Re:The boss who put everyone on 70K
by nbp160130 on Friday February 28, 2020 @03:00AM
(#22441249)
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.
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On 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.