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Gnudiff
Gnudiff
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While other answers and comments point out that the standard of living has risen, despite the inflation adjusted real incomes staying the same, I don't see anyone mentioning that this standard of living is nowadays usually achieved by a two person income instead of one.

I saw a comment that women in 1950ies still frequently(?) earned money, however, the fact that women participation in workforce has approximately doubled in almost every age group (from ~30% in 1950 to over ~65% in 1998) seems to indicate that for a lot of jobs a single earner household has over time become insufficient. One of the obvious reasons would be that the influx of more workers in many fields should be pushing the wages down.

While other answers and comments point out that the standard of living has risen, despite the inflation adjusted real incomes staying the same, I don't see anyone mentioning that this standard of living is nowadays usually achieved by a two person income instead of one.

I saw a comment that women in 1950ies still frequently(?) earned money, however, the fact that women participation in workforce has approximately doubled in almost every age group (from ~30% in 1950 to over ~65% in 1998) seems to indicate that for a lot of jobs a single earner household has over time become insufficient. One of the obvious reasons would be that the influx of more workers in many fields should be pushing the wages down.

While other answers and comments point out that the standard of living has risen, despite the inflation adjusted real incomes staying the same, I don't see anyone mentioning that this standard of living is nowadays usually achieved by a two person income instead of one.

I saw a comment that women in 1950ies still frequently(?) earned money, however, the fact that women participation in workforce has approximately doubled in almost every age group (from ~30% in 1950 to over ~65% in 1998) seems to indicate that for a lot of jobs a single earner household has over time become insufficient.

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Gnudiff
Gnudiff
  • 163
  • 5

While other answers and comments point out that the standard of living has risen, despite the inflation adjusted real incomes staying the same, I don't see anyone mentioning that this standard of living is nowadays usually achieved by a two person income instead of one.

I saw a comment that women in 1950ies still frequently(?) earned money, however, the fact that women participation in workforce has approximately doubled in almost every age group (from ~30% in 1950 to over ~65% in 1998) seems to indicate that for a lot of jobs a single earner household has over time become insufficient. One of the obvious reasons would be that the influx of more workers in many fields should be pushing the wages down.