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Investment Analysis Clubs / Macro Economic Trends and Risks
|Subject: Re: note on non-employment||Date: 9/6/2013 9:57 PM|
|Author: PeterRabit||Number: 433317 of 515656|
From 1950 to 1970 about 60% of the US population had jobs. We don't remember those years as being bad economically.
See Table 4.
I think a bigger clue to our problems is that we have mostly eliminated housework. So in the fifties and sixties all of those stay-at-home spouses were working hard in the house and reducing the need for cash income from the breadwinner.
Now if one spouse loses a job, there is not that much they can do at home productively.
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