Chairman @SenMikeLee opening today's #JECHearing: "The American labor market is strong. The current economic expansion is the longest in U.S. history. Our unemployment rate has remained at or below 4% for the last 20 months and continues to fall." jec.senate.gov/public/index.c…
"Yet, behind these indicators of recent strength, there lies a worrisome, long-term trend... Many American men are leaving the workforce altogether. Though on the rise, the employment-to-population ratio for prime-age men is near levels not seen since the Great Depression."
"The JEC’s #SocialCapitalProject, as part of its mission to understand associational life in America today, has studied the plight of these disconnected men and identified potentially greater consequences for the health of our families and communities." #JECHearing
@SenMikeLee points out that in our report, “Inactive, Disconnected, and Ailing: A Portrait of Prime-age Men Out of the Labor Force,” we found that disconnected men are more socially isolated & less happy than their employed peers. Read all about it here: jec.senate.gov/public/index.c…
@SenMikeLee "If we are to expand opportunity by strengthening families, communities, and civil society, we must devote our attention to work—a means of supporting ourselves and our families, a source of meaning and purpose, and a site for affirming and satisfying relationships."
"A variety of reasons have been offered to explain why fewer Americans in their prime earning years are joining the work force: declining economic dynamism, falling worker mobility, stagnating wages, trade exposure, and employment polarization..." @SenMikeLee #JECHearing
"Our next step will be to consider policy reforms consonant with the most plausible explanations for declining prime-age labor force participation."
Look for an upcoming #SocialCapitalProject report covering these topics. Follow us to be the first to know when it's released!
Look for an upcoming #SocialCapitalProject report covering these topics. Follow us to be the first to know when it's released!
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