it really blows your mind. I think the nay-sayers are missing the point of this article - it doesn't matter if you are sympathetic to the family. You have to remember that the higher paying job isn't creating 2x the economic output - her choice to take the lower paying job means that:
There is one fewer position making $120K
There is one more position making $60K
Now consider this: the $120K position is much more likely to be a management position, which, if done well, could create several $60K positions, lets say 3. This means that for the economy as a whole, there is one less $120K position and TWO fewer $60K positions.
http://reason.com/archives/2006/03/01/why-poor-countries-are...
it really blows your mind. I think the nay-sayers are missing the point of this article - it doesn't matter if you are sympathetic to the family. You have to remember that the higher paying job isn't creating 2x the economic output - her choice to take the lower paying job means that:
There is one fewer position making $120K
There is one more position making $60K
Now consider this: the $120K position is much more likely to be a management position, which, if done well, could create several $60K positions, lets say 3. This means that for the economy as a whole, there is one less $120K position and TWO fewer $60K positions.
In my opinion this is very scary.