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.
You may have a few questions in the back of your mind. If they are not working, where do these young, low-skilled men live? Our basements! According to recent data, 51 percent of lower-skilled men in their 20s live with a parent or close relative. That number was only 35 percent in 2000. In 2014, 70 percent of lower-skilled men in their 20s without a job lived with a parent or close relative.
If they are not working, how do these young men eat? We—the parents and relatives—feed them.