A shortage of young men in the workforce could weigh on housing, Social Security, and growth for years to come
Submitted by Matt on Thu, 2024-06-27 01:41
Article here. Excerpt:
'America's job market is mysteriously short of young men.
It's a trend experts say will drag on the economy and could take years to fix, mainly because men have already been dropping out of the workforce for decades.
According to Carol Graham, a senior fellow of economic studies at the Brookings Institute, the labor force participation rate of prime working-age men has been declining over the last twenty years. Today, 11% of men aged 25-54 don't have a job and aren't looking for one, more than triple the percentage recorded in 1955, when just 3% were out of the workforce, according to data from the Bureau of Labor Statistics.'
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