Nick Eberstadt
Author
Description
This book examines the decreasement in work rate for American males aged twenty-five to fifty-four.
The stock market continues to set new records. Unemployment continues to go down. The United States is now at or near "full employment," at least according to received wisdom. But a closer look at economic data by Nicholas Eberstadt reveals something else entirely. While "unemployment" has gone down, the work participation rate, and especially the...
Author
Description
Eberstadt argues that the official poverty rate is incapable of accurately representing long-term trends for material want in modern America, and that standards of living for the official poverty population are far higher today than they were in 1964 or 1965, at the start of the War on Poverty.