Four out of ten white working-class men have given up looking for work, says a study by the Economistmagazine, which normally champions unrestricted trade and migration.
That has a huge impact on American society because these non-college, working-age white men comprise 23 percent of male workers in the United States, and they are hit hard by unrestricted trade, cheap-labor immigration, and government-aided spread of opioid painkillers.
The Economist shows the national unemployment rate was 4.7 percent at the end of 2016. But the formal unemployment rate is 6.4 percent among white, working-class men. That’s “a difference of 30 percent,” according to the Economist.