6 ms·
This is measuring household income, not individual income. Real household income isn't increasing because wages are rising, it's increasing because more people
by nbp160130 7y ago
This is measuring household income, not individual income. Real household income isn't increasing because wages are rising, it's increasing because more people in a household are working.
- eru 7y agoOn the other hand, household sizes have decreased. (Though not sure about workers per household.) > [...] it's increasing because more people in a household are working. More people are working outside the house and participating in the market economy. Women worked before, domestic chores don't show up in these statistics. Presumably they produce a lot more working outside the house: to estimate a monetary value of what they did before compare with the prevailing wages for nannies and housekeepers.