Comment on LARRY SUMMERS: A third of men aged 25-54 will be out of work by 2050

LARRY SUMMERS: A third of men aged 25-54 will be out of work by 2050

Here’s a sobering thought. Former US Treasury Secretary Larry Summers says the unrelenting rise in the proportion of men without work since the 1970s will continue and by 2050 he estimates that around one-third of all men in the United States will be without work. Writing on his blog, Summers says jobs are being destroyed by technology and have been for decades. “Job destruction caused by technology is not a futuristic concern.

 

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