NC State Ag Economist Dr. Mike Walden – “Substituting Play for Work”

Mary:  I’m Mary Walden, with economist MW, welcoming you to the economic perspective.  Today’s program looks at substituting play for work.  Mike, one of the concerns facing the country today is the apparent lack of work for many young adults, especially male.  Please summarize the trends and the possible reasons behind them.

Mike: Summary Answer

  1. Beginning with the Great Recession ten years ago, saw a new pattern in the working hours of young men, aged 21-30, emerge
  2. Prior to that time, work hours of young men were very similar to work hours of older men
  3. Of course, would rise during economic expansion and fall during recessions
  4. But after the Great Recession, work hours of young men haven’t recovered like work hours of older men
  5. As a result, young men are spending more time in idleness – or more broadly, leisure
  6. What are doing – new study indicates 60% of their new leisure time is spent playing video games
  7. One reason – they are now cheaper and more readily available
  8. I’m MW
  9. Mary:  And I’m Mary Walden for N C State Extension