In the latest employment report, we learned that the economy only added 194,000 jobs last month, the lowest number in a year.
But why?
After all, there are plenty of jobs available—and many of the incentives not to work, such as extended benefits associated with Covid relief—ended in September. Economists expected far more people to go to work once they were kicked off the dole.
They turned out to be wrong, because economics isn’t just about incentives, it’s also about culture, and we have undergone a cultural revolution, one in which idleness is no longer stigmatized.
For most of the history of this country, the able-bodied who were unwilling to take available jobs were not respected. Of course, some people couldn’t find work, and no one faulted them for that. But to be young and able and simply not work was unheard of.
Now, that has changed—and there’s not a simple government fix.
But: We can start by working … and teaching our young people the dignity of work.
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