How Money Works Why 10 Million Men Have "Given Up" on Work... | How Money Works
Why 10 Million Men Have "Given Up" on Work...
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Four years ago, America and the rest of the world saw its most intense spike in unemployment in recorded history…
In today’s news cycle that is ancient history, but what it’s ignored, is what has been left behind.
There are now over 10 million people (mostly men) in America who are not working, not studying, not retired and not institutionalized… they are just doing… nothing…
Covid accelerated this trend, but it’s been going on for decades… since the 1960’s about 0.1% of American men have given up on work to never come back… EVERY… SINGLE… MONTH
So why are so many people giving up so consistently? And more importantly… how are these people surviving without a job in this economy?
There are a lot of reasons why someone might not participate in the labor force.
They might have retired, they might still be studying for qualifications, there are people who are too sick to work, stay at home spouses, members of the military who are clearly working but don’t officially count as part of the labor force and then of course there are just really rich people who don’t need to work to maintain their lifestyle. There are also just regular people who are unemployed…
These groups have always existed but there is a new group growing alongside them which are people who have just given up…
So it’s time to learn How Money Works to find out how these people are surviving without work, and what it means for the rest of the workforce if they never come back…
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Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out.
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