A disaster is looming for American men

Lawrence Summers

On the basis of these factors, I expect that more than one-third of all men between 25 and 54 will be out work at mid-century. Very likely more than half of men will experience a year of non-work at least one year out of every five. This would be in the range of the rate of non-work for high school drop-outs and exceeds the rate of non-work for African Americans today.

Will we be able to support these people and a growing retired share of the population? What will this mean for the American family? For prevailing ethics of self-reliance? For alienation and support for toxic populism? These are vital questions. Even more vital is the question of what is to be done.