4 ms·
The one graph missing from this is the workplace participation rate for women which increased rapidly from an average of 47% to 65% between 1972 and 1984 for OE
by dwd 7y ago
The one graph missing from this is the workplace participation rate for women which increased rapidly from an average of 47% to 65% between 1972 and 1984 for OECD countries.
A large number of households would have gone from having a single breadwinner to two as more women entered the workforce. The expansion of the pool for workers would have had a supply-side impact on wages.
Initially many households would have seen their joint income increase substantially but most likely resulted in downward pressure on wages that saw that gain eaten away.
Two wages then became the new normal for later generations.
- dTal 7y agoThere doesn't seem to be any inflection point in that graph, so I'm not sure why you consider it relevant: https://en.wikipedia.org/wiki/Labor_force_in_the_United_States#/media/File:US_Labor_Participation_Rate_by_gender.svg https://en.wikipedia.org/wiki/Labor_force_in_the_United_Stat...
- dwd 7y agoNot for the US which started earlier after the Equal Pay for Equal Work Act was signed. The graph for OECD countries on average which includes the US turns in the early 70s. From a report on Japanese women participation going the opposite direction. https://www.hamiltonproject.org/ee-ce-image/made/assets/img/uploads/wysiwyg/papers/economic_analyses/japan_women_labor_force_participation/01_labor_force_participation_prime_age_women_oecd_countries_800_422_80.jpg https://www.hamiltonproject.org/ee-ce-image/made/assets/img/...