…. 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.
No one answer to this I don’t believe, so I’ll give you three.
1. Government handouts, whether that be old fashioned welfare, food stamps, or “covid relief”
2. Living off family money, whether that means moving back in with them, or spending their inheritance after they died
3. Illicit money, from drug sales or other contraband like theft from stores
“D” squared (death/disability).
He seems to have backed off a bit lately...
I think he’s playing his cards close to his vest
(there is some chicanery playing with the official employment numbers, though I think he had his own historical version; and, could be slackers vs. deaths vs. clotshot injuries and people going on disability?)
Yes he does....