Danny Blanchflower, a Labour market economist known for his research on youth mental health, discusses the alarming rise in mental health issues linked to smartphone proliferation since 2014. He highlights how economic factors, especially post-pandemic conditions, have exacerbated these challenges, particularly for young women. The conversation critiques government policies affecting mental health support and emphasizes the need for strategic investments to address this crisis, advocating for a better balance between technology use and mental well-being.
The proliferation of smartphones since 2014 is significantly linked to the decline in mental health among young individuals.
Addressing the mental health crisis among youth demands innovative policies and collaborative efforts to enhance both well-being and economic participation.
Deep dives
Declining Mental Health Among Young People
Recent research highlights a significant decline in the mental health of young individuals, particularly those in their 20s. This trend began around 2013, manifesting in increased incidences of mental health issues which predates the COVID-19 pandemic. The data indicates that young people's happiness levels have decreased, coinciding with a rise in substance abuse and mental health disorders. Current findings suggest that this problem, affecting primarily young women, has been overlooked and requires urgent attention.
Impact of Smartphones and Social Media
The rise of smartphones and social media appears to be a leading factor in the deterioration of young people's mental health. Data shows that excessive smartphone usage, particularly among young women, correlates with higher rates of anxiety and depression. For instance, studies indicate that young women globally spend an average of five hours a day on their phones, which correlates with feelings of loneliness and body image issues. Research suggests that limiting smartphone access may improve mental well-being, highlighting the need for proactive measures.
Economic Consequences of Mental Health Issues
The mental health crisis among young people has profound implications for economic growth and workforce participation. Many young individuals are withdrawing from the labor market due to mental health issues, leading to concerns about long-term economic impacts. In the UK, a notable percentage of young adults classify themselves as disabled due to mental health problems, which obstructs their transition into the workforce. Thus, addressing mental health concerns is crucial not only for individual well-being but also for broader economic stability.
Need for Comprehensive Solutions
Addressing the mental health crisis requires a multifaceted approach involving both support and structural changes. Proposals suggest that innovative policies, such as subsidized job placements and mental health interventions, could facilitate better outcomes for affected individuals. It is essential to examine the relationship between mental health services, public policy, and young people's experiences in the labor market. A collaborative effort is necessary to create effective strategies that promote both mental well-being and economic participation among young people.
Robert speaks to economist Danny Blanchflower about the surge in mental ill-health among young people, which his global research shows is linked to the proliferation of smart phones since 2014. As a former member of the Bank of England’s MPC, he also talks about what’s gone wrong at the Bank.