> You are drastically increasing families' spending power and discretionary income = inflation.
At the cost of decreasing their mobility, which prevents them from competing in nationwide labor markets, pushing down local market labor cost.
At the cost of decreasing their mobility, which prevents them from competing in nationwide labor markets, pushing down local market labor cost.
Of course, when you double the supply of something, the price drops, which could partially explain stagnating wages. But in the early post-WWII decades it was a big win. Nowadays the negative consequences of moving away from traditional family roles are more obvious.