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Are American progressives making themselves sad?

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Surely few developments could be less surprising than the recent news that America has slipped down the global happiness rankings. Gallup reported in mid-March that America had dropped out of the top 20 for the first time since it started taking its survey in 2012, falling in a year from 15th place to 23rd. (Yes, annoyingly, Finland came out on top, for the seventh straight year.)

Their economy and technology may be the envy of the world, but Americans are becoming a dyspeptic bunch, anxious about the future and uneasy about foundational institutions, from the armed forces to the press to organised religion. Yet all are not equally sad. Numerous studies and surveys—Americans are obsessed with this subject—show that some groups tend to lag behind others in the pursuit of happiness: bankers are said to be sadder than lumberjacks, the unmarried sadder than the married, teenage girls sadder than teenage boys.

One distinction that holds true today has persisted for decades: liberals are sadder than conservatives. This is a global symptom of political difference, but it is particularly strong in America. Of whatever age group or whichever sex, liberals are also far more likely than conservatives to report having been diagnosed with a mental illness.

In the new Gallup survey self-reported happiness fell for every age group, but most precipitously for those 30 and younger. Older Americans ranked tenth globally in happiness, whereas younger Americans ranked 62nd. That is a change from a decade ago, when the two groups reported similar levels of happiness. The trend is consistent with data from the Centres for Disease Control and Prevention, which surveys 17,000 high-school students every two years. Rates of mental-health problems have increased with every survey since 2011, and last year the CDC reported the highest rates of sadness found in a decade, particularly among girls.

In a study in 2021 called “The Politics of Depression”, a group of scholars zeroed in on the possible link between political ideology and unhappiness among teenagers. They found an alarming rise in depression among young people starting in 2012, and, like the cDC, a particular increase among girls. But ideological difference mattered more than gender difference. Liberal boys reported higher rates of depression than conservative boys or girls, and liberal girls reported the highest rates of all.

Disentangling correlation from cause to explain the happiness gap between conservatives and liberals has long vexed social psychologists and political commentators. So, no doubt, has the task of disentangling one’s own politics from one’s hypotheses. The authors of the study connected the rise of depression with the spread of social media. They also argued that conservative ideology may help protect mental health, for reasons that did not flatter conservatives: “This group presumably benefits from the American cultural myth of an equal playing field in which exceptional social positions are thought to be earned through hard work and talent rather than inherited through codified privilege.” Liberal adolescents, they wrote, may feel alienated in contrast to conservative peers “whose hegemonic views were flourishing”.

A possible flaw in this theory is that, in the first four years that young liberals’ mental health declined, Barack Obama was president and conservative views were not so successfully hegemonic. Even before 2012, when teenagers reported relatively stable mental health, young liberals, like older liberals, reported higher rates of depression. Sceptics of the authors’ hypothesis have noted that being conservative could confer psychological benefits for less cynical reasons. Conservatives tend to be healthier, more patriotic and more religious, and to report finding higher levels of meaning in their lives. These characteristics correlate with happiness.

It is possible that liberalism does not just correlate with sadness but may exacerbate it. Musa al-Gharbi, a sociologist at Stony Brook University, has noted that educated, affluent white liberals have come to endorse the idea that America is systemically racist, leading them to view other racial and ethnic groups more warmly than their own. “This tension—being part of a group that one hates—creates strong dissociative pressures on many white liberals,” he wrote in the journal American Affairs. Another hypothesis, advanced by Jonathan Haidt, a social psychologist, and Greg Lukianoff, a lawyer, is that liberals are performing a reverse cognitive behavioural therapy on themselves: promoting not resilience and optimism about incrementally improving the world but catastrophic rumination about problems such as climate change and fearfulness of disagreement even on university campuses. Such habits of mind can deepen depression.

Mopes and change

Research has found liberals to be more empathetic than conservatives, so in a troubled world one might expect them to be sadder. But a profound shift appears to be under way when it comes to excitement about change. “One of the fundamental traits of the conservative attitude is a fear of change, a timid distrust of the new as such,” wrote Friedrich Hayek in “The Constitution of Liberty” in 1960, “while the liberal position is based on courage and confidence, on a preparedness to let change run its course.”

Mr Obama, whose summons to “hope and change” rhymed with his own biography, may have marked high water for this idea of American liberalism, as opposed to today’s progressivism. President Joe Biden has negotiated potentially transformative legislation, but he presents himself as guarding against radical change. Donald Trump has robbed liberalism of its transgressive glamour and made conservatism mean its opposite: disruption, subversion, challenge to fuddy-duddies and the status quo—all that cool stuff. It’s kind of depressing. 

