Monday, July 31, 2006

The greatest generation of slackers

From the NYT - “Men not working, and not wanting just any job

About 13 percent of American men in this age group [between 30 and 55] are not working, up from 5 percent in the late 1960’s. The difference represents 4 million men who would be working today if the employment rate had remained where it was in the 1950’s and 60’s.
Question: How do they do it?

But the fastest growing source of help is a patchwork system of government support, the main one being federal disability insurance, which is financed by Social Security payroll taxes. The disability stipends range up to $1,000 a month and, after the first two years, Medicare kicks in, giving access to health insurance that for many missing men no longer comes with the low-wage jobs available to them.
Answer: Free money!


JorgXMcKie said...

I'm pretty sure I could qualify for SS disability if I were to seek it. Somehow, it doesn't seem like that much fun.

Anonymous said...

Aha, so whenever the statistically-cleansed unemployment rate goes down, it's an achievement for Bush and his $300 checks. But when it goes up, as it has been doing for most of 2006, it's lazy baby boomers.

"Good news ours, bad news yours." A very neat system of blame and reward!