Re:WTF Happened in 1971? (2019)
by earthboundkid on Monday November 23, 2020 @02:47PM
(#25190864)
Unlike increasing the labor market via immigration or population increase, women mostly live in households with men, so adding them to the pool increases the number of workers, but not the number of households. Employers need to pay enough for it to be worthwhile for the household, not the individual worker. The result is lower wages per worker.
What is very unlikely? I do not understood what you meant.
Moving to a different geography for a substantially higher compensation. The same phenomenon depresses compensation everywhere, so chances are most people won't be able to find compensation that's enough to keep the family going.
> As this would depress salaries everywhere, that's very unlikely.
This part of your comment was super confusing. So much so it seems better in reverse:
>As that's very unlikely, this would depress salaries everywhere.
This drives down the cost of labor. If, to make ends meet, you need two people working, they won't be able to easily move to pursue better employment unless both find employment at the same place at the same time, or that the new offer is significantly better than the previous one. As this would depress salaries everywhere, that's very unlikely.