Wall Street Journal Microtrends Column: The Unemployment Cushion by Mark Penn

Wall Street Journal Microtrends Column
By MARK PENN with E. KINNEY ZALESNE
From The Wall Street Journal Microtrends Column
Published November 18, 2009

Unemployment has hit double digits in the U.S., and in some areas of the industrial Midwest, it is approaching 16%. Joblessness in many parts of this country is destructive beyond belief. The Federal Reserve Chairman said he sees little prospect of immediate relief.

And yet, in other areas it is not nearly as bad as it could have been. One reason is that bringing home a paycheck, especially in upper-income households, is a shared responsibility today. That fact alone, in a recession, can provide a lot of families with a built-in backstop–an Unemployment Cushion–to the destitution that unemployment in a recession can cause.

In the last 50 years, job growth has far outstripped population growth. As a result, today’s 10.2% unemployment rate leaves a far greater proportion of the population at work than in the past. In 1961, for example, when we hit 7.1% unemployment, the record for that period, only a third of Americans had jobs. Today, even with 10% unemployment, nearly half the country, or 138 million people, is still at work.

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Politico: The Strategy Corner with Mark Penn: Turning to the left or to the center?

Politico

By MARK PENN
Published November 17, 2009

Is President Barack Obama governing from the left or from the center? It’s a question no one quite seems to have a clear answer to. The post-ideological positioning that worked so well during the campaign is not proving as effective at holding the electoral coalition together given the mounting pressures of governing.

During the campaign, Obama nodded to the left on the Iraq war and civil liberties, but he also sent signals to the center that he would operate in a generally bipartisan manner, pursue the Afghanistan war vigorously and not raise taxes on 95 percent of all Americans. Centrist voters are looking to see that these promises are kept.

While the White House communications have been stellar overall, the echo chamber out there has left some uncertainty about important issues in the voters’ minds. Is the administration for or against waging the Afghanistan war on an all-out basis, including taking down the Taliban? Are jobs or regulating Wall Street its top priority? Should the insurance drug companies be reined in or an accommodation reached?

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The Times (UK): Men: The Second Sex?

Men: The Second Sex?
It’s increasingly a woman’s world, as boys and men lose ground at school and at work. A chance to redefine manhood?

…These days, outside top City circles, being a man does not signify first-class status. In much of modern life, maleness means coming second…

…Mark Penn, the author of the influential book Microtrends, has highlighted the phenomenon of what he calls Guys Left Behind: “Sure, most leadership positions are still filled by men, and there are lots of super-achieving men out there,” he says. “But on the other end of the spectrum, serious problems are brewing for the future of men.” According to statistics, he says, men are 15 times more likely to go to prison, more likely to be obese, alcoholic, unemployed and die earlier.

“When it comes to earning what you learn, guys aren’t learning what they need to — women are getting almost 60% of the college degrees conferred… This college gap could be the one that spells the most serious problem for guys, and over time can be at the root of a lot of increased frustration and even crime… The lifestyles and habits that worked so well for men in more dangerous times may not be working so well for them in the information age. In every age from the caves right on through the second world war, it worked for men to take big risks, have short attention spans and be driven by ego. These days, those things are more likely to get in the way of doing a good job.”…

Business Week: Pinning Down the New American Shopper by Mark Penn

Business Week

Pinning Down the New American Shopper
It’s about information, value, and being green: Today’s discriminating consumers are careful about how they spend, and they’re concerned about the planet

By Mark Penn and E. Kinney Zalesne

The consumer that marketers have had a lot of fun selling to over the last few decades is disappearing. Those were the days—when a snappy jingle did the trick, a celebrity carried the day, and a higher price signaled higher quality.

The old obsession with personality, emotion, and overarching experience is giving way to the green eyeshades of facts, research, and greater rationality. Not all consumers are changing, but enough are to start altering the way we market to and treat consumers. Originality and zaniness will still have their place, but marketers will have to deliver some cold, hard messages at the same time.

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Wall Street Journal Microtrends Column: Grandparents to the Rescue by Mark Penn

Wall Street Journal Microtrends Column
By MARK PENN with E. KINNEY ZALESNE
From The Wall Street Journal Microtrends Column
Published September 16, 2009

Grandparents are stepping up, and the American family may never be the same.

