Showing posts with label Manufacturing. Show all posts
Showing posts with label Manufacturing. Show all posts

Sunday, October 9, 2016

Who Really Murdered Manufacturing Jobs in America and Why That's Important in November

by Nomad


American workers have every reason to be angry. For a crafty politician, it's the kind of emotion that wins elections. However, the question is whether they have fully understood who was responsible for their plight.


The Angry Unemployed American Male

The last half century of American history has been marked by one undeniable economic trend: the death of the American worker. Between 1965 and 2015, experts say that employment rates for the American male spiraled relentlessly downward. 
America is now home to a vast army of jobless men no longer even looking for work—more than 7million between the ages of 25 and 54, the traditional prime of working life...The collapse of male work is due almost entirely to a flight out of the labor force—and that flight has on the whole been voluntary. The fact that only 1 in 7 prime-age men are not in the labor force points to a lack of jobs as the reason they are not working.
The Atlantic Monthly provides a little more information:
Poor men without a college degree are disappearing from the labor force. The share of prime-age men (ages 25-54) who are neither working nor looking for work has doubled since the 1970s.
This is, not too coincidentally, the core support of Republican nominee Donald Trump's campaign.