Author Topic: Elizabeth Warren is right..women should stop working  (Read 1245 times)

rukawa

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Elizabeth Warren is right..women should stop working
« on: February 16, 2020, 06:24:59 AM »
Warren wrote a pretty good book before here candidacy that well described by Vox here:
https://www.vox.com/policy-and-politics/2019/1/23/18183091/two-income-trap-elizabeth-warren-book

Her point is that the entry of women into the workplace largely screwed over the middle class. She points out some effects:

Quote
The addition of a second earner means, in practice, a big increase in household fixed expenses for things like child care and commuting.
Much of the money that American second earners bring in has been gobbled up, in practice, by zero-sum competition for educational opportunities expressed as either skyrocketed prices for houses in good school districts or escalating tuition at public universities.
Last, while the addition of the second earner has not brought in much gain, it has created an increase in downside risk by eliminating an implicit insurance policy that families used to rely on.

But there is a lot she doesn't discuss because she is only looking at financial effects. There are additional effects:

- women working increases the workload of both spouses by 50% since in addition to there jobs they have household responsibilities
- the dual income results in an enhanced materialism, consumption and keeping up with the Jones effects which reduces financial cushions. When you combine this with the demise of defined-benefit pensions, it puts people in a precarious situation. For instance how many working women do you see carrying Louis Vuitton purses?
- due to the additional stress from precarious finances, a greater workload and keeping up with the Jones there is a greater chance of divorce.

The end result of all this is desperate lonely people without family supports, no financial cushion and having wasting the best year of their lives filling out TPS reports.


ERICOPOLY

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Re: Elizabeth Warren is right..women should stop working
« Reply #1 on: February 16, 2020, 07:37:45 AM »
Warren wrote a pretty good book before here candidacy that well described by Vox here:
https://www.vox.com/policy-and-politics/2019/1/23/18183091/two-income-trap-elizabeth-warren-book

Her point is that the entry of women into the workplace largely screwed over the middle class. She points out some effects:

Quote
The addition of a second earner means, in practice, a big increase in household fixed expenses for things like child care and commuting.
Much of the money that American second earners bring in has been gobbled up, in practice, by zero-sum competition for educational opportunities expressed as either skyrocketed prices for houses in good school districts or escalating tuition at public universities.
Last, while the addition of the second earner has not brought in much gain, it has created an increase in downside risk by eliminating an implicit insurance policy that families used to rely on.

But there is a lot she doesn't discuss because she is only looking at financial effects. There are additional effects:

- women working increases the workload of both spouses by 50% since in addition to there jobs they have household responsibilities
- the dual income results in an enhanced materialism, consumption and keeping up with the Jones effects which reduces financial cushions. When you combine this with the demise of defined-benefit pensions, it puts people in a precarious situation. For instance how many working women do you see carrying Louis Vuitton purses?
- due to the additional stress from precarious finances, a greater workload and keeping up with the Jones there is a greater chance of divorce.

The end result of all this is desperate lonely people without family supports, no financial cushion and having wasting the best year of their lives filling out TPS reports.

And this would be fixed if their husbands quit.

stahleyp

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Re: Elizabeth Warren is right..women should stop working
« Reply #2 on: February 16, 2020, 09:12:51 AM »
A lot of the costs for houses is at least partially related to low interest rates. I can (almost) promise you that if interest rates went back up to 10%+ there wouldn't be nearly as many $1 million+ homes.

A big reason that educational costs have been increased is due to government involvement. If the government got of student loans, schools would have to decrease costs. There is no longer a lender with no limits.

I'll say that my wife's work is far, far more important than anything that I do in my line of work.
Paul

DTEJD1997

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Re: Elizabeth Warren is right..women should stop working
« Reply #3 on: February 16, 2020, 01:07:25 PM »
This is certainly one of the MANY ways that Western Civilization is throwing everything away.

Perhaps instead of women NOT working, they reconsider HOW/WHEN they work.  For example, work when young.  When the time comes to START a family, they drop out of work force entirely.  Wait a few years...when their child(ren) are in school, then re-start working part time.  Wait some more, and when children are in high school, then go drastically increase hours.

If everybody is working, who is going to raise the children?  the next generation?  Daycare workers with minimal education, minimal training, minimal motivation? 

I know an attorney who had a child, took a few months off, then her child is going into daycare full time at less than 1 year old.  She is not going to be raising her child, she is largely outsourcing it.  I hope I am wrong, but I don't see a good outcome there.

Then you've got the problem of single parent households.  This is a disaster of biblical proportions.  Sometimes single parent households are simply un-avoidable, but this should be the last resort and something that is unusual, NOT the default setting. 

Western society needs to think where we are headed, and make some difficult decisions.

 

rukawa

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Re: Elizabeth Warren is right..women should stop working
« Reply #4 on: March 04, 2020, 08:39:21 PM »
Warren wrote a pretty good book before here candidacy that well described by Vox here:
https://www.vox.com/policy-and-politics/2019/1/23/18183091/two-income-trap-elizabeth-warren-book

Her point is that the entry of women into the workplace largely screwed over the middle class. She points out some effects:

Quote
The addition of a second earner means, in practice, a big increase in household fixed expenses for things like child care and commuting.
Much of the money that American second earners bring in has been gobbled up, in practice, by zero-sum competition for educational opportunities expressed as either skyrocketed prices for houses in good school districts or escalating tuition at public universities.
Last, while the addition of the second earner has not brought in much gain, it has created an increase in downside risk by eliminating an implicit insurance policy that families used to rely on.

But there is a lot she doesn't discuss because she is only looking at financial effects. There are additional effects:

- women working increases the workload of both spouses by 50% since in addition to there jobs they have household responsibilities
- the dual income results in an enhanced materialism, consumption and keeping up with the Jones effects which reduces financial cushions. When you combine this with the demise of defined-benefit pensions, it puts people in a precarious situation. For instance how many working women do you see carrying Louis Vuitton purses?
- due to the additional stress from precarious finances, a greater workload and keeping up with the Jones there is a greater chance of divorce.

The end result of all this is desperate lonely people without family supports, no financial cushion and having wasting the best year of their lives filling out TPS reports.

And this would be fixed if their husbands quit.

EVEN BETTER!! IF women were willing to love and marry unemployed, uneducated men I would be all for it. The problem is they don't:
https://www.inc.com/minda-zetlin/marriage-mismatch-husbands-wives-earnings-education-jobs.html
https://www.huffingtonpost.ca/2018/06/28/online-dating-study_a_23470191/

« Last Edit: March 04, 2020, 08:49:09 PM by rukawa »