U.S. hits record 105.8 MILLION people who are "not in the labor force," and many are "prime-age" workers on disability

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I'm sure this is fine. 😭

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According to fresh data from the Federal Reserve Bank of St. Louis, the number of Americans aged 16 and older who are "not in the labor force" (that's the fancy government term for not working and not even looking) just hit a staggering 105.8 million in June.

That's not a typo.

This smashes records from the Great Recession and the COVID era.

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Yup, 832,000 folks decided June was the best time to ditch the labor force and become bums.

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Baby Boomers retiring in droves make up a huge chunk — about half the total.

(This is why our entire economy is currently dependent upon recreational goods and healthcare.)

Students, the disabled, and caregivers fill out a lot more.

But economists are pointing out the uncomfortable part the corporate media is ignoring: A massive flight from work among prime-age men.

Here's labor economist Nicholas Eberstadt, via the NYP:

'We've got a big problem…with the flight from work of prime-age men. And what's been carrying the overall prime-age labor force participation has been the strong involvement of women, not men,' said Eberstadt, who holds the Henry Wendt Chair in Political Economy at the American Enterprise Institute ...

'Very roughly speaking, there are about 7 million of these men who are out of the labor force for the 25-to 54-year-olds,' said Eberstadt, whose 2016 book, 'Men Without Work,' discussed the phenomenon of American men in their prime leaving the workforce.

Yeah, that's not a good sign, especially when there are still many men who are trying to find jobs but can't (94% of all new jobs last year went to women).

Eberstadt says that half that number of women, or 3.5 million, are out of work and not looking.

He puts America's growing non-working population down to a sprawling, disconnected archipelago of disability programs, which he argues offer many "blind spots."

'The extent and the sprawl of participation or dependence upon different disability programs is a blind spot,' he said. 'There's no office in Washington, DC, big as it is, that can tell you how many Americans are receiving benefits from which disability programs and how many in collectivity and how many are receiving from multiple disability programs.'

Well, color me surprised!

Alright, cue the liberals with their universal basic income nonsense.

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