Young adults out of work
Posted: 07 September 2012 01:00 PM   [ Ignore ]
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The drop in the unemployment rate in August isn’t particularly good news for the economy—it’s driven mostly by nearly 400,000 people dropping out of the labor force, rather than more people finding jobs.

[...]

The drop is because so many young adults, aged 16 to 24, are no longer looking for work.

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“I don’t think they’re more lazy. It’s that there are less opportunities for them,” said Heidi Shierholz, labor economist, at the Economic Policy Institute, a liberal think tank.

Heidi Shierholz doesn’t think they are lazy, Charles Murray thinks they are lazy. How do we know who is right?

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Posted: 07 September 2012 05:12 PM   [ Ignore ]   [ # 1 ]
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Both are a little bit right, but mostly wrong.  After all, they’re “soft” scientists. LOL

Also, 16-24 doesn’t seem like a good demographic to put much stock into. 16-18 year old’s are still in high school, and if you are under 18 in America it’s illegal to work full time;  many 18-22 year old’s are in college, so that leaves the 23-24 crowd as the only real working cohort.

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Raise your glass if you’re wrong…. in all the right ways.

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