07/19/18 Opioid addiction is keeping a high percentage of people out of the workforce, Fed chairman says

America’s opioid epidemic is exacting a massive human toll that also is impacting the economy, Federal Reserve Chairman Jerome Powell said Tuesday. “From an economic standpoint, some high percentage of prime-age people who are not in the labor force, particularly prime-age males who are not in the labor force, are taking painkillers of some kind,” he said.

July 17, 2018

Powell cited research from Princeton economist Alan Krueger, who conducted a survey and found that 44 percent of men reported that they had taken some form of pain medication the previous day.

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