scenario assumes 0% of estimated SS, middle case assumes 40%, and upside assumes 80%. I’m saving enough to cover a downside+ scenario. Hopefully the guys doing this are also socking away money and investing in real estate, commodities, and some equities.