Why have so many American men given up on work?

Article here. Excerpt:

'Many men in the U.S. leave the labor force when their earnings decline compared with their better-paid peers, new research shows. The study found that more men drop out when workers' relative earnings fall.

The findings, from the Federal Reserve of Boston, help explain a trend economists have been puzzling over for decades: Why so many men have given up on the idea of holding down a job. Roughly one in nine men ages 25 to 54, an individual's prime working years, are out of the labor market today; that compared to one in 50 in the mid-1950s.'

Like0 Dislike0