[lbo-talk] Dropping out in middle age ...

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Mon Jul 31 18:49:47 PDT 2006


July 31, 2006 Men Not Working, and Not Wanting Just Any Job By LOUIS UCHITELLE and DAVID LEONHARDT

ROCK FALLS, Ill. - Alan Beggerow has stopped looking for work. Laid off as a steelworker at 48, he taught math for a while at a community college. But when that ended, he could not find a job that, in his view, was neither demeaning nor underpaid.

So instead of heading to work, Mr. Beggerow, now 53, fills his days with diversions: playing the piano, reading histories and biographies, writing unpublished Western potboilers in the Louis L'Amour style - all activities once relegated to spare time. He often stays up late and sleeps until 11 a.m.

"I have come to realize that my free time is worth a lot to me," he said. To make ends meet, he has tapped the equity in his home through a $30,000 second mortgage, and he is drawing down the family's savings, at the rate of $7,500 a year. About $60,000 is left. His wife's income helps them scrape by. "If things really get tight," Mr. Beggerow said, "I might have to take a low-wage job, but I don't want to do that."

Millions of men like Mr. Beggerow - men in the prime of their lives, between 30 and 55 - have dropped out of regular work. They are turning down jobs they think beneath them or are unable to find work for which they are qualified, even as an expanding economy offers opportunities to work.

About 13 percent of American men in this age group are not working, up from 5 percent in the late 1960's. The difference represents 4 million men who would be working today if the employment rate had remained where it was in the 1950's and 60's.

Most of these missing men are, like Mr. Beggerow, former blue-collar workers with no more than a high school education. But their ranks are growing at all education and income levels. Refugees of failed Internet businesses have spent years out of work during their 30's, while former managers in their late 40's are trying to stretch severance packages and savings all the way to retirement.

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http://www.nytimes.com/2006/07/31/business/31men.html



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