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.
Long after research contradicts common medical practices, patients continue to demand them and physicians continue to deliver. The result is an epidemic of unnecessary and unhelpful treatments.
First, listen to the story with the happy ending: At 61, the executive was in excellent health. His blood pressure was a bit high, but everything else looked good, and he exercised regularly. Then he had a scare. He went for a brisk post-lunch walk on a cool winter day, and his chest began to hurt. Back inside his office, he sat down, and the pain disappeared as quickly as it had come.
That night, he thought more about it: middle-aged man, high blood pressure, stressful job, chest discomfort. The next day, he went to a local emergency department. Doctors determined that the man had not suffered a heart attack and that the electrical activity of his heart was completely normal. All signs suggested that the executive had stable angina—chest pain that occurs when the heart muscle is getting less blood-borne oxygen than it needs, often because an artery is partially blocked.
Larry Taunton's new book says more about its author than about the man he claims as a friend.
Even Christopher Hitchens’s detractors would concede him two great qualities: honesty and bravery. Hitchens spoke the truth as he understood the truth, without regard to whom he might please and whom he might offend. What Hitchens wrote of his intellectual hero, George Orwell, was the epitaph he would have wished for himself:
By his determination to seek elusive but verifiable truth, he showed how much can be accomplished by an individual who unites the qualities of intellectual honesty and moral courage.
Yet this is the epitaph that a new book about Hitchens seeks to deny him. Larry Taunton is an evangelical publicist and promoter who became friendly with Hitchens during the writer’s final three years of life. Earlier this spring, Taunton published a new book that alleged that Hitchens was not as committed to his atheism as Hitchens publicly insisted—that, indeed, Hitchens had approached the verge of a Christian conversion.
Nearly half of Americans would have trouble finding $400 to pay for an emergency. I’m one of them.
Since 2013,the Federal Reserve Board has conducted a survey to “monitor the financial and economic status of American consumers.” Most of the data in the latest survey, frankly, are less than earth-shattering: 49 percent of part-time workers would prefer to work more hours at their current wage; 29 percent of Americans expect to earn a higher income in the coming year; 43 percent of homeowners who have owned their home for at least a year believe its value has increased. But the answer to one question was astonishing. The Fed asked respondents how they would pay for a $400 emergency. The answer: 47 percent of respondents said that either they would cover the expense by borrowing or selling something, or they would not be able to come up with the $400 at all. Four hundred dollars! Who knew?
A conversation with Nikole Hannah-Jones about race, education, and hypocrisy.
Public schools in gentrifying neighborhoods seem on the cusp of becoming truly diverse, as historically underserved neighborhoods fill up with younger, whiter families. But the schools remain stubbornly segregated. Nikole Hannah-Jones has chronicled this phenomenon around the country, and seen it firsthand in her neighborhood in Brooklyn.
“White communities want neighborhood schools if their neighborhood school is white,” she says. “If their neighborhood school is black, they want choice.” Charter schools and magnet schools spring up in place of neighborhood schools, where white students can be in the majority.
“We have a system where white people control the outcomes, and the outcome that most white Americans want is segregation,” she says.
Don't make a scene. Look the other way. Social discomfort has long been used to maintain the status quo.
“Young women say yes to sex they don’t actually want to have all of the time. Why? Because we condition young women to feel guilty if they change their mind.”
That was the writer Ella Dawson, in her essay reacting to “Cat Person,” the New Yorker short story that went viral, and indeed that is still going viral, this week. Kristen Roupenian’s work of fiction resonated among denizens of the nonfictional world in part because of its sex scene: one that explores, in rich and wincing detail, the complications of consent. Margot, a 20-year-old college student, goes on a date with Robert, a man several years her senior; alternately enchanted by him and repulsed by him, hopeful about him and disappointed, she ultimately sleeps with him. Not because she fully wants to, in the end, but because, in the dull heat of the moment, acquiescing is easier—less dramatic, less disruptive, less awkward—than saying no.
With late support from Senators Bob Corker and Marco Rubio on a package finalized Friday, the GOP is on the precipice of a major legislative victory next week.
Updated on December 15 at 6:14 p.m. ET
It’s all over except the voting.
Republican negotiators representing the House and Senate on Friday morning signed off on a final version of legislation that will, at a cost of up to $1.5 trillion, deliver a steep permanent tax cut to corporations and more modest, temporary reductions for individuals and families. In the last hours of tweaks, the GOP boosted a benefit for working families at the behest of Senator Marco Rubio of Florida, likely securing his vote and the support the party needs to pass the bill next week. And they flipped the one Republican senator who had voted no on the chamber’s original bill earlier this month, Bob Corker of Tennessee.
