24 ms·
Let's set aside, for a moment, the very poorest people, who are just struggling to survive. Let's talk about every family (emphasis on family and not individual
by lkrubner 5y ago
Let's set aside, for a moment, the very poorest people, who are just struggling to survive. Let's talk about every family (emphasis on family and not individual) that is above poverty.
The people in the family work to achieve a certain standard of living. If they want to afford 2 weeks in Bermuda every summer and 2 weeks at Vale every winter, then maybe they work a little extra to afford those things. Maybe they work longer hours, or pick up an extra job.
Indeed, consider that in the USA male wages were stagnant or declining for most of the period 1973-2000 and yet family income rose steadily until 2000. That's because women were entering the work force, and their additional income more than made up for their husband's losses.
We just had 18 months where people's standard of living was reduced by government edict. Some people have grown used to the new, lower standard of living. Others plan to raise their standard of living, but plan to be strategic about it.
It is well known that the lockdown affected women more than men. But as things get back to something like normal, there will be no repeat of the somewhat casual way that women picked up low-wage work during the period 1973-2000. To the extent that women rejoin the workforce, they are going to be more strategic about it.