During each recession for the last 40 years, a sizable number of men — more than women — have left the labor force and not come back
So far, this has been true for the Covid pandemic , despite rising wages and the best job market in decades trib.al/2Ql0F7u
The male prime-age labor force participation rate — the share of men aged 25 to 54 who are either working or looking for work — has fallen over the years from 96% in 1970 to about 89% in 2020 before the pandemic trib.al/gi8P7HM
Less-educated men are the most likely to drop out of the workforce.
The rate of prime-age male high school graduates in the labor force is still 1.37 percentage points lower than before Covid. Only 84% of men without college degrees are in the labor force trib.al/gi8P7HM
The numbers look worse in some areas: In November only, 83% of prime age men were in the labor force in West Virginia and Vermont, and just 79% in Mississippi, while 92% of prime age men were engaged in the job market in Utah trib.al/gi8P7HM
Economists have offered many reasons to explain why fewer men are working in their prime career years.
One is that technology and globalization destroyed the routine jobs that provided employment to many trib.al/gi8P7HM
The idea is that these jobs have disappeared and men aren’t getting the skills they need to thrive in the new economy.
There's another theory that better leisure options, like video games, reduce the desire to work trib.al/gi8P7HM
Changes in the disability program made it easier to claim benefits and never return to the labor market.
Americans are generally sicker: 35% of disabled Americans report a mental health disorder and 30% report disabilities that may be related to obesity trib.al/gi8P7HM
Opioids also play a role, but how that plays out isn't clear.
The burden of an opioid addiction could keep people from working. Some economists speculate that a grim labor market might also make more people turn to drugs trib.al/gi8P7HM
Time out of work is associated with depression and poor health.
Keeping people employed and productive is important for a growing, vibrant, inclusive economy trib.al/gi8P7HM
We need to think bigger and create an economy where people of all skill levels can thrive and reach their potential.
That starts with better and more rigorous secondary school education and reviving vocational high schools trib.al/gi8P7HM
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We’re already fighting the next global health emergency: Growing antimicrobial resistance (AMR).
Common ailments such as UTIs and sepsis are increasingly able to tough out the drugs developed against them. Some develop into superbugs that defy treatment trib.al/Z4TUOmz
Antimicrobials is the catch-all term for the many antibiotics, antivirals, antifungals and other drugs that prevent infections in:
Pathogens naturally develop resistance to antimicrobials as they evolve, but thanks to an overuse of antibiotics and other conditions, the speed of such resistance has become a major global health issue trib.al/Z4TUOmz
It’s official: Americans are paying up for their favorite goods.
December saw the biggest 12-month gain in inflation since 1982. Procter & Gamble raised its sales outlook for the year to the end of June on the back of higher prices trib.al/ftA3lQJ
Consumers clearly aren’t balking at having to pay more for their groceries.
P&G said that so far, they were reacting to price increases more favorably than in the past.
Instead of pulling in the purse strings, consumers are trading up trib.al/9GGkW7e
A little inflation is good for manufacturers and retailers alike. The value of sales expands, and consumers get used to paying more at the check-out counter.
It’s a problem when price rises grow rampant trib.al/9GGkW7e
News that the U.S. population barely grew in 2021, together with ever-falling birthrates and the decline in immigration, raises the possibility the nation will be shrinking in the not-so-distant future.
That won't necessarily make housing more affordable trib.al/yhSPInH
If the U.S. population starts to decline, it might lead to even less housing demand in stagnant metro areas and a worse housing affordability crisis in the smaller number of places that continue to attract new residents trib.al/GDlp3Ii
A country without any population growth doesn't need to have a growing housing construction industry.
That will lead to consolidation among homebuilders and the building materials supply chain trib.al/GDlp3Ii
The European Union’s landmark decision to approve insects for human consumption was a victory for maggots and people everywhere.
It paves the way for an alternative protein source that should play a critical role in feeding a hotter, more populous world trib.al/2RC6aSi
For most consumers, the EU decision won’t translate to bugs in your burgers and mealworms in your macaroni.
Insects will play a far more integral role in human food systems going forward.
But they won’t likely be a direct form of protein trib.al/nsR7RQ7
🐛 Insects are becoming an increasingly valuable indirect food source — a feedstock for poultry, farmed fish, pork and beef which are currently fattened on environmentally costly soy and corn feeds trib.al/nsR7RQ7