April 9, 2025 • 7 mins
Chris tackles the ‘Nilf’ epidemic. 7 million prime-age men (24-54) not in the labor force, neither working nor looking, a tenth of their demographic, blaming decades of Great Society handouts turned narcotic, as he argued in his old Drug Pusher piece citing Cato Institute data. With three Nilfs for every unemployed job-seeker, he scoffs at Trump’s factory revival dreams, noting these ‘long-termers, won’t budge, fueled by a dysfunctional $7 trillion disability archipelago (SSDI, SSI, VA benefits, and more) that’s spiked sevenfold since 1965. Markowski warns cutting benefits is political suicide; the fix starts with eighth-grade prep and grandfathering current Nilfs. www.watchdogonwallstreet.com
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski nilph.
Speaker 2 (00:16):
What's a nylth unemployed versus the nylh? Nylph is not
in the labor force? Why wouldn't somebody be in a
labor force? I don't have to be because we're giving
away lots of stuff. Anyway, Years and years and years ago,
I wrote a piece called Drug Pusher, and I took
(00:37):
a lot of information from the Cato Institute, the studies
that were done going all the way back to the
sixties great society programs, and basically what I stated was
that these Great societies programs and all of the handouts
and giveaways that we, as a benevolent taxpayers bestow upon
the citizens, can turn into a narcotic and they have.
(01:03):
They have that the same the same issues that one
would associate social pathologies that one would associate with drug
addiction can also be associated with handout and giveaway addiction.
Right now, nearly seven million men, seven million men prime
(01:26):
of their life. A tenth of the twenty four to
fifty four year age group are nyphs, neither working nor
looking for work, not working, not looking anyway. The Trump
policies and again they think they happen to believe that
(01:50):
all of a sudden they're going to bring factories back
to the United States, and the nyphs are going to
be jumping, jumping to get back in. It's what they want.
They want to be working in a factory, right. No,
that's not going to happen. For every prime age man
(02:11):
who's actually unemployed, out of a job, but looking, there
are three three others, not working, not looking. Nicholas Everhart
had a peace today, and again basically things that I've
been talking about for years. The overwhelming majority of jobless
(02:34):
men nowadays are nilphs. Unemployment unemployed men differ fundamentally in
both mindset and behavior from nilph men. The former consider
themselves part of the labor force, the latter do not.
The former respond to labor market incentives, the ladder do not. Thus,
(03:00):
while unemployed men tend to be out of work for
just a few weeks, nilph men are long termers, often lifers. Furthermore,
only a tiny minority of Nylph men say they're jobless
because they could not find work even during recessions. Most
(03:21):
give other reasons. Millions of Nylph men live work free
existences financed by and array of disability programs and their
associated poverty benefits. The disability archipelago incentivize helplessness and a
terrible cost human potential. I've talked about that as well,
(03:44):
you take away FDR talked about that when he was
launching Social Security back in the day. He said, too
much of this is against the human spirit. It's inimical
to what's right. You can't just keep given people stuff.
America's disability system is so dysfunctional that no one in
(04:06):
DC can tell you how many people are currently getting
benefits from its crazy quilt of subcomponents SSDI, SSI, social
Security veterans benefits, state level disability programs, workmen's comp programs,
and more. Nicholas said before the pandemic, I estimated that
over half of America's prime age NILF men were getting
(04:28):
benefits from one or more of these programs, and that
over two thirds lived in homes taking in at least
one disability benefit. That would have been over three million
direct recipients and over four million indirect beneficiaries seven million
(04:48):
between the ages of twenty five to fifty four. Wow,
and again these numbers exploded from nine to seven times,
up seven times from nineteen sixty five to twenty twenty three.
And you want to know from what most of the
(05:10):
claims were for afflictions of nervous sense and organs or
musculo skeletal system and connective tissue, which is medical gray areas.
You see, doctors can determine whether a patient has got
(05:33):
whooping cough or if you broke your leg, but there's
no real test if you're sad, I'm just sad I
can't work, or if you've got back pain that can't work.
Six decades of rising dropout rates for prime age American
(05:55):
man to tests to this. Unlike the employment rate, which
follows the business cycle, the prime mail nil freate has
risen with irregularity through boom and bust alike for decades,
almost wholly unaffected by national economic conditions. Anyway, I can
go on, But how are you going to get these
(06:19):
people into the factories. Oh, you're you're going to start
cutting off benefits. Good luck with that. That's not going
to happen. It's not going to happen. You know, I've
talked about this in the past. You know, when it
(06:40):
comes to you know, some some people, you know, you
start with handouts, they get addicted to them. You know,
trying to wean them off is one of the more
difficult things in the entire world. And guess what, it
doesn't make for good politics. Doesn't make for good politics.
You know, you want these jobs of the future, You've
got to start in the eighth grade. You've got to
(07:03):
start in the eighth grade. And you know what you
gotta You know, the people that are on it at
this point in time, what are you gonna do you
You're not gonna be able to ank them off it again.
