What is a Mancession?
A mancession is a situation in which the employment rate of men is lower than the employment rate for women.
How Does a Mancession Work?
Let's say the employment rate for women is 95%. Meanwhile, the employment rate for men is 80% and declining. This is mancession.
Why Does a Mancession Matter?
Mancessions indicate that men are having a tougher time finding jobs. This in turn may indicate that traditionally male occupations may be waning, that women have more marketable job skills, or that men are dropping out of the workforce to pursue other activities. Regardless, a mancession can have considerable consequences for an economy, including lower disposable income, which leads to lower consumer expenditures on goods and services and more reliance on government support.