FBXL Social

One thing that pisses me off about modern economics writers is they keep claiming unemployment is at all-time lows. This is absolutely false. In the past, you had a 5% unemployment rate with a 70% workforce participation rate. Today, you have a 5% unemployment rate with a 60% workforce participation rate. These two things are simply not the same!

Meanwhile, the labor force participation rate for men has dropped from 95% to 60%! That is pretty meaningful by itself.

In the 1950s, many of the people not looking for work were women who didn't need to look for work because they were supported by a husband. Today, many of the people not looking for work are able-bodied men who found ways to get paid by the state to sit at home surfing the internet or playing video games. I know a lot of men like that.

I'm not saying women shouldn't be allowed to do what they want, not that men should be forced to do something they don't want, but the current situation is a pathogen and it started before covid. That's just the latest thing.

I've got a hypothesis about that. I think that the birth rate going down and causing a shrinking population is going to cause an increase in the value of an individual as has happened many times throughout history. When that happens, individual wages will go up like they did during those times, and people will want to go out and have kids.

Ironically, if these guys really wanted us to be living in the pod and eating the boogs, the best way to do that would be to let people continue to breed. Masses of nameless faceless starving people are unlikely to be able to actually do anything.