We are single income. Mom stays home. We were doing great before Biden, but this Democrat economy has got us teetering on the edge of a cliff now, just like the Carter and Obama years.
Many people competing for the same jobs drives wages down. More than half of households are dual-income households.† This increases the labor pool, which drives down prices.
Ironically, it would seem that, if more families switched to one parent being the primary breadwinner, it would drive up the cost of labor and make single-income households a more sustainable proposition for more families.
The knock-on benefits from the additional time and attention the now stay-at-home or part-time working parents could give their children would have a generationally positive impact on well-being and prosperity.
† Bureau of Labor and Statistics: https://www.bls.gov/opub/mlr/2020/article/comparing-characteristics-and-selected-expenditures-of-dual-and-single-income-households-with-children.htm
Discussion
Lots of respect 🫡
The inflation has really been eating at people's quality of life lately. That and other things, I'm sure.