Political analyst Ron Brownstein has a new essay in National Journal about the “upside down” employment situation in the US, with more older people staying in their jobs out of necessity or choice and fewer younger people able to get started on the job ladder. I picked this up from realclearpolitics.com. Read Brownstein’s commentary here.
Instead, what economists call the idleness rate is rising: The share of Americans younger than 24 neither at work nor in school has steadily increased since 2007. That disconnection creates the risk of what Harvard University labor economist Lawrence Katz calls “a lost generation.”