Sunday's economy stories

Many Americans are too drugged-out to work
A slew of reports finds a fresh reason for the chronic inability of American companies to fill skilled jobs: not a lack of skills, and hence a training-and-education crisis, but a surfeit of drug abuse, per the NYT's Nelson Schwartz. Simply put, prime-working age Americans without a college diploma are often too drugged-out to get the best jobs. Opioids remain at high levels, but the surge in drug use is now heroin and the powerful contaminant fentanyl.
The reports suggest a circularity to the crisis in America's rust and manufacturing belts: the loss of jobs and wage stagnation has led to widespread disaffection, alienation and drug abuse; and drug abuse has led to joblessness, hopelessness and disaffection.
But the numbers are all over the map. Some employers and economists say up to half of job applicants do not clear drug tests; others say it is 25%. In the chart above, Indeed economist Jed Kolko, using data from the U.S. Current Population Survey, found that 5.6% to 5.7% of working-age adults didn't work last year because of illness or disability, an unknown percentage of which were because of drug use.

The Great Stagnation: Americans stopped moving to find work
From the first, Americans have been on the move in "Great Migrations" for a better life, like those of the last century that saw poor blacks and whites go from the south for higher-paying work in northern cities. But no longer. Starting around 1980, working class Americans have largely stood still, and a primary reason is real estate prices, according to new research.
In a new paper, the University of Chicago's Peter Ganong and Daniel Shoag say high rent in America's most economically vibrant areas make these moves a money loser for lower-skilled workers.
Why it matters: Their relative immobility stunts a historical trend in which lower-skill American workers have climbed the income ladder. It's one reason for the decades of stagnant income documented across the West by economists.

The Trumpworld circle of bullying
Trump's "bully pulpit" has been used less for good and more for, well, actual bullying. And it's contagious. The bullying is an ongoing circle passing from President to administration officials to leakers to the press, who then hand it back to Trump.
Here's who's being bullied these days:

