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September 12, 2021

Male jobs lost to the recession will never return: author

The defining attitude to the recession has been, “Okay, that stunk, but it’ll all come back. Things will rebound.”

In many ways, they have. Most everything we lost to the downturn, be it consumer confidence or stock portfolio performance, has returned, if not in whole then in part.

Jobs, too, have come back, but not for everyone. Men, hit hardest by the recession, have found a tougher time returning to work than women in Canada.

“Things will rebound?” According to one author, employment for men will never, ever return to the way it was.

Certainly, the effects of the “Mancession” or “He-cession” or whatever you’d like to call it are well-documented, especially in Canada.

But according to Hanna Rosin, author of the new book The End of Men: And the Rise of Women, the recession didn’t just wipe out male jobs temporarily, it accelerated a global trend that was already on its way.

*Bing: Why do men earn more money than women?

Traditionally, many men work in macho jobs, of course: construction, on factory lines and otherwise.

But the movement from a manufacturing economy to a knowledge-based one, at least in North America and continents with other developed countries, is going to ensure many of those eliminated male-heavy jobs don’t come back. Ever.

“In the Great Recession, three-quarters of the 7.5 million jobs were lost by men,” Rosin writes. “Some of these jobs have come back, but the dislocation is neither random nor temporary. The recession merely revealed – and accelerated – a profound economic shift that has been going on for at least 30 years, and in some respects longer.”

Thirty years, we’re not sure about, but we can at least see part of Rosin’s thesis at work here in Canada.

According to the latest Stats Canada release, men are employed at a far lesser rate than women; as of last month, the female (25 years and older) unemployment rate came in at 5.6 per cent, while the same unemployment rate for men stands much higher at 6.3 per cent.

By Jason Buckland, MSN Money



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Gordon PowersGordon Powers

A long-time fund company executive, Gordon Powers now heads up the Affinity Group, a financial services consulting firm. Gordon was a personal finance columnist for the Globe & Mail for many years, has taught retirement planning...

Jason BucklandJason Buckland

The modern-day MC Hammer of money, Jason can often be seen spending cash that isn’t his with the efficiency of a Wilt Chamberlain first date. After cutting his teeth as a reporter for the Toronto Sun, he joined the MSN Money team with...