Not sure how you think a couple hundred thousand women leaving the work force due to childcare issues is going to lower housing cost?
>> But there are reasons to be concerned about women leaving the workforce. Without two salaries, many families struggle to afford basics like housing, food, and transportation; they have less money to spend, which means less money circulating in the economy. Their health care and other benefits are more precarious in an economy where only one partner works. Economic growth has slowed in the first half of the year; in the long term, slowing growth worsens people’s standard of living.
People are already delaying having kids, if they want them at all. They are unable to create the standard of living they want to stabilize a family in and can't do it until they are older. This only creates hardship for families now. The only group this is a long term win for are the ones that champion a declining population as better for the planet and the human condition. Not for your home prices and certainty not for the families directly affected by it now from losing that income.
The rise of dual income households increases total household income, allowing couples to qualify for larger mortgages. As more buyers can service bigger debts, demand for housing at higher prices rises. The increase in borrowing capacity generates an arms race, driving up house prices over time.
Ultimately buyers set prices, not sellers. Thus a trend of households having less ability to incur larger debts should, over time, lead to greater housing affordability.
It’s a stark number: 212,000. That’s how many women ages 20 and over have left the workforce since January, according to the most recent jobs numbers released Aug. 1 by the Bureau of Labor Statistics. (By contrast, 44,000 men have entered the workforce since January.)
The use of “entered” and “left” is confusing to me, are they comparing apples and oranges or net job gains and losses. Presumably some women entered the workforce during this time and some men left right?
As a wage earner, this delights me.
The rise of the dual income household led to the rise of the dual income mortgage, which has been catastrophic for housing affordability.
> this delights me.
Not sure how you think a couple hundred thousand women leaving the work force due to childcare issues is going to lower housing cost?
>> But there are reasons to be concerned about women leaving the workforce. Without two salaries, many families struggle to afford basics like housing, food, and transportation; they have less money to spend, which means less money circulating in the economy. Their health care and other benefits are more precarious in an economy where only one partner works. Economic growth has slowed in the first half of the year; in the long term, slowing growth worsens people’s standard of living.
People are already delaying having kids, if they want them at all. They are unable to create the standard of living they want to stabilize a family in and can't do it until they are older. This only creates hardship for families now. The only group this is a long term win for are the ones that champion a declining population as better for the planet and the human condition. Not for your home prices and certainty not for the families directly affected by it now from losing that income.
The rise of dual income households increases total household income, allowing couples to qualify for larger mortgages. As more buyers can service bigger debts, demand for housing at higher prices rises. The increase in borrowing capacity generates an arms race, driving up house prices over time.
Ultimately buyers set prices, not sellers. Thus a trend of households having less ability to incur larger debts should, over time, lead to greater housing affordability.
It’s better for kids too. I’m not even saying that it needs to be the mother, but it’s better if someone can stay home to raise the children.
https://archive.ph/egxbp
TLDR: RTO & lack of flexibility, fewer federal dollars for childcare, childcare labor force issues due to immigration enforcement
and extreme wealth in the hands of a few. You can look it up easily, the Federal Reserve has all the numbers
here is one table
https://www.federalreserve.gov/releases/z1/dataviz/dfa/distr...
If you are in the bottom 50% it's like being in the bottom caste of India
It’s a stark number: 212,000. That’s how many women ages 20 and over have left the workforce since January, according to the most recent jobs numbers released Aug. 1 by the Bureau of Labor Statistics. (By contrast, 44,000 men have entered the workforce since January.)
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