Hacker News new | ask | show | jobs
by liquidpele 973 days ago
To be fair, this is mostly a consequence of women entering the workforce. Not that that’s bad, but it’s an unintended consequence that companies were then able to convince workers to work for less because people could survive on it still.
3 comments

Yeah see I think that’s part of the wealth being sucked into the 0.1%
This assumes they competed for the same jobs, is that true ?

Why didn’t women entering the workforce lead to growth and more jobs being created ?

Because it’s not about the jobs, it’s about what salary people will settle for.

If a family had to make X to live comfortable before, now you can do so with each of you making half that as long as it adds up to X. People shouldn’t settle for less, but they do even if only a few percent… where before people didn’t to the same degree because it had more immediate impact.

This in turn is one of the several market forces that has contributed to deflated wages.

"To be fair..."

If you leave this out of your response, do you believe that you're still conveying the same message?

I do.