Over the past few decades, labor force participation has sharply dropped for men ages 20-34. Theories about the root cause range from indolence, to a lack of skills and training, to offshoring, to (perhaps most interestingly) the increasing attractiveness and availability of leisure and media entertainment. In this essay, we propose that the drop in labor participation rate of young men is a result of a combination of factors: (i) a decrease in cost of access to media entertainment leisure, (ii) increases in both the availability and (iii) quality media entertainment leisure, and (iv) a decrease in the marginal signalling utility of (conspicuous) consumption goods for all but the highest earners.
Analyses of the genre preferences of over 3,000 individuals revealed a remarkably clear factor structure. Using multiple samples, methods, and geographic regions, data converged to reveal five entertainment-preference dimensions: Communal, Aesthetic, Dark, Thrilling, and Cerebral.
- Engineering part 1: station construction methods
- Engineering part 2: mezzanines
- Management part 1: procurement
- Management part 2: conflict resolution
- Management part 3: project management
- Management part 4: agency turf battles
- Institutions part 1: political lading with irrelevant priorities
- Institutions part 2: political incentives
- Institutions part 3: global incuriosity
And when it comes to journalism, committed capitalists are always better materialists than the liberals. And that’s why I read FT. Sure, they’re rooting for the other team, but at least they know the game.
We check in with people at each stage of the cash transfer process to see how things are going. Take a look at some of their stories as they appear here in real-time.