What Does "Since Now Long Idle People Mean"? This phrase refers to a situation where individuals have been unemployed or underemployed for an extended period, often leading to long-term unemployment. It signifies a significant challenge in the labor market, where people are unable to find work despite actively seeking employment.

The phenomenon of long-term idleness among people in the United States is a multifaceted issue with profound economic implications. Several factors contribute to this situation, including technological advancements, globalization, and economic downturns. According to the U.S. Bureau of Labor Statistics, as of February 2023, the number of long-term unemployed individuals (those jobless for 27 weeks or more) accounted for approximately 21.2% of the total unemployed population. This figure highlights the severity of the problem.

Technological advancements have automated many tasks that were previously performed by humans, leading to job displacement in various sectors. Automation has increased productivity but has also reduced the demand for low-skilled labor. The rise of globalization has further intensified competition for jobs, as companies seek to outsource work to countries with lower labor costs. These factors have contributed to a growing number of people who are long-term idle.

Economic downturns, such as the Great Recession of 2007-2009, have also played a significant role in increasing long-term unemployment. During such periods, businesses may reduce their workforce, and job seekers may find it challenging to secure new employment. The lingering effects of these downturns can lead to prolonged periods of unemployment.

The long-term idleness of people has several negative economic consequences. Firstly, it leads to a loss of human capital, as individuals may become less skilled and adaptable over time. This can make it even more difficult for them to find employment in the future. Secondly, long-term unemployment can lead to increased poverty and social welfare costs, as idle individuals may rely on government assistance programs. Lastly, it can also lead to decreased consumer spending, as individuals with limited income have less disposable income to spend on goods and services.

In conclusion, "Since Now Long Idle People Mean" refers to a significant challenge in the U.S. labor market, where individuals are unable to find work for extended periods. This situation is driven by technological advancements, globalization, and economic downturns, and has profound economic implications, including the loss of human capital, increased poverty, and decreased consumer spending. Addressing this issue requires a comprehensive approach that includes investment in education and training, support for job creation, and policies to mitigate the negative effects of globalization and automation.