
Why have so many American men given up on work?
CBSN
Many men in the U.S. leave the labor force when their earnings decline compared with their better-paid peers, new research shows. The study found that more men drop out when when workers' relative earnings fall.
The findings, from the Federal Reserve of Boston, help explain a trend economists have been puzzling over for decades: Why so many men have given up on the idea of holding down a job. Roughly one in nine men ages 25 to 54, an individual's prime working years, are out of the labor market today; that compared to one in 50 in the mid-1950s.
The trend has been driven chiefly by working-age men without college degrees who are exiting the labor force at higher rates, according to the study. Since 1980, workers without a four-year college degree have seen their earnings steadily erode relative to their college-educated peers, the findings show.

Americans are continually encouraged to sock away money in a 401(k) or other retirement plan to ensure a comfortable, if not cushy, life in their later years. Yet about half of all U.S. workers in the private sector lack access to an employer-sponsored retirement plan, a huge obstacle in building enough wealth to retire, a recent study finds.

Washington — Kilmar Abrego Garcia, a Salvadoran man who was mistakenly deported back to his home country and then returned to the U.S. for federal prosecution, may remain in federal custody, after his lawyers and prosecutors sparred over whether he would be deported immediately upon his release while awaiting a criminal trial.