Opinion | Anne Case and Angus Deaton: Capitalism is failing the white working class. And the results are deadly. - NBCNewsTHINK
many worrying trends for less educated whites. They have been reporting marked increases in pain, both physical and mental, as well as increased difficulties socializing and in carrying out the normal activities of life. Their marriage rates have fallen, while out-of-wedlock childbearing has increased dramatically.
Our calculations show that wages for men without college degrees are lower now than they were half a century ago. In good economic times, wages rise, but when the economy falters, wages resume their decline and never return to their previous peak. Employment follows the same pattern. The fraction of the population in work rises with the economy, then falls back as people lose their jobs, with each peak and trough lower than the previous ones.
When they lose their jobs, people look around for other work, and many find it, though often not in jobs as good as the ones they lost. Few corporations still hire their own cleaning staffs, food service workers, drivers or security people. Instead, they outsource
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