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☆ Young men aren't working as much as they used to — and they have less financial freedom than previous generations
  + stars: | 2023-06-03 | by ( Jacob Zinkula | Jason Lalljee | ) www.businessinsider.com   time to read: +5 min
25-year-olds were less likely to be working full-time in 2021 than previous generations. That's driven by men working less than they did four decades ago. 66% of 25-year-olds in 2021 were working full-time, down from 73% of 25-year-olds in 1980. Four decades ago, 85% of 25-year-old men were working full-time. 61% of 25-year-old women were working full-time in 2021 — in line with the 61% that did so in 1980.
Persons: —, there's, grads, Jason Schenker Organizations: Service, Privacy, Pew, Survey, Boston Fed, National Bureau of Economic Research, Prestige Economics
☆ High-earning, workaholic men are cutting their work hours the most right now
  + stars: | 2023-04-06 | by ( Jason Lalljee | ) www.businessinsider.com   time to read: +6 min
Men who used to work the most cut their work weeks by three hours on average since 2020. At a conference last week, Yongseok Shin, a Washington University in St. Louis professor who worked on the study, said those groups are educated young men, high-earning men, and men who previously worked the most hours. It contrasts with another important trend for young men in the workforce: even though educated, highly paid men are working fewer hours, they're still working. Having access to remote and hybrid work opportunities likely convinced men making more money that they didn't need to work so hard, Shin said. Men who previously worked 55-hour weeks are paring backIn the NBER study, Shin said, men in the "top hours decile" reduced their hours from 55 hours per week in 2019 to 52 in 2022.
☆ Men without college degrees are dropping out of the workforce because they viewed their dead-end jobs as a threat to social status
  + stars: | 2022-12-11 | by ( Jason Lalljee | ) www.businessinsider.com   time to read: +5 min
Working-age men without degrees are exiting the workforce because it isn't helping their social status. For these men, jobs aren't just a source of income; they're a source of social status. That's especially true for white men, Wu writes, and younger men, who see a job with limited pay growth — which they believe could affect their marriage prospects and social status — as worse than no job. Why men without college degrees are leaving the workforce to save their social status, and what they can do insteadWu said marriage market anxiety for younger male workers is likely the prime reason for leaving the workforce when their social status declines. Studies show that stress and low-self-esteem linked to lower social status contribute to worse health and early death.
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