Princeton professor and former Obama White House economist Alan Krueger would like for you to know that low labor force participation rates likely have nothing to do with Obama's awful "jobs recovery", stagnant real wages or soaring entitlements that provide massive disincentives to work. Rather, his "thorough research" indicates that men are more likely dropping out of the labor force due to excessive back pain and/or because video gaming technology has become so amazing that young adults are just choosing to stay home instead. Sadly, this is a true story.
According to The Washington Examiner, Krueger's "research" indicated that 47% of men, between the ages of 25 and 54, reported taking pain medication during the previous day. Of those men, 40% said their pain prevented them from working. To summarize, the awful labor market under Obama has nothing to do with his failed economic policies...it's pure coincidence that as soon as Obama took office a massive percent of the overall working-age male population came down with severe back pain. That seems reasonable.
No comments:
Post a Comment