Friday, November 18, 2022

Very low labor participation for young men

Do we need more Harvard grads? Ask anyone who owns a company that hires people in the trades. We signed today for a new garage door. It will be 12 weeks at least--supply line, shortage of steel, and no workers despite good wages and benefits. Huge price increase since 2020. We've all heard that labor participation has not returned to pre-pandemic levels, but the truth is, it's been dropping since the 1960s. Hmmm. What was happening? The War on Poverty. 2nd wave feminism. The Pill. Huge drop in marriage rate and fathers in the home. Begins in academe and drips into the Potomac.

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