According to the BLS, Male unemployment stands at 11.4%, a rate unseen since before America’s entry into WWII. Female unemployment, while higher than average, is almost 3% lower.
American men are increasingly disenfranchised, even as onerous burdens are placed upon them as husbands, fathers or even single men who are denied access to the wealth of programs available to women. Add to that the preponderance of females with degrees and in school, and the situation looks grim.
Some analysts predict that overall unemployment could hit 14%, which, given the current trend, would suggest a male unemployment rate approaching 20%:
Because a lot of PBI [private business investment] goes toward offsetting depreciation and increasing productivity, it takes a 5% year-over-year increase in PBI to produce a 1% increase in the number of jobs. Correspondingly, a 5% decrease in PBI will yield a 1% reduction in total employment.
The unemployment rate a year ago was 5.5%. Because the potential labor force is growing, we need employment to increase by 1% annually to keep the unemployment rate from going up. The 37.9% investment decline reported by the BEA [Bureau of Economic Analysis] can be expected to eventually produce a reduction in total employment of about 8.5%. Accordingly, we can expect unemployment to rise to about 14% within a year unless the downward slide of PBI is reversed.
Expect more men to lash out in desperation as their world crumbles around them, and they are faced with nothing more than punitive measures to keep them in line. Also, expect an increase in property crime and violence – particularly aimed at women – as prisoners begin to flow out of an overtaxed, expensive penal system.
The single woman lifestyle ought to get a lot more exciting! Have fun out there on your own, girls…
