If you dramatically increase the supply of something (in this case labour), its price will always fall equally dramatically, all other things remaining equal. Of course, with the influx of female labour, not only did the value of all labour decrease, but so did the number of hours available to each household to consume (i.e., shop). Hence, one could speculate that demand for labour was also negatively impacted, thus further reducing its value.beats me wrote:1. Women joined the workforce at a greater capacity.
2. Working longer hours/having more than one job.
3. Abuse the shit out of credit.
This all seems quite normal now, but this is all just to maybe have a lifestyle you could have had prior to the late 70’s with a single income household, 40 hours a week standard, and very little debt.
Oh, and savings? What is that?
FFS.
This is fallacious. Not spending now is simply spending delayed. Nobody is actually burying their gold and burning the map. This is actually how wealth is created—by saving—and we'd all be much better off if we spent less. Didn't you yourself recently lament that no one saves any more?beats me wrote:They also interviewed a multimillionaire or possibly billionaire who admitted he and his ilk aren’t job creators, interesting because he actually ran a company that employs people, but his point was he only needs 1 car and 3 pairs of jeans will last him awhile. He’s not spending a lot of money and therefore not stimulating job growth down the food chain. The middle class is the biggest consumer class that actually creates jobs and makes a healthy economy.
He also only paid 11% tax on an 8 figure income while the average is about 30% for the middle class people they interviewed.
So how do you account for upper/middle class parents who send their children do boarding schools and have done for centuries?Samuel L. Jizzle wrote:In addition, as women began working en masse, the responsibility of educating their offspring became increasingly delegated to third parties, be it to public or private schools, or private tutors. The family unit was thus weakened, which destabilised and corrupted society and helped the banksters push their everything-for-nothing credit policy and... well, you know the rest.
doghouse wrote:Let me put it into a music perspective.
I was playing club gigs in the Boston area back in the early 1980s for $30 a night (5 piece band, $150 total). Thirty years later I play those exact same clubs and still get $30.
BTW according to the IRS my expense for mileage and tolls to play those $30 gigs is $40
Hoping to be dead before the sh** really hits the fan.
That is the whole point, there is no real idea about how best to raise children, a lot of it is just prejudice and propaganda.Samuel L. Jizzle wrote:@sage, clearly models of healthy human beings.