She Works Hard For The Money! More Men Are Exiting The Workforce As More Women Enter
A new study found an interesting trend–more men are leaving the workforce than ever before. The percentage of men in the labor force is declining, reports Inc.
According to a new Pew Research Center reports there has been a steady dwindling in male participation in the workforce since the 1950s. Examining two recent analyses of census data, Pew also discovered some potential triggers behind the trend.
Economists Stefania Albanesi and Aysegul Sahin — of the Federal Reserve Bank of New York — found that the workforce gender gap has closed to about 12 percentage points. Male participation rates in the workforce fell from 80 percent in 1970 to 70.2 percent in 2012, according to their research. By contrast, over that same period, female rates of participation jumped from 43 percent to 57.7 percent.
“Women have become less likely to leave employment for nonparticipation–a sign of increased labor force attachment–while men have become more likely to leave the labor force from unemployment and less likely to re-enter the labor force once they leave it–a sign of decreased labor force attachment,” Albanesi and Sahin wrote in a working paper.
A growing number of men either opting out of, or incapable of entering the labor force because of a number of other reasons say researchers in another study by MIT: not acquiring the necessary job skills, diminishing authority of unions, globalization, technological change and changes in family structure.
Is this a trend you’re seeing? Tell us about it in the comments.