The American working man slowly fades away – 08/29/11

For Your Information (FYI)……..This is not a surprise! :+(

http://www.msnbc.msn.com/id/44288256/ns/business-us_business/
http://www.businessweek.com/magazine/content/11_16/b4224007222337.htm?campaign_id=msnbc

“Employers are increasingly giving up on the American man.

If that sounds bleak, it’s because it is. The portion of men who work and their median wages have been eroding since the early 1970s.”

 

“Men who do have jobs are getting paid less. After accounting for inflation, median wages for men between 30 and 50 dropped 27 percent — to $33,000 a year — from 1969 to 2009.”

 

“After a long decline in men’s work opportunities, the recession worsened things with a sharp drop in male employment. Unemployed men are now more likely than women to be among the long-term jobless.”

 

” Corporations have cut costs by moving manufacturing jobs, routine computer programming, and even simple legal work out of the country. The production jobs that remain are increasingly mechanized and demand higher skills. Technology and efforts to reduce the number of layers within corporations are leaving fewer middle-management jobs.”

 

” The impact has been greatest on moderately skilled men, especially those without a college education, though even men with bachelor’s degrees from less selective schools are beginning to see their position erode. “There’s really been this polarization in the middle,” Katz says, as men at the top of the education and income scale see their earnings rise while those in the middle gravitate downward.”

 

“Men without jobs are more likely to commit crimes and go to prison. They are less likely to wed, more likely to divorce, and more likely to father a child out of wedlock. Ironically, unemployed men tend to do even less housework than men with jobs and often retreat from family life, says W. Bradford Wilcox, director of the National Marriage Project at the University of Virginia. ”

 

“It’s noteworthy but not especially comforting to know that this is not just an American problem. The same gender differences in college attendance and employment are emerging in rich societies around the world.”

 

“Since 1970, the fraction of 25- to 60-year-old men on disability has more than doubled, from 2.4 percent to 5 percent. Once they begin receiving disability payments, few return to work.”

 

“If there is any upside to recessions, it’s that they tend to expose deep problems that go ignored or at least overlooked in better times.”

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