It's not all the fault of feminists, though. Automation, immigration, and the rise of China have all played a big part.
It's not all the fault of feminists, though. Automation, immigration, and the rise of China have all played a big part.
The basic model as she describes it is that since spaces in 'good neighborhoods' and good school districts were fundamentally limited (by space and law), adding a second income to a family did little to increase their wealth - all of the extra earnings were devoted to bidding up a supply-limited resource. Middle class families roughly doubled their earnings but saw almost no benefit for it.
There's further evidence for this claim from the left, too. Piketty discusses overall inequality, but Rognlie persuasively argues that much or all of rising inequality in the US is attributable to skyrocketing land/housing costs. This isn't some trad-con claim that women working is a problem, it's a claim that what should have been a massively positive change for families in the middle class and below was consumed by a certain group of rentiers, resulting in more work without more wealth.
edit: I missed the word 'all' in the last line of the parent to your comment - I thought it simply said "not the fault of feminism". That... changes things quite a bit. This wasn't an inevitable consequence of women working, and the implication that the proper cure would be women not working is hideous. Apologies for the misunderstanding.
How wasn't it? The supply of housing in family-friendly neighborhoods is limited. Increase every family's disposable income and they'll bid up housing prices.
In fact, if you look at the types of jobs women take it's exacerbated even further. The vast majority of women work in cities. Hardly any women work in remote areas. This puts even more upward pressure on home prices in cities.
I didn't say the 'proper cure' is for women to not work. I'm glad so many women are able to live with financial Independence today. My comment needs to be read in context with the article. Women who have reached a point of success in their careers but are obviously unhappy due to not 'having it all'. They've been sold a bill of goods. For women, the ability to work has become the necessity to work.
The supply of housing in family-friendly neighborhoods is limited by the # of family-friendly neighborhoods, which in turn is limited by the number of people having families. As more people have families, there are more family-friendly neighborhoods, and so the supply increases.
[0] http://slatestarcodex.com/2014/07/30/meditations-on-moloch/
Why does economics immediately become a zero-sum game when immigrants are involved? What does China have to do with America's changing culture?
And, due to the way trade works, China's rise has changed how folks in the USA value and purchase goods. I'm sorry if this feels racist to you, but I can't fix you.
People have become waaaay to adept at pulling the victimhood card as soon as something either doesn't fit their narrative or disadvantages them. It needs to stop.
B. Not really sure what China's middle class has to do with America's middle class, but OK.
C. I think the modern leftist victim complex is a load of hogwash and I don't think immigrants are always a good thing.
Immigrants do not add "minimal demand", immigrants drive significant demand and expand communities, for example, bloomberg reporting that gas prices dropping may have a contributing factor that immigrants driving less this summer.
Lastly, our use of technology means that nothing is a zero sum game, we have created industries and growth through the use of various pulses of migrants and they are one of the core pieces of american success.
An migrant worker creates less demand than a native doing the same job, because they're trying to live austerely and remit as much of their income as they possibly can out of our economy and back to their family's. They aren't building out water and power homesteading our uninhabitable scrub, they're living ten to an apartment near the few jobs.
This is ridiculous.
What exactly about GP's comment suggests that they believe that some people are inferior by virtue of their race?