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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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.”…

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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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…

CNBC Reports: Mark Penn talks about the concerning trend, “Guys Left Behind”


Mark Penn cites statistics that show the traits that worked for men for thousands of years – aggressiveness and risk-taking – are not working for them in the information age, causing men to fall behind women in life expectancy, education, and good health.

Watch the video now at CNBC.

Wall Street Journal Microtrends Column: Guys Left Behind (GLBs) by Mark Penn

Wall Street Journal Microtrends Column
By MARK PENN with E. KINNEY ZALESNE
From The Wall Street Journal Microtrends Column
Published June 1, 2009

Guys are simply falling behind these days.

We may not yet have the first woman president, but a look at what is happening with the next generation shows that women are succeeding in an ever-widening range of areas, while there is a statistically significant and growing group of guys who are just not going to make it.

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.

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Mark Penn Participates in China’s Boao Forum for Asia (BFA) Annual Conference

Mark Penn participates in China's Boao Forum for Asia (BFA) Annual Conference 2009

Mark Penn spoke about the resilience of the internet economy to weather the financial crisis, including the rise of blogging and technology, and the dislocation and challenges facing journalists and the print industry. Watch the video on China’s QQ.com

Wall Street Journal Microtrends Column: Fearless Freddies: Bungee-Jumping in the New Economy

Wall Street Journal Microtrends Column
By MARK PENN with E. KINNEY ZALESNE
From The Wall Street Journal Microtrends Column
Published March 30, 2009

In these uncertain times, most people are seeking protection and safety from the prospect of even more economic turbulence. But another group is going bungee-jumping into the middle of the financial crisis — bravely increasing their investments even as the markets and the financial system collapse and gloomy predictions abound.

These “Fearless Freddies” are the ones who had the stomach to invest in Citigroup when its share price dipped below a dollar. They are the ones buying oil (and oil stocks) as it hits new lows. They are down in Florida looking for condos and checking out the foreclosures. They are either the smartest people in this changed economy — or the dumbest.

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Wall Street Journal: Mark Penn Discusses Political Challenges Facing World Leaders

WSJ’s Kelsey Hubbard speaks with CEO of Burson-Marsteller about the challenges that world leaders will be facing and how deep these issues actually are and his reaction to the Prime Minister’s ideas.

MSNBC: Mark Penn Explains Recession Microtrends on Morning Joe

Visit msnbc.com for Breaking News, World News, and News about the Economy

Strategist Mark Penn discusses how unprepared the US is for the newly unemployed masses

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