The prevalence of the mammone has long been thought to be a predominantly Italian phenomenon, with deep cultural roots. It has grown more pronounced with the country’s recent economic distress. Since 2008, a growing percentage of Italian men aged 25-54 have abandoned the labor force, no longer bothering even to look for work.
Italy’s workforce participation rate among men of prime working age is by far Europe’s lowest. But it is not the lowest in the developed world. Italy now shares that dubious distinction with the U.S.
That wouldn’t happen if Obama were President. Continue reading