Well, somebody has to pay for Jo Jo’s “boomin’ ‘conomy.”
Pyrric victory for women? Men can no longer support their families on their income alone. Now they have to go to work too.
This can’t be right. Joe Manchin said inflation is coming down, thanks to the “Inflation Reduction Act”.
Therefore what?
“Why not Universal Income?”
It’s true that Bidenomics,as well as poor economic policies in general across several administrations, have contributed to this. But from the vantage point of an old person a lot also has to do with the way we expect to live. Grew up in a working class neighborhood (auto painters, policemen,milk men, etc.) where all the wives stayed home and we were content with,or at least accepted, 1000sf houses,one car, one TV set, one landline phone.There’s nothing wrong with wanting and having all the current stuff,but just saying there is a price.
Awe don’t worry, we won’t run out of money, they will just print more, everything will be fine....
/s
Looks like “education” and “healthcare” are taking ever-increasing portions of our paychecks. And inflation, which isn’t addressed in this graphic.
I don’t think there’s much to show for all the increased spending in education and healthcare. In fact, one could argue that the more we spend, the worse it gets.
Lizann earns seven or eight figures as a top Wall Street stock picker.
Is she hoping for higher taxes?
Asking for more low skill minimum wage foreign workers so we can temporarily live beyond our means?
The Lump of Labour fallacy was touted at the time as the reason doubling the size of the workforce would not depress wages.
Decades later anything and everything is blamed but the obvious elephant in the room.
observation- transport goes from the smallest to the largest consumer expenditure category
what does that imply, if anything?
My bet is the extra costs of child care and transportation and clothing for the second income exceed the second income.