On the recordJune 27, 2018
Mr. President, we talked a little about the growing economy, and we talked about the fact that one of the weaknesses we have is, in spite of a growing economy and lower unemployment--all this good news coming with the tax cuts and tax reforms and investments--we have a problem, which is that many people are outside the workforce altogether. Historically high levels of labor force participation are not being part of the workforce, but instead people are being sidelined. How do you get those people back to work? There are 8.5 million men between 25 and 55, as an example, who are not working. They are not showing up on the unemployment numbers because they are not looking for work. There are a number of reasons for that. The one I think that is most significant today, that puts us at this high level of people outside the workforce, is the opioid epidemic. I am talking about the fact that we have data on this from the Federal Reserve. We have data on this from the Brookings Institute and data from the Department of Labor and the Trump administration showing this is a huge problem. About half the people, for instance, outside the workforce altogether are taking pain medication on a regular basis. This opioid crisis is affecting us in every way. What is Congress doing about it? We have made progress.…





