Over the past 20-30 years, what changes have occurred that now make it necessary for many households to have two incomes to stay afloat?
In: Economics
**Everything is digitized**
Information became extremely cheap.
Skills became cheap and accesible to aquaire. **If something is easy, it is worthless**
Women instead of child rearing choosed carees driving competition on job market even highter. Lesser pressure on men to earn for two adults and some children made men to accept lower wages ( because rest will provide my wife)
**Noone invests** to actually benefit from increasing productivity, people just spend money on immiediate dopamine, so increasing productivity becomes only cost savings for company OWNERS
If something makes money it will cost money, and housing/ runnig watter and electricity have very stiff price function( demand do not decrease much with rising prices). Those things belong to people who had very ez access to actives when they were cheap (Boomers)
**International competition** with better/cheaper products became more prominent,
**Globalisation** unified local markets into bigger clusters where competition was severly higher, driving prices and wages down
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