Gendered Change: 150 Years of Transformation in US hours

https://cepr.org/voxeu/columns/gendered-change-150-years-transformation-us-hours
SOCIETY
Issue #404
7 Jul 2024
The entry of women into the workforce of the market economy is the single most important factor driving economic development at country level. Surging new workers into the economy means cost of employment goes down, new consumers are created, new demands from those consumers leading to new industries servicing those consumers. The price paid down the road is demographic crisis as dual income families struggle to find the time, space or material circumstances to raise future workers, hence need for the short term fix of immigration. Perhaps AI job disruption might turn out to be inadvertent saviour of humanity? I haven’t seen anyone advance this case for techno-optimism so maybe I’ll do it.