Interesting:
Chicago economist Erik Hurst on the increase in leisure
time among young adult males –
“The following may
be the most shocking number I give you today: in 2015, 22 percent of
lower-skilled men aged 21–30 had not worked at all during the prior 12 months.
Think about that for a second. Every time I see it, that number blows my mind.
In 2000, the fraction of young, lower-skilled men that didn’t work at all
during the prior year was a little under 10 percent. Men in their 20s
historically are a group with a strong attachment to the labor force. The
decline in employment rates for low-skilled men in their 20s was larger than it
was for all other sex, age, and skill groups during this same time period.”
Related:
http://www.theatlantic.com/business/archive/2016/09/the-free-time-paradox-in-america/499826/