Read more from Lexington, our columnist on American politics:
The case of Stormy Daniels echoes past scandals (Mar 27th)
Binyamin Netanyahu is alienating Israel’s best friends (Mar 18th)
“Dune” is a warning about political heroes and their tribes (Mar 14th)

Also: How the Lexington column got its name

Economics

Job openings jumped and hiring slumped in October, key labor report for the Fed shows

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October job openings data beats expectations while new hires fall monthly

Available jobs rose in October while hiring fell during a month in which payrolls growth hit their lowest level in nearly four years, the Bureau of Labor Statistics reported Tuesday.

Job openings totaled 7.74 million on the month, up 372,000 from September and more than the Dow Jones estimate for 7.5 million, the BLS said in its Job Openings and Labor Turnover Survey. The rate of openings as a share of the labor force rose to 4.6% from 4.4%.

That brought the ratio of available positions to unemployment workers up to 1.1, about half of where it was during the peak of a massive gap between supply and demand in 2022.

Hiring also tailed off at a time when the labor market was disrupted by violent storms in the Southeast as well as two major labor strikes involving dock workers and Boeing. Hires totaled 5.31 million, down 269,000 on the month, lowering the hiring rate to 3.3%. That’s also a decline of 0.2 percentage point.

Layoffs, though, fell to 1.63 million, a decrease of 169,000 from September.

The data comes for a month in which the BLS reported nonfarm payroll growth of just 12,000, the worst month since December 2020.

The Federal Reserve watches the JOLTS report closely for signs of tightness or slack in the labor market. Markets expect the Fed to lower its benchmark borrowing rate by a quarter percentage point when it meets later this month, in part an effort to head off any potential weakness in the labor market.

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Economics

Fed’s Waller ‘leaning toward’ a rate cut, but worries about inflation

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Federal Reserve Governor Christopher Waller speaks during The Clearing House Annual Conference in New York City, U.S. November 12, 2024. 

Brendan Mcdermid | Reuters

Federal Reserve Governor Christopher Waller said Monday he is anticipating an interest rate cut in December but is concerned about recent trends on inflation that could change his mind.

“Based on the economic data in hand today and forecasts that show that inflation will continue on its downward path to 2 percent over the medium term, at present I lean toward supporting a cut to the policy rate at our December meeting,” Waller said in remarks before a monetary policy forum in Washington.

However, he noted that the “decision will depend on whether data that we will receive before then surprises to the upside and alters my forecast for the path of inflation.”

Waller cited recent data indicating that progress on inflation may be “stalling.”

In October, the Fed’s preferred inflation indicator, the personal consumption expenditures price index, showed headline inflation moving up to 2.3% annually and core prices, which exclude the cost of food and energy, moving up to 2.8%. The Fed targets a 2% rate.

Though the data was in line with Wall Street expectations, it showed an increase from the prior month and was evidence that despite the progress, the central bank’s goal has proved elusive.

“Overall, I feel like an MMA fighter who keeps getting inflation in a choke hold, waiting for it to tap out yet it keeps slipping out of my grasp at the last minute,” Waller said, referring to mixed martial arts. “But let me assure you that submission is inevitable — inflation isn’t getting out of the octagon.”

Markets expect the Fed to lop another quarter percentage point off its benchmark overnight borrowing rate when it meets Dec. 17-18. That would follow a half-point cut in September and a quarter-point reduction in November.

“As of today, I am leaning toward continuing the work we have started in returning monetary policy to a more neutral setting,” Waller said.

Waller said he will watch incoming employment and inflation data closely. The Bureau of Labor Statistics this week will release reports on job openings and nonfarm payrolls, the latter coming after gains in October came in at a paltry 12,000, due largely to labor strikes and weather issues.

Even with the slowing progress on inflation, Waller said broader economic health has him feeling like it will be appropriate to continue to ease monetary policy.

“After we cut by 75 basis points, I believe the evidence is strong that policy continues to be significantly restrictive and that cutting again will only mean that we aren’t pressing on the brake pedal quite as hard,” he said.

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Economics

A big transgender-rights case heads to America’s Supreme Court

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A case to be heard by the Supreme Court on December 4th is set to reignite debate about one of the election’s most controversial issues: the rights of transgender people, and specifically the medical transitioning of minors. In 2023, Tennessee enacted Senate Bill 1 (SB1), which bans puberty blockers, cross-sex hormones and surgery for minors who identify as trans. It is one of 26 states that have done so. Now, in United States v Skrmetti, the federal government, supported by the American Civil Liberties Union (ACLU), is suing Tennessee on behalf of the parents of three teenagers, claiming the ban violates the equal-protection clause of the constitution’s 14th Amendment.

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