New enrollees, you gotta have, you got, That's that's where
you gotta start. You gotta say you're gonn put a
stop to this. Conditions have changed. These are the new requirements.
Everyone who's grandfather and his grandfather in That's the only
(07:24):
way I can see. But you've gotta get these people
to start working in the sneaker factory. No, not gonna happen.
Watchdog on Wall Street dot Com
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski nilph.
Speaker 2 (00:16):
What's a nylth unemployed versus the nylh? Nylph is not
in the labor force? Why wouldn't somebody be in a
labor force? I don't have to be because we're giving
away lots of stuff. Anyway, Years and years and years ago,
I wrote a piece called Drug Pusher, and I took
(00:37):
a lot of information from the Cato Institute, the studies
that were done going all the way back to the
sixties great society programs, and basically what I stated was
that these Great societies programs and all of the handouts
and giveaways that we, as a benevolent taxpayers bestow upon
the citizens, can turn into a narcotic and they have.
(01:03):
They have that the same the same issues that one
would associate social pathologies that one would associate with drug
addiction can also be associated with handout and giveaway addiction.
Right now, nearly seven million men, seven million men prime
(01:26):
of their life. A tenth of the twenty four to
fifty four year age group are nyphs, neither working nor
looking for work, not working, not looking anyway. The Trump
policies and again they think they happen to believe that
(01:50):
all of a sudden they're going to bring factories back
to the United States, and the nyphs are going to
be jumping, jumping to get back in. It's what they want.
They want to be working in a factory, right. No,
that's not going to happen. For every prime age man
(02:11):
who's actually unemployed, out of a job, but looking, there
are three three others, not working, not looking. Nicholas Everhart
had a peace today, and again basically things that I've
been talking about for years. The overwhelming majority of jobless
(02:34):
men nowadays are nilphs. Unemployment unemployed men differ fundamentally in
both mindset and behavior from nilph men. The former consider
themselves part of the labor force, the latter do not.
The former respond to labor market incentives, the ladder do not. Thus,
(03:00):
while unemployed men tend to be out of work for
just a few weeks, nilph men are long termers, often lifers. Furthermore,
only a tiny minority of Nylph men say they're jobless
because they could not find work even during recessions. Most
(03:21):
give other reasons. Millions of Nylph men live work free
existences financed by and array of disability programs and their
associated poverty benefits. The disability archipelago incentivize helplessness and a
terrible cost human potential. I've talked about that as well,
(03:44):
you take away FDR talked about that when he was
launching Social Security back in the day. He said, too
much of this is against the human spirit. It's inimical
to what's right. You can't just keep given people stuff.
America's disability system is so dysfunctional that no one in
(04:06):
DC can tell you how many people are currently getting
benefits from its crazy quilt of subcomponents SSDI, SSI, social
Security veterans benefits, state level disability programs, workmen's comp programs,
and more. Nicholas said before the pandemic, I estimated that
over half of America's prime age NILF men were getting
(04:28):
benefits from one or more of these programs, and that
over two thirds lived in homes taking in at least
one disability benefit. That would have been over three million
direct recipients and over four million indirect beneficiaries seven million
(04:48):
between the ages of twenty five to fifty four. Wow,
and again these numbers exploded from nine to seven times,
up seven times from nineteen sixty five to twenty twenty three.
And you want to know from what most of the
(05:10):
claims were for afflictions of nervous sense and organs or
musculo skeletal system and connective tissue, which is medical gray areas.
You see, doctors can determine whether a patient has got
(05:33):
whooping cough or if you broke your leg, but there's
no real test if you're sad, I'm just sad I
can't work, or if you've got back pain that can't work.
Six decades of rising dropout rates for prime age American
(05:55):
man to tests to this. Unlike the employment rate, which
follows the business cycle, the prime mail nil freate has
risen with irregularity through boom and bust alike for decades,
almost wholly unaffected by national economic conditions. Anyway, I can
go on, But how are you going to get these
(06:19):
people into the factories. Oh, you're you're going to start
cutting off benefits. Good luck with that. That's not going
to happen. It's not going to happen. You know, I've
talked about this in the past. You know, when it
(06:40):
comes to you know, some some people, you know, you
start with handouts, they get addicted to them. You know,
trying to wean them off is one of the more
difficult things in the entire world. And guess what, it
doesn't make for good politics. Doesn't make for good politics.
You know, you want these jobs of the future, You've
got to start in the eighth grade. You've got to
(07:03):
start in the eighth grade. And you know what you
gotta You know, the people that are on it at
this point in time, what are you gonna do you
You're not gonna be able to ank them off it again.
New enrollees, you gotta have, you got, That's that's where
you gotta start. You gotta say you're gonn put a
stop to this. Conditions have changed. These are the new requirements.
Everyone who's grandfather and his grandfather in That's the only
(07:24):
way I can see. But you've gotta get these people
to start working in the sneaker factory. No, not gonna happen.
Watchdog on Wall Street dot Com
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.