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I believe the hypothesis behind this is that women entering the workforce in large numbers disrupted the labor demand/supply equilibrium while also portending m
by next_xibalba 3y ago
I believe the hypothesis behind this is that women entering the workforce in large numbers disrupted the labor demand/supply equilibrium while also portending major changes to family structure and aggregate social dynamics.
I don't think its a very interesting hypothesis though. The increase was fairly gradual post-WWII [1]. It also seems like it probably points the causal arrow in the wrong direction. Women probably would not have entered the workforce in such broad numbers had economic conditions supported a single income earner per household.
[1] https://fred.stlouisfed.org/series/LNS11300002 https://fred.stlouisfed.org/series/LNS11300002