As the unemployment rate recovers faster than job
creation does, there's been much consternation about the quality of the
job market improvement. Yes, the unemployment rate has fallen to 7.8%,
but how do we account for the following chart? As it shows, since the
end of 2008 the labor force participation rate has fallen from
65.8% to 63.6%.
Aggregates can be misleading. For
instance, that surge in the participation rate from the 1960's to 1980's
is a result of women joining the workforce.
The male rate, on the other hand, has been declining since the 1950's.
Male participation has fallen under President
Obama. It fell under President George W. Bush. And President Clinton.
It's fallen in every presidential administration going back to at least
Eisenhower's, with the exception of Carter's, for whom it was flat.
Why are fewer men choosing to work? For that, we turn to the Census Bureau's 2012 Statistical Abstract.
The participation rate is lower for single men than for married men, and marriage
rates in the US have been falling for decades, so we'd expect a modest
decline from that. Looking by age bucket, it's been pretty steady for
single and married men for everyone over the age of 25 since the start
of the Great Recession.
The recent decline we've seen has been primarily
among young, single men. For single men age 16-19, participation fell by
almost 9 points from 2006-2010. For single men age 20-24 it fell by
almost 5 points. This could be for a variety of factors, from men
deciding it's not worth bothering to apply for a job at the local
grocery store, to men more focused on their education with unskilled
work harder to find, to those living at home who decide there's no need
for spending money when so much entertainment is free online.
Additionally, the acceleration in the labor force
decline began when the oldest baby boomers began turning 60. Yes,
because of deflated housing prices and retirement accounts, boomers will
work longer than they thought. But 60-year olds still work less than
30-year olds, and that demographic shift is being reflected in the data.
What's more, this decline in the workforce is part of a century-long trend towards working less in the United States. Child labor laws were passed during the Great Depression, restricting child labor. During the Truman administration, the US government instituted the 40-hour work week for federal employees. The passage of Social Security and Medicare reduced incentives for seniors to work as well.
This is a good thing. Among his many writings, John Maynard Keynes talked about an eventual 15-hour work week to satisfy the material needs of citizens. We're progressing slower than he thought, but we're getting there.
But can fewer working young adults possibly be a good thing? It's intuitive that fewer workers means less work and a smaller and weaker economy. But since the decline is mostly among very young men (and, to a lesser extent, young women) we need to understand why they're dropping out.Student loan debt outstanding has grown from $360 billion to $900 billionover the past seven years. The size of this debt is daunting, but it shows that some of the labor force decline is due to young people investing more in their education, an eventual long-term positive.
And those not dropping out for education-related reasons? If it's just a bunch of 17-year olds who are content spending their time on Facebook instead of earning a few bucks bagging groceries, that's one thing. But if it's people who feel shut out of the workforce, that's something policymakers should address.
These are issues we're going to have to grapple with, because with robotic labor on the horizon, our desire and ability to compete with emerging market and silicon-based labor, especially for less-educated Americans, is likely to continue to fall.
Some fans are complaining that Zack Snyder’s envisioning of the Man of Steel is too grim—but it’s less a departure than a return to the superhero’s roots.
Since the official teaser trailer for Batman v Superman: Dawn of Justice debuted online in April, fans and critics alike have been discussing the kind of Superman Zack Snyder is going to depict in his Man of Steel sequel. The controversy stems from Snyder’s decision to cast Superman as a brooding, Dark Knight-like character, who cares more about beating up bad guys than saving people. The casting split has proved divisive among Superman fans: Some love the new incarnation, citing him as an edgier, more realistic version of the character.
But Snyder’s is a different Superman than the one fans grew up with, and many have no problem expressing their outrage over it. Even Mark Waid, the author of Superman: Birthright (one of the comics the original film is based on), voiced his concern about Man of Steel’s turn toward bleakness when it came out in 2013:
The Islamic State is no mere collection of psychopaths. It is a religious group with carefully considered beliefs, among them that it is a key agent of the coming apocalypse. Here’s what that means for its strategy—and for how to stop it.
What is the Islamic State?
Where did it come from, and what are its intentions? The simplicity of these questions can be deceiving, and few Western leaders seem to know the answers. In December, The New York Times published confidential comments by Major General Michael K. Nagata, the Special Operations commander for the United States in the Middle East, admitting that he had hardly begun figuring out the Islamic State’s appeal. “We have not defeated the idea,” he said. “We do not even understand the idea.” In the past year, President Obama has referred to the Islamic State, variously, as “not Islamic” and as al-Qaeda’s “jayvee team,” statements that reflected confusion about the group, and may have contributed to significant strategic errors.
New research confirms what they say about nice guys.
Smile at the customer. Bake cookies for your colleagues. Sing your subordinates’ praises. Share credit. Listen. Empathize. Don’t drive the last dollar out of a deal. Leave the last doughnut for someone else.
Sneer at the customer. Keep your colleagues on edge. Claim credit. Speak first. Put your feet on the table. Withhold approval. Instill fear. Interrupt. Ask for more. And by all means, take that last doughnut. You deserve it.
Follow one of those paths, the success literature tells us, and you’ll go far. Follow the other, and you’ll die powerless and broke. The only question is, which is which?
Of all the issues that preoccupy the modern mind—Nature or nurture? Is there life in outer space? Why can’t America field a decent soccer team?—it’s hard to think of one that has attracted so much water-cooler philosophizing yet so little scientific inquiry. Does it pay to be nice? Or is there an advantage to being a jerk?
In an interview, the U.S. president ties his legacy to a pact with Tehran, argues ISIS is not winning, warns Saudi Arabia not to pursue a nuclear-weapons program, and anguishes about Israel.
