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Job creation by small businesses can be restricted when larger, more productive firms displace them. For example, the share of customer deposits held by the top 10 largest U.S. banks rose from 15% in 1993, to 44% in 2006, and to 49% by 2009. The number of commercial banks fell from over 14,000 in 1984 to approximately 7,000 by 2010. [56]
Why Retirement Isn't Happening. While according to the Bureau of Labor Statistics, people age 70 and older made up only 5.8% of the labor force in 2023, that could change soon.In a poll this July ...
The quality and relevance of education is often considered to be the root cause of youth unemployment. [10] In 2010, 25 out of 27 developed countries stated the highest unemployment rates were among people with primary education or less. [11] Yet, high education did not guarantee or even promise a decent job.
Hence they frequently receive harassment from people, sometimes irrespective of whether they made the choice to leave work behind or not. In Nazi Germany the so-called, "work-shy" individuals were rounded up and imprisoned in Nazi concentration camps as black triangle prisoners in the so-called "Aktion Arbeitsscheu Reich". [30] [31]
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Men Without Work: America's Invisible Crisis is a 2016 book by the American political economist Nicholas Eberstadt discussing the phenomenon of American men in their prime leaving the workforce. Statistically, the labor force involvement for men twenty and older fell from 86% to 68% between 1948 and 2015. [ 1 ]
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