NUMBER OF YOUNG MEN NOT WORKING HAS DOUBLED IN 15 YEARS
Young men are working less and playing video games more, according to a National Bureau of Economic Research study published Monday.
Men ages 21 to 30 years old worked 12 percent fewer hours in 2015 than they did in 2000, the economists found. Around 15 percent of young men worked zero weeks in 2015, a rate nearly double that of 2000.
Since 2004, young men have increasingly allocated more of their free time to playing video games and other computer-related activities, according to the study. Thirty-five percent of young men are living at home with their parents or a close relative, up 12 percent since 2000.
The results of the economists’ research are interesting, considering there are 10 million American men ages 24 to 64 that have completely dropped out of the workforce. The U.S. Bureau of Labor Statistics reported in June that there were nearly 6 million jobs waiting to be filled. The U.S. job market has consistently posted gains around or above 200,000 new jobs per month in 2017.
The results of Monday’s study could suggest that, instead of actively seeking work in an economy with millions of open jobs, young men are choosing to stay at home and play video games.
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When Levi Hall first saw the advertisement for a 12-week technology training programme that offered a stipend to students with only a high-school qualification and helped place them with a decently paid full-time job at the end of course, he thought it was a scam.
“They are going to teach you, pay you, give you a credential and then help you get a job? I thought for sure this is too good to be true,” says the 25-year-old, who was working in a minimum wage clerical job in Florida when he applied for the course. “When I filled out the application, just to be safe, I didn’t put in my real social security number.”
Several of the other young participants and graduates of the programme, run by consulting firm McKinsey at a training centre on the campus of Florida State College in Jacksonville, laugh knowingly. Like Mr Hall, they all graduated from high school. usa u.s. “united states” men generation “next generation” economy economic study 2017 work job employment “young men” lost “free time” “video game” “spare time” “work from home” life lifestyle “live with parents” age “part time job” “full time job” “summer job” “winter job” season “winter 2017” “work overseas” “work abroad” home wage salary bills savings mortgage loan debt But thanks to challenges such as an inability to pay for or complete a four-year college degree, secondary education that did not yield any marketable skills or personal problems such as single parenthood or a run-in with the law, they belonged to the growing group of unemployed or underemployed US workers. Nearly one in six American workers fits that description.
Yet as participants in McKinsey’s “Generation” scheme, which brings together employers and educators to train workers for jobs in high-growth areas like technology, healthcare and customer service, they all have full-time jobs, many of them at top national and regional companies. Nearly 1,000 others have gone through the US programme, adding to the 12,000 graduates globally.