On Tuesday afternoon, as President Obama was bringing an occasionally contentious but often illuminating hour-long conversation about the Middle East to an end, I brought up a persistent worry. “A majority of American Jews want to support the Iran deal,” I said, “but a lot of people are anxiety-ridden about this, as am I.” Like many Jews—and also, by the way, many non-Jews—I believe that it is prudent to keep nuclear weapons out of the hands of anti-Semitic regimes. Obama, who earlier in the discussion had explicitly labeled the supreme leader of Iran, Ayatollah Ali Khamenei, an anti-Semite, responded with an argument I had not heard him make before.
“Look, 20 years from now, I’m still going to be around, God willing. If Iran has a nuclear weapon, it’s my name on this,” he said, referring to the apparently almost-finished nuclear agreement between Iran and a group of world powers led by the United States. “I think it’s fair to say that in addition to our profound national-security interests, I have a personal interest in locking this down.”
19 Kids and Counting built its reputation on preaching family values, but the mass-media platforms that made the family famous might also be their undoing.
On Thursday, news broke that Josh Duggar, the oldest son of the Duggar family's 19 children, had, as a teenager, allegedly molested five underage girls. Four of them, allegedly, were his sisters.
The information came to light because, in 2006—two years before 17 Kids and Counting first aired on TLC, and thus two years before the Duggars became reality-TV celebrities—the family recorded an appearance on TheOprah Winfrey Show. Before the taping, an anonymous source sent an email to Harpo warning the production company Josh’s alleged molestation. Harpo forwarded the email to authorities, triggering a police investigation (the Oprah appearance never aired). The news was reported this week by In Touch Weekly—after the magazine filed a Freedom of Information Act request to see the police report on the case—and then confirmed by the Duggars in a statement posted on Facebook.
Advocates say that a guaranteed basic income can lead to more creative, fulfilling work. The question is how to fund it.
Scott Santens has been thinking a lot about fish lately. Specifically, he’s been reflecting on the aphorism, “If you give a man a fish, he eats for a day. If you teach a man to fish, he eats for life.” What Santens wants to know is this: “If you build a robot to fish, do all men starve, or do all men eat?”
Santens is 37 years old, and he’s a leader in the basic income movement—a worldwide network of thousands of advocates (26,000 on Reddit alone) who believe that governments should provide every citizen with a monthly stipend big enough to cover life’s basic necessities. The idea of a basic income has been around for decades, and it once drew support from leaders as different as Martin Luther King Jr. and Richard Nixon. But rather than waiting for governments to act, Santens has started crowdfunding his own basic income of $1,000 per month. He’s nearly halfway to his his goal.
The brilliant mathematician, who died in a car accident on Sunday, was best known for his struggle with mental illness.
John Nash, a Nobel laureate and mathematical genius whose struggle with mental illness was documented in the Oscar-winning film A Beautiful Mind, was killed in a car accident on Saturday. He was 86. The accident, which occurred when the taxi Nash was traveling in collided with another car on the New Jersey Turnpike, also claimed the life of his 82-year-old wife, Alicia. Neither of the two drivers involved in the accident sustained life-threatening injuries.
Born in West Virginia in 1928, Nash displayed an acuity for mathematics early in life, independently proving Fermat’s little theorem before graduating from high school. By the time he turned 30 in 1958, he was a bona fide academic celebrity. At Princeton, Nash published a 27-page thesis that upended the field of game theory and led to applications in economics, international politics, and evolutionary biology. His signature solution—known as a “Nash Equilibrium”—found that competition among two opponents is not necessarily governed by zero-sum logic. Two opponents can, for instance, each achieve their maximum objectives through cooperating with the other, or gain nothing at all by refusing to cooperate. This intuitive, deceptively simple understanding is now regarded as one of the most important social science ideas in the 20th century, and a testament to his almost singular intellectual gifts.
Why agriculture may someday take place in towers, not fields
A couple of Octobers ago, I found myself standing on a 5,000-acre cotton crop in the outskirts of Lubbock, Texas, shoulder-to-shoulder with a third-generation cotton farmer. He swept his arm across the flat, brown horizon of his field, which was at that moment being plowed by an industrial-sized picker—a toothy machine as tall as a house and operated by one man. The picker’s yields were being dropped into a giant pod to be delivered late that night to the local gin. And far beneath our feet, the Ogallala aquifer dwindled away at its frighteningly swift pace. When asked about this, the farmer spoke of reverse osmosis—the process of desalinating water—which he seemed to put his faith in, and which kept him unafraid of famine and permanent drought.
Every time you shrug, you don’t need to Google, then copy, then paste.
Updated, 2:20 p.m.
All hail ¯\_(ツ)_/¯.
In its 11 strokes, the symbol encapsulates what it’s like to be an individual on the Internet. With raised arms and a half-turned smile, it exudes the melancholia, the malaise, the acceptance, and (finally) the embrace of knowing that something’s wrong on the Internet and you can’t do anything about it.
As Kyle Chayka writes in a new history of the symbol at The Awl, the meaning of the “the shruggie” is always two, if not three- or four-, fold. ¯\_(ツ)_/¯ represents nihilism, “bemused resignation,” and “a Zen-like tool to accept the chaos of universe.” It is Sisyphus in unicode. I use it at least 10 times a day.
For a long time, however, I used it with some difficulty. Unlike better-known emoticons like :) or ;), ¯\_(ツ)_/¯ borrows characters from the Japanese syllabary called katakana. That makes it a kaomoji, a Japanese emoticon; it also makes it, on Western alphabetical keyboards at least, very hard to type. But then I found a solution, and it saves me having to google “smiley sideways shrug” every time I want to quickly rail at the world’s inherent lack of meaning.