"Why Employers Are Overlooking Young American Men"

TL;DR Summary
The decline in employment among young men in America may be partly due to the unemployment-insurance system's "experience rating," which increases taxes for employers who lay off workers. This system makes employers hesitant to hire young men, who are often seen as riskier hires. The experience rating was implemented nationwide in the mid-1980s and has been linked to higher unemployment rates for young men, particularly in economically vulnerable industries. Addressing this issue may require policy changes to the unemployment insurance system.
Topics:business#employment#employment-rates#experience-rating#unemployment#unemployment-insurance#young-men
The Real Reason Employers Are Refusing to Hire America's Young Men Business Insider
Reading Insights
Total Reads
0
Unique Readers
2
Time Saved
5 min
vs 6 min read
Condensed
93%
1,145 → 81 words
Want the full story? Read the original article
Read on Business Insider