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by BurningFrog 2640 days ago
These things are hard to think about.

A new worker (or 50 million new female workers) does on one end increase the supply of labor, which should lower the price (wages) of it, but s/he also starts spending an income, which increases general demand in the economy and acts to push up wages.

It's not obvious what the net effect is. Economists probably have a (or several :) well thought out and validated answers to this, but my gut feel is that it all evens out.

1 comments

I think it's necessary to look at it more in more detail. What did women stop doing to make time for work? What products and services had higher demand and which ones did not? In particular were they labor intensive goods or resource intensive goods or even zero sum goods?

I don't have the answers to these questions unfortunately.

Elizabeth Warren did a lot of research on the topic before going into politics. The bulk of the income went towards transportation, childcare, housing and medical care.
They stopped being mothers and outsourced that to public education. That is why kids now are brainwashed and dumber than previous generations. A generation of impressionable people to fuel capitalistic growth.

Social cohesion is down and communities are dying. The social fabric is being torn apart.