[ip26]

I do wonder about that sometimes. It doesn't seem to be discussed much.

On the one hand inflation-adjusted GDP is 5x higher than the 60's (https://www.multpl.com/us-gdp-inflation-adjusted) so even if the workforce doubled the pie got much larger.

On the other hand markets like real estate have somewhat inelastic supply and higher household incomes as a result of dual earners might just bid up prices.

[thewarrior]

Elizabeth Warren wrote a book about this called the Two Income Trap. It’s a shame for someone who’s not an American that America has deep thinkers like Warren in politics but people like Trump and GW Bush become president.