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To: Diana in Wisconsin
While I agree with you, how do we reverse the trend of the current generation of men that want it all and want it now (McMansion, two or more cars, kids, electronic gadgetry) that require two incomes to support?

Actually, the economics would tell you that, since women have expanded the labor market, the purchasing power of a single salary has gone down precipitously. It's a spiral, the more two-income families there are, the less one income will buy.

102 posted on 07/05/2005 7:41:06 AM PDT by AmishDude (Once you go black hat, you never go back.)
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To: AmishDude
since women have expanded the labor market, the purchasing power of a single salary has gone down precipitously.

But this has come about largely because of the increased tax burden since WWII. In real purchasing power, the income of a one-breadwinner family in 1950 is about what it is now for a dual-income family.

125 posted on 07/05/2005 7:51:59 AM PDT by Aquinasfan (Isaiah 22:22, Rev 3:7, Mat 16:19)
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To: AmishDude; All

"Actually, the economics would tell you that, since women have expanded the labor market, the purchasing power of a single salary has gone down precipitously. It's a spiral, the more two-income families there are, the less one income will buy."

I find that very interesting. Where did that data come from? On one hand, it makes sense, but how would an expanded workforce, whether it were men or women holding the jobs, cause our purchasing power to decline?

I think there's not enough money in two-income homes due to the "wants" I elaborated on above, and the fact that there's less saveable or debt-reduction income to go around because that second income also has to cover things like daycare for the kids, work wardrobe, maybe a second vehicle, extra payroll and income taxes, after-school care for the kids, more expensive convenience foods rather than cheaper home cooking, lunches away from home, an extra bottle of Scotch for the "weekend recouperation period," etc.

When I sat down and crunched the numbers, it was absolutely NOT worth the time and money for me to work fulltime outside of the home; and I was making really good money. I was getting burned out when my son hit Junior High age, and he was struggling in school, so that's when I quit my Corporate Career to be a SAHM/Classroom Mom. I know I stated earlier that I would never live off of another person's earnings, but I did make the exception for those few years there when the kid needed an extra helping hand and we lived on DH's income alone. I was basically working for FREE when there were more important matters at hand, which was the STUPIDEST thing I ever did, LOL!

Wonder how many millions of second-earners are doing the same right this minute? Hey you Cubicle Dwellers! Crunch the numbers and go home if you can. ;)


429 posted on 07/05/2005 12:27:16 PM PDT by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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