One major factor: women entered the workforce. Labor supply doubled, and two incomes per household became normalized. Our current economic system fails to account for the work of raising children which was implicitely built into the “traditional family” model.
That’s a double whammy for workers. The value of labor is halved. Both partners are expected to work to achieve a similar standard of living. And, without one partner doing household and child-rearing labor, those costs are borne by the workers.
Yeah, the entire premise requires that women entering the workforce didn’t cause any new jobs to come into existence.
Childcare alone is a huge industry.
Both working parents often means two vehicles, that’s an increase in manufacturing.
It also ignores that women were already part of the workforce but their options were restricted.
Two household incomes exist because it’s the only way to survive the past 40 years of wage stagflation. We have an increase in multi-generational households because two incomes is no longer enough.
One major factor: women entered the workforce. Labor supply doubled, and two incomes per household became normalized. Our current economic system fails to account for the work of raising children which was implicitely built into the “traditional family” model.
That’s a double whammy for workers. The value of labor is halved. Both partners are expected to work to achieve a similar standard of living. And, without one partner doing household and child-rearing labor, those costs are borne by the workers.
Cite your sources on this economic theory of yours, that is if you can find any that didn’t come out of some MRA’s ass
Yeah, the entire premise requires that women entering the workforce didn’t cause any new jobs to come into existence.
Childcare alone is a huge industry.
Both working parents often means two vehicles, that’s an increase in manufacturing.
It also ignores that women were already part of the workforce but their options were restricted.
Two household incomes exist because it’s the only way to survive the past 40 years of wage stagflation. We have an increase in multi-generational households because two incomes is no longer enough.
What part do you disagree with?