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?

Question

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

Answer 1

Rises in most wages have not kept up with inflation despite huge increases in productivity. The extra wealth that has been introduced to the system has been “taken” by executives at the top.