Nicholas Eberstadt, From one perspective, things are looking pretty good in America today. The stock market — and U.S. personal wealth holdings — are at or near their all-time highs, and unemployment rates are back down to 5% or less—well below the postwar average, and purportedly even near “full employment,” according to widely received wisdom.
The Federalist Staff, Nicholas Eberstadt, scholar in political economy at AEI, joined The Federalist Radio Hour to discuss his new book, “Men Without Work: America’s Invisible Crisis,” and the cultural and economic shifts that have led to a decline in the U.S. labor force. Eberstadt’s research examines the flight from work and the rise of
George Will Critics of Rep. Paul Ryan’s remarks about cultural factors in the persistence of poverty are simultaneously shrill and boring. Their predictable minuet of synthetic indignation demonstrates how little liberals have learned about poverty or changed their rhetorical repertoire in the last 49 years. Ryan spoke of a “tailspin of culture, in our inner cities in