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Back then, 1 income could raise a family. The participation was not needed.
by madengr 10y ago
Back then, 1 income could raise a family. The participation was not needed.
- stuckagain 10y agoThat process runs both ways. When the economy is doing better, labor participation can go down due to incomes going up. The grandparent pinned the qualitative judgement "permanently discouraged" upon this graph, but that's just one way to read it.