Also fractional Reserve Lending + mortgages results in a raise in property costs compared to full reserve Lending only or not being allowed to get home loans or stricter loan requirements
@shortstories @bebe yes the HUGE injection of migrants into the labor market destroyed wage, it was already bad enough man had to compete with woman
@shortstories @bebe now add huge injection of migrant, at a time, and wages lower cuz there's an ocean of workers to replace does who leave.
@RodrickSage @bebe
Let's say we presume monogamous marriages as the typical default
Let's say in the past only a husband would work 40 hours per week
What if we have the husband and wife work 40 hours per week each for a total of 80 hours per week
But pay them half as much per hour
Then as a couple they are working more total combined hours but not getting paid more money