I can’t believe I missed this.
It’s the story of Marienthal Austria.
Marienthal was a town in Austria that thrived thanks to a single employer. When the flax mill went out of business in 1932, Marienthal’s population became mostly unemployed.
Thanks to Austria’s liberal unemployment programs that replaced up to 90 percent of income, no one in Marienthal plunged into economic poverty as a result of the mill’s closing. But spiritual poverty was another story.
Read more →David Brooks—the former conservative—skewered the University of Missouri St. Louis yesterday. Brooks wasn’t aware, and UMSL administrators don’t read. But some of us caught it.
Brooks wrote of _The Missing Fifth._ **Did you know that 20 percent of American men in their primes don’t work? **
Americans should be especially alert to signs that the country is becoming less vital and industrious. One of those signs comes to us from the labor market.
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