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11/10/22 NEC Webinar: ‘America’s Work Crisis Enters A New Phase’ with Nicholas Eberstadt, American Enterprise Institute (AEI)
November 10, 2022 @ 12:00 pm – 1:00 pm
‘America’s Work Crisis Enters A New Phase’ with Nicholas Eberstadt, Henry Wendt Chair in Political Economy, American Enterprise Institute (AEI)
Date: Thursday, November 10
Time: 12pm to 1pm EST
For two generations work rates for prime age men (25-54) have been heading ominously downward. Despite today’s historically low unemployment, work rates for men are currently at Depression-era levels. The collapse of work for men is due to a relentless exodus from the labor force. For every prime age man who was jobless but seeking employment there were three who were neither working nor looking for work in 2019, on the eve of the pandemic. The situation is even worse today. Now we face an unprecedented peacetime labor shortage, with 11 million unfilled jobs, even as millions of former workers sit stubbornly on the sidelines of the economy. And there seems to be a new face to the “flight from work”, with older workers (55+) and younger women also joining the post-pandemic exodus. These and other findings from Nicholas Eberstadt’s new book Men Without Work: Post-Pandemic Edition (2022) will be discussed in this lecture.
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About our speaker:
Nicholas Eberstadt holds the Henry Wendt Chair in Political Economy at the American Enterprise Institute (AEI), where he researches and writes extensively on demographics and economic development generally, and more specifically on international security in the Korean peninsula and Asia. Domestically, he focuses on poverty and social well-being. Dr. Eberstadt is also a senior adviser to the National Bureau of Asian Research (NBR).
In 2012, Mr. Eberstadt was awarded the prestigious Bradley Prize.