This post is also available in: German
The ol’ Open-borders-for-thee-but-gated-academia-for-me blogger-cum-economist has taken a stab at trying to explain why one-fifth of all prime working age men are unemployed. Other than the obvious market factors (helllooooo cheap, displacing, low human capital labor and negative externalities!), I’ve already outlined in this post why this recession is structurally different than past recessions, and the reasons for the decline in male labor market participation. Quote:
Prediction: As women’s financial status rises to levels at or above the available men in their social sphere, they will have great difficulty finding an acceptable long-term partner. The men, for their part, will turn away from emphasizing their ability to provide as they discover their mediocre-paying corporate jobs are no longer effective displays of mating value. They will instead emphasize the skills of “personality dominance”.
That post is now more than three years old. And its prediction has come true. All hail the Chateau, for here truth resideth, and the liars and dissemblers hang by their entrails from crosses made of fiat money.
Polite, liberal society seriously underestimates the impact the Pill, abortion and women’s financial independence has had on the labor market and employment levels. Incentives do matter, and in a world where women can pretty much support themselves and have sex free of the consequences of pregnancy, men as provider betas have become more expendable. A man cannot get the traction with women he once could get by simply going to an office from 9 to 5.
What I call the Four Sirens of the Sexual Apocalypse has changed the rules of the dating market since its advent in the early 1960s. Men have either had to adapt to continue getting young hot tight pussy, or they have had to drop out, and society has enabled their dropping out with the convenient narcotics of video games and wide screen TVs, (and soon to be sexbots). Invasion of tens of millions of peasant laborers has contributed to the labor market malaise by sapping the native men of their will to compete for stagnant or dropping wages.
Yet, a bright spot exists. For those who won’t settle for less than success (and success for men is predominantly a function of how well they do with women, either directly or indirectly through the acquisition of power), game — i.e. studied charisma — has rushed in to fill the void.
Any economist whose head is stuck in a cycle of mumbling about aggregate demand is simply not seeing the forest for the trees. Widen your scope to include the id monster that supercharges human nature and behavior and you will begin to fathom consilience. Until then…
enjoy your exotic restaurant guides.