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A growing number of men in their prime working years are opting out of the U.S. labor force, and it’s causing concern among economists.
As of August 2024, approximately 10.5% of men aged 25-54 (about 6.8 million individuals), are neither employed nor seeking employment, according to recent data from the U.S. Bureau of Labor Statistics.
The 10.5% is more than three times the percentage recorded in 1955 — when only 3% of men were in similar positions, according to Business Insider.
CNBC reports that education level is a major factor in understanding this workforce trend. Men without a college education are reportedly more likely to leave the labor force than college-educated men.
This educational gap is only worsened by cooling labor market and broader economic trends, where more employers are becoming increasingly reluctant to take on new employees in high-paying jobs.
Carol Graham, a senior fellow at the Brookings Institution, notes that many working men who would previously secure stable jobs with just a high school education now find fewer opportunities available to them.
Technological advancements and global competition have also dramatically reduced the number of manufacturing jobs available in the U.S., which have historically been a larger employer of men in their prime working years.
Experts say the societal and economic ramifications of having a significant portion of prime-age men not participating in the workforce could include lower economic productivity, increased dependency on social support systems, and increase social stresses across the country.
As automation and technological advancements continue to influence work in many sectors, the demand for higher-skilled labor will likely increase in the coming years — leaving those without advanced education or specialized training at a greater disadvantage in the job market.
These employment trends could pile onto existing workforce inequalities. Addressing this issue may require policy interventions, such as expanding access to education and vocational training, to better equip workers for the job market and reduce long-term economic strain.
