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Always foolish to reduce things to a single variable... but note how well these trends line up
Explosion in female workforce participation helps drive GDP. Makes sense: higher % working, more gross
But as untapped female workforce dries up, and male work declines, GDP flattens
Explosion in female workforce participation helps drive GDP. Makes sense: higher % working, more gross
But as untapped female workforce dries up, and male work declines, GDP flattens
As untapped female labor market maxes out, neoliberals assume we can duplicate permanent rapid growth by bringing in tens of millions of immigrants. This kicks in around 1970, escalates wildly across Millennial generation
...oh
...oh shit
...oh
...oh shit
Now let's add a third trend line
Whoops lol
Whoops lol
To synthesize: increasing workforce participation rate may have worked for neoliberalism: GDP, household income, and real wages increased...
...until they didn't. They exhausted their resources. And adding more immigrants DECREASES workforce participation (as Europe is learning)
...until they didn't. They exhausted their resources. And adding more immigrants DECREASES workforce participation (as Europe is learning)
Meanwhile, here's one of our favorite charts. Don't have the numbers extrapolated back to the 1940s-1970s, peak prosperity, but trust me, it's similar trend lines (e.g. housing costs 70% more than then)
So... neoliberal solutions have made life harder for youths today.
Hmm.
So... neoliberal solutions have made life harder for youths today.
Hmm.