A few years ago, a key microtrend was the Working Retired — aging Americans who were so enjoying work and health that they either wouldn’t retire or were starting second careers altogether. One incidental effect was that grandparents weren’t around to help their adult children with the kids — putting a squeeze on those younger families, and giving a boost to daycare and nannies. New helicopter parents were increasingly reluctant to call upon their parents, and when they did their parents were often too busy or preoccupied.

But now all that’s turning around with a new countertrend. While many are still working later and later, others are sharing the new family burdens of the economic crisis. With unemployment at nearly 10%, and layoffs increasing for both the young and the old, the terrain of intrafamily dynamics is shifting again. And while more togetherness can be complicated for many families, one group that’s coming out on top is the grandkids.

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CNN: Mark Penn reviews President Obama’s approval ratings on CNN’s Lou Dobbs Tonight

Mark says President Obama’s approval numbers are good, considering the tough economy and the fight for healthcare reform. View the video online at the Lou Dobbs Tonight website.

Politico: The Strategy Corner with Mark Penn: The 10 percent unemployment tripwire

Politico

By MARK PENN
Published July 9, 2009

Unless some tough decisions are made soon, rising jobless figures will most likely hit what could be a public opinion and political tripwire: 10 percent unemployment.

If and when the country crosses that line, it will be the No. 1 news story for days, recent stock market gains could recede, and consumer confidence will fall. And whether or not the economic crisis is coming to an end, such a high unemployment level has the potential to undermine the hard-won confidence enjoyed by the Obama administration. The Republicans will quickly claim all we have is more debt and fewer jobs.

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Wall Street Journal Microtrends Column: Doomsayers by Mark Penn

Wall Street Journal Microtrends Column
By MARK PENN with E. KINNEY ZALESNE
From The Wall Street Journal Microtrends Column
Published June 17, 2009

Doom and gloom are in, optimism is out.

The fact that the stock market appears to have righted itself after the steep declines late last year seems out of step with the daily water-cooler talk about what is going to happen next. Fear about the future abounds, along with theories of how things could get worse. Behind these theories is the persistent (and perhaps correct) belief that there is another shoe to drop. Just as people start to get more comfortable, it is all going to come tumbling down again. While a few “doomsayers” were once the outliers among a widely optimistic populace, today there are millions of new pessimists talking up calamity and catastrophe as never before.

In just a few short years, we have gone from President Clinton’s oft-repeated “the best is yet to come” to fears that the “the worst is yet to come.” Hope reigned through most of 2008, but fear does in 2009.

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The New York Times Economix Blog: Mark Penn on ‘Guys Left Behind’

Mark Penn on ‘Guys Left Behind’

Mark Penn, the pollster and former adviser to Hillary and Bill Clinton, adds some good thoughts to a subject that has long interested us here at Economix. He writes in The Wall Street Journal:

Sure, most leadership positions are still filled by men, and there are lots of super-achieving men out there. But on the other end of the spectrum, serious problems are brewing for the future of men. You see it in statistic after statistic. Some of these have been true for a long time — others are new and a growing part of the times. But while women have shown some dramatic improvements in health, education and income, men at the bottom end are facing problems that are as bad as ever — and in some areas getting worse….

Mr. Penn cites a range of statistics, on employment, college graduation, alcoholism, drug use, heart disease, car accidents and life expectancy.

The Times: Women are victors in ‘mancession’

Women are victors in ‘mancession’
Gender roles are being rewritten in America as men bear the brunt of job losses

THE economic crisis is sweeping away men’s jobs at a faster rate than those of women in America, heralding the onset of a so-called “mancession”.

New unemployment figures have revealed the biggest gap in jobless rates between men and women for more than half a century. The shifting pattern is redefining gender roles and challenging the status of men as family breadwinners.

…Mark Penn, Hillary Clinton’s chief strategist during her presidential election campaign, calls the new generation of men “guys left behind”. The ultra-wealthy multi-millionaires still tend to be men, but the pay gap is closing for people in their twenties. Men are also finding themselves in greater numbers at the bottom of the heap.

“There is a statistically significant and growing group of guys who are just not going to make it,” Penn wrote in The Wall Street Journal last week.

Men, he pointed out, are outstripping women in all the “downers” in life – there are more felons, more alcoholics, more drug addicts – and they generally die first. While Penn’s own patron, Clinton, failed to crack the White House glass ceiling, it was unthinkable for Barack Obama to appoint a male Supreme Court justice to replace David Souter – instead he went for Sonia Sotomayor, the first Hispanic nominee…

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