It is the economy.
However, I will relate one experience that I had recently. I go to coffee shops quite a bit to program when I am not trading, and many of these are in book stores. As you can imagine, many of the people that frequent these places are educated, opinionated, intellectual, etc.
Most of the conversations in these places are deep and interesting. One day I got into a conversation with a group of these people. Somehow it got around to what we do. I was shocked. Many of these people are unemployed, even on a part time basis. I carefully inquired as to why some of these people did not take any job. To make a long story short, and I could be wrong about this, most jobs are beneath these people. They would rather starve than work at MCD, or TGT, or tutoring kids, pizza delivery, delivering newspapers or whatever. Hell, volunteering at a soup kitchen is better than sitting at home idly watching "Jerry Springer or Days of our lives". It is always easier to get a job when you have one. It is not logical, but it is often true. Most of these people have tremendous skills that they could offer as a service to people that want them!
The seven dealy sins:
wrath, greed, sloth, pride, lust, envy, and gluttony.