3 ms·

Your partner will work too though so property is 10x of household income instead of 20x one person salary.

prirun 4y ago
And because both spouses have to work now to make it, you will have to pay daycare to raise your kids for you. Let's hope they do a good job. So no, your calculations are wrong.
- suggestion 4y ago
  It's a chicken and egg situation though. Both spouses "have" to work because both spouses started working. It should be no surprise that if you nearly double the labor pool that labor devalues and household income is split between the laborers.
  - jprd 4y ago
    the what now? Are theorizing that women wanting to be more than just a domestic servant and baby factory _devalued_ household earning potential by splitting it between two people?
    - kbelder 4y ago
      It pretty clearly did, although not by 100%. That's not a value judgement. It's just a consequence.
      - jprd 4y ago
        Appreciated, and I'm sure it is _part_ of the equation, but that also would indicate that Capitalism is inherently flawed as it won't allow for maximum expression of profit. Almost as if there was an non-invisible hand that is weighing all that. Western Society injected more labor and there was the same amount of profit to share, or it was captured in a way that prevented fair distribution of profit?
    - deleted 4y ago
      [deleted]
    - uxp100 4y ago
      See Elizabeth Warren’s The Two Income Trap for some exploration of this and related topics. (It’s on my meaning to read for a while now, I have not read it)
  - MandieD 4y ago
    Both middle/upper-middle class spouses "have" to work because both middle/upper-middle class spouses started working - poor (especially minority and recent immigrant) women, even those with young children, have always worked for money in the US; who did the cooking and cleaning for institutions and the well-off? Who did the sewing that used to happen in US factories?
nr2x 4y ago
Some people have disabled spouses.
liketochill 4y ago
I believe both partners working is one reason for the run up in residential real estate. Everyone can afford more so they pay more for more desirable places to live.
- pharmakom 4y ago
  Cheap credit is the other reason. Less than 5% down at near zero interest will push up asset prices. A good thing this is ending.

And because both spouses have to work now to make it, you will have to pay daycare to raise your kids for you. Let's hope they do a good job. So no, your calculations are wrong.

suggestion 4y ago
It's a chicken and egg situation though. Both spouses "have" to work because both spouses started working. It should be no surprise that if you nearly double the labor pool that labor devalues and household income is split between the laborers.
- jprd 4y ago
  the what now? Are theorizing that women wanting to be more than just a domestic servant and baby factory _devalued_ household earning potential by splitting it between two people?
  - kbelder 4y ago
    It pretty clearly did, although not by 100%. That's not a value judgement. It's just a consequence.
    - jprd 4y ago
      Appreciated, and I'm sure it is _part_ of the equation, but that also would indicate that Capitalism is inherently flawed as it won't allow for maximum expression of profit. Almost as if there was an non-invisible hand that is weighing all that. Western Society injected more labor and there was the same amount of profit to share, or it was captured in a way that prevented fair distribution of profit?
  - deleted 4y ago
    [deleted]
  - uxp100 4y ago
    See Elizabeth Warren’s The Two Income Trap for some exploration of this and related topics. (It’s on my meaning to read for a while now, I have not read it)
- MandieD 4y ago
  Both middle/upper-middle class spouses "have" to work because both middle/upper-middle class spouses started working - poor (especially minority and recent immigrant) women, even those with young children, have always worked for money in the US; who did the cooking and cleaning for institutions and the well-off? Who did the sewing that used to happen in US factories?

nr2x 4y ago

Some people have disabled spouses.

liketochill 4y ago

I believe both partners working is one reason for the run up in residential real estate. Everyone can afford more so they pay more for more desirable places to live.

pharmakom 4y ago
Cheap credit is the other reason. Less than 5% down at near zero interest will push up asset prices. A good thing this is ending.