.....this entire article reminds me of a shell game (i.e. which cup is the peanut under).
What sane intelligent person would believe any number published by our federal government. They have not even agreed on how many shots were fired at Kennedy 59 years later.
…. In fact, as of September of this year, there appears to be nearly a six-million-man gap between the number of men in the prime-age group—age 25-54—and the number of prime-age men actually in the workforce. Depending on why they're out of the workforce, that is potentially some very bad news for both the economy and for society overall.….
Hmmmm…..why would so many be out of the workforce?
Karl Denninger has a guess.
ADP’s report was completely different than BLS. The bad news in the ADP report was manufacturing employment fell by 100k last month. BLS showed a gain. I know that they use different methods of counting the unemployed. But how do you trust? A company the processes payroll or lazy ass government employees that could never get a real job in the private sector? I fully believe the latter is doing the bidding of Biden and the deep state. I don’t trust a damn thing the government says.
Most of the missing are making a great living by looting, selling drugs, sex trafficking, human slavery etc. and they don’t pay taxes on that income.
That should read “White men.”
What we are seeing is another age bracket for males not working full time from the MidWest, to SW and West Coast.
Their Ages: 55/65, and they are men who are leaving the workforce and basically becoming part time workers and/or with no real jobs at all.
They often have the same profile: A working spouse with regular income and health insurance coverage and no children in college or trade schools. Most of their adult children live away and have reasonably good jobs. These guys often have good skills and often work 1-2 days a week. Last but not least, these guys are often white or 2nd generation Hispanics. They have reliable reputations as long as you don’t try to hire them full time.
My wife’s dad and his 8 brothers could have been early role models for their time re being young and basically not working in a job after turning 55 years old. They lived in a small midwest town, stopped working 5+ days per week @55/56.
Their wives had entered the job markets and had paying jobs and health insurance coverage.
My wife had 3 uncles on the other side of her family. They were teachers and coaches/ principals until they pulled the plug on teaching 5 days per week. They became substitute teachers/principals for 3-4 days per week. They started pulling the full time plug in their late 50’s. A couple of them drove school buses on demand. They spent more time on their farms and critter raising businesses after leaving their regular jobs. Interestingly, all 3 lived until their mid 90’s, a record for males in their family. They and their wives seem to thrive on their semi retirement.
My wife and I feel that we will see the same work trends with the males in our family approaching their mid 50’s. One has just done that. He said that it was the first time in 25 years he enjoyed Thanksgiving and is looking for to this Christmas with zero job obligations and being on call. He gets a lot of calls and texts from his cousins. He feels that in 1-2 years, basically every male cousin will pull the plug on regular jobs.
Our nieces are different! They like their jobs and may work past age 65 in their jobs. My wife worked as a lead RN until she was 70. As one of them noted, “Their HR people love the older and career oriented female workers!”
In today’s world, not too many males will say on their death beds: “I wish that I could have worked more for someone else!”