The following may be the most shocking number I give you today: in 2015, 22 percent of lower-skilled men aged 21”“30 had not worked at all during the prior 12 months. Think about that for a second. Every time I see it, that number blows my mind. In 2000, the fraction of young, lower-skilled men that didn’t work at all during the prior year was a little under 10 percent. Men in their 20s historically are a group with a strong attachment to the labor force. The decline in employment rates for low-skilled men in their 20s was larger than it was for all other sex, age, and skill groups during this same time period.
You may have a few questions in the back of your mind. If they are not working, where do these young, low-skilled men live? Our basements! According to recent data, 51 percent of lower-skilled men in their 20s live with a parent or close relative. That number was only 35 percent in 2000. In 2014, 70 percent of lower-skilled men in their 20s without a job lived with a parent or close relative.
If they are not working, how do these young men eat? We””the parents and relatives””feed them. When they are in our basements, they come up for food from time to time and raid our refrigerators. I have no information on whether or not they are showering.
Are these young, nonworking, lower-skilled men who are living in their parents’ basements married? You may be surprised to hear this: they are not.
Read it all (emphasis mine).
Economist Erik Hurst on the impact better video games is having on young adult male workers
The following may be the most shocking number I give you today: in 2015, 22 percent of lower-skilled men aged 21”“30 had not worked at all during the prior 12 months. Think about that for a second. Every time I see it, that number blows my mind. In 2000, the fraction of young, lower-skilled men that didn’t work at all during the prior year was a little under 10 percent. Men in their 20s historically are a group with a strong attachment to the labor force. The decline in employment rates for low-skilled men in their 20s was larger than it was for all other sex, age, and skill groups during this same time period.
You may have a few questions in the back of your mind. If they are not working, where do these young, low-skilled men live? Our basements! According to recent data, 51 percent of lower-skilled men in their 20s live with a parent or close relative. That number was only 35 percent in 2000. In 2014, 70 percent of lower-skilled men in their 20s without a job lived with a parent or close relative.
If they are not working, how do these young men eat? We””the parents and relatives””feed them. When they are in our basements, they come up for food from time to time and raid our refrigerators. I have no information on whether or not they are showering.
Are these young, nonworking, lower-skilled men who are living in their parents’ basements married? You may be surprised to hear this: they are not.
Read it all (emphasis mine).