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

I was about to link https://wtfhappenedin1971.com/ but someone already did.

One interesting thing to add: Back when they introduced the first tractor, they advertised it with one machine being so productive that the farmer only needs to work 2 hours a day to get the same stuff done that he and his team did in a whole day.

Today, farmers still work 8 hours a day, the economy simply adapted to the fact that the farmer could work 8 hours a day, so now he does.