Authored by Mike Shedlock via MishTalk.com,
President Trump, like President Obama before him, point out the low unemployment rate as a measure of success.
What they don’t point out are masses of people on welfare via fraudulent disabilities, people in school wasting money in dead-end retraining exercises, people who have simply given up looking for a job, and people in forced retirement needing Social Security payments to survive.
A team of researchers from Princeton, the University of Chicago, and the University of Rochester discusses another class of individuals who are not working but are not counted as unemployed: People, primarily young men who are addicted to games. For such individuals, games provide a fantasy world that is far more enjoyable than the real world.
Please consider their report on Leisure Luxuries and the Labor Supply of Young Men.
Continue reading “Another Reason Men Don’t Work: Imaginary World More Enjoyable Than The Real World”
