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The last paragraph is the only relevant one. We can still produce more goods and services with single earner families than we could in the 1950s. But far more
by jimbokun 7d ago
The last paragraph is the only relevant one.
We can still produce more goods and services with single earner families than we could in the 1950s. But far more of that productivity goes to capital, resulting in multiple earners to support the same standard of living,