The workforce is missing 5M men
Nearly 5 million working-age men are "missing" from the workforce, reports Bloomberg. While the employment rate for men ages 25 to 54 is almost back to where it was before the pandemic — about 86% of this cohort have jobs — it’s still some 7 percentage points below where it was in 1950s and ’60s. Experts say those men are “missing” from the labor force for several reasons, ranging from reduced job opportunities for the less educated to the effect of the opioid epidemic and the improvement of video games.
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Back in the 1950's and 1960's: 1. Many jobs that existed then do not even exist now; 2. Many jobs that exist now didn't exist then; 3. Gender and racial exclusion from TONS of educational (law school, med school, etc.) opportunities AND jobs was legal (so the measure of male employment from that time period should control for #3). In short, the talent pool for roles has expanded as equal rights expanded. 4. The criticism that video games isn't a "real job" is very old school. The video game industry is making oodles of $$$$. There are many more ways to make legal money than the 1950's/1960's; 5. The definition of "job" includes freelance work, contract work, part-time work, full-time work, seasonal work, etc. It's much broader than 60+ years ago. 6. The primary creators and audience for video games (playing/developing/recording, etc.), are MEN. This article appears to deem them as not having "real jobs." Okayyy.