Starting proposition.
In 1960 40 hours of labour would cover the essentials for two and their children.
In 1980 80 hours of labour were necessary to cover the essentials for two - both partners needed to work
In 2000 80 hours of labour only covered the essentials for two - no children
In 2020 80 hours are necessary to cover the bare essentials
Old saying: two can live as cheap as one.
A partnership is necessary to meet the bare essentials of two.
What started out as an aspiration, a job for both partners, has become a requirement. Two salaries are necessary to support one roof.
Jobs are worth only half what they used to be.
And a lot of people do that.
But it's insidious. No time for relationships.no time for kids. No time to date. So now you have the law of unintended consequences.
Working all these hours and not only are you not getting ahead,but you don't have the spouse you need to actually get ahead. And God forbid you add kids to the mix.
You already see people getting married later, getting that first home later, trying to start a family later.
Humans, for all our individual aspects, perform largely the same way when given the same set of circumstances more often than not.
Run from fire. Hold breath underwater. Suffer in relationships when forced to work too much or are stuck with unsteady work.
And all around the world, France, England, Germany, USA, Japan, Korea, Canada, left, right, center, socialist, capitalist, everywhere and everything in between, we are seeing the same trends. Collapsing birth rates. Couples getting together later. Kids coming later in life, if at all. And generations starting to underperform the ones who came before.
It's like a drag net is being deployed en mass, globally, in every advanced economy, when it comes to millennials and gen Z. And it's not a surprise. Many people here have spoken of it. It's more like people just refuse to listen.