The House and Senate must each hold final votes on the tax plan next week, and given the GOP’s fractious and shaky majority, there’s always the potential for last-minute drama. But the conference-committee report signed on Friday won’t be subject to amendments, and negotiators evinced little worry that the landmark deal—which represents the largest changes to the tax code in more than 30 years—would fall through. House Majority Leader Kevin McCarthy announced the House would vote on Tuesday, with the Senate expected to send the plan to President Trump’s desk soon after.
Content moderators review the the dark side of the internet. They don’t escape unscathed.
Lurking inside every website or app that relies on “user-generated content”—so, Facebook, YouTube, Twitter, Instagram, Pinterest, among others—there is a hidden kind of labor, without which these sites would not be viable businesses. Content moderation was once generally a volunteer activity, something people took on because they were embedded in communities that they wanted to maintain.
But as social media grew up, so did moderation. It became what the University of California, Los Angeles, scholar Sarah T. Roberts calls, “commercial content moderation,” a form of paid labor that requires people to review posts—pictures, videos, text—very quickly and at scale.
Roberts has been studying the labor of content moderation for most of a decade, ever since she saw a newspaper clipping about a small company in the Midwest that took on outsourced moderation work.
The internet is as much the enemy as it is the hero of contemporary life.
Ajit Pai, the chairman of the Federal Communications Commission, opens a bag of Cheetos with his teeth, dumps them onto a hipster food-court lunch bowl, and slathers it in Sriracha sauce. He snaps a pic for social media.
It’s a scene from a video, “Seven Things You Can Still Do on the Internet After Net Neutrality,” shot by the conservative outlet The Daily Caller and published Wednesday, the day before the Federal Communications Commission voted to gut rules to treat internet traffic equally. Besides “’gramming your food,” Pai also assures The Daily Caller’s readers they will still be able to take selfies, binge watch Game of Thrones, cosplay as a Jedi, and do the Harlem shake.
Net-neutrality proponents have lambasted the video, and with good reason. A federal appointee charged for stewardship of public communications infrastructure comes off as insolent.
The first episode of the Streaming Wars is over. The rebels won. Now the empire strikes back.
Disney announced on Thursday that it would acquire most of the entertainment assets of 21st Century Fox for about $60 billion in stock and debt, in what would be the largest-ever merger of two showbiz companies. Already the most storied entertainment empire in the U.S., Disney would become a global colossus through this deal, gaining large stakes in the biggest entertainment companies in both Europe and India. The deal will almost certainly receive regulatory scrutiny, as the Justice Department has been lately dubious of mega media mergers.
The yuletide haul includes some of the most famous properties in television and film. In the transfer of power, Disney would receive the 20th Century Fox film studio, including the independent film maestros at Fox Searchlight (Best Picture Oscar–winners include: Slumdog Millionaire, 12 Years a Slave, and Birdman), the X-Men franchise, Fox’s television production company (worldwide hits include: The Simpsons, Modern Family, and Homeland), the FX and National Geographic cable channels, and regional sports networks, including the YES Network that broadcasts New York Yankees games. Disney also acquires a majority stake in the TV product Hulu, which it may use to kickstart its entry into the streaming wars.
A timeline of the events that led up to former National-Security Adviser Michael Flynn’s departure from the White House
Special Counsel Robert Mueller is authorized to broadly investigate Russian meddling in the 2016 presidential election, but recent reports suggest he’s focusing on a narrow period in the years-long saga.
NBC News reported on Monday that Mueller and his team are paying close attention to events between January 26, 2017, and February 13, 2017. That timespan stretches from the day Sally Yates, the acting attorney general at the time, notified the White House that then-National-Security Adviser Michael Flynn had made misleading statements to the FBI to Flynn’s resignation 18 days later.
Earlier this month, Flynn pleaded guilty to lying to the agency. Now, the question turns to who knew what—and when—about his false statements. If, hypothetically speaking, the president knew Flynn had committed a crime when he purportedly urged former FBI Director James Comey to drop the agency’s inquiry into Flynn on February 14, that could be used as evidence of intent when pursuing obstruction-of-justice charges. Below is an updated timeline to help contextualize this potentially crucial sequence of events in Trump’s early presidency.