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by tonyedgecombe
1588 days ago
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>The "Lump of Labor" fallacy is just that, a fallacy. Economic gains are not zero-sum. One of the consequences of women entering the labor force is banks will lend on the basis of two salaries instead of one. In a world of constrained housing supply (which seems to be most of the west) this means prices will be bid up to match the joint income. This looks awfully like a zero-sum outcome to me. |
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