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>There are a few theories, but none of them really satisfies. Reading through, much the same. >Nobody knows exactly why productivity slowed down for two decad
by incomingpain 1y ago
>There are a few theories, but none of them really satisfies.
Reading through, much the same.
>Nobody knows exactly why productivity slowed down for two decades
The post also doesnt particularly satisfy
>And theoretically speaking, women’s mass entry into the workforce shouldn’t produce an overall decline in wages.
https://en.wikipedia.org/wiki/Unemployment#/media/File:US_Labor_Force_Participation_Rate_by_gender.png https://en.wikipedia.org/wiki/Unemployment#/media/File:US_La...
The total participation rate has gone mostly unchanged. Which means women displaced men from the workplace. Makes sense, skilled and talented women will replace unskilled and untalented men. Those men still need to work.
Supply of workers increased significantly while demand remained the same. Of course there will be a decrease in wages.
Especially true if entrepreneurship being >50% declined over the last 40 years. which is a different issue; mostly a failure of government.