News for hackers. Stuff that matters.
Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by Majromax on Sunday April 14, 2024 @08:50AM (#40030740)
> That's missing forest for the trees. The more important part is that average 3.7 people household was a single-income one.

That's not necessarily true. Per FRED (https://fred.stlouisfed.org/series/LRAC25FEUSM156S), in 1963 about 44% of women aged 25-55 were in the workforce. That's obviously much lower than the ≈96% rate for men, but it implies that the average couple had closer to 1.4 incomes. The comparable rate based on today's labour force participation rates would be about 1.66 incomes.

The single-income family may have been the norm, but it was far from a rule. I think that our popular perception of life in the 60s has been filtered through media portrayals, which all tend to reinforce ideals as commonplace norms.

Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by IG_Semmelweiss on Sunday April 14, 2024 @12:18PM (#40032202)
You are also assuming that 100% of those 44% were in a relationship.

We just dont know what % of those were single mothers, widows, divorcees or single women, etc.

Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by Teever on Sunday April 14, 2024 @09:42AM (#40030977)
What's the definition of 'in the work force'

Is a child with a paper route 'in the work force?'

Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by tonymet on Monday April 15, 2024 @01:08PM (#40043125)
44% of women were not working full-time