>Still, this makes my case even stronger since personal controls for adding more earners to a household. If real median personal income only rose from ~$28k in 1974 to ~45$k today, that's a 60% increase.
Labor force participation rate for both males and females has basically been flat for the past decade, so the recent discontent about "costs are all increasing while wages are stagnant or worse" is still unsupported. Moreover the 1970s was never an era of stay at home moms. Female labor force participation rate was already 45%, against around 78% for male. It also topped out at around 60% (so basically 15% increase, max) with the rate for males dropping.
Labor force participation rate for both males and females has basically been flat for the past decade, so the recent discontent about "costs are all increasing while wages are stagnant or worse" is still unsupported. Moreover the 1970s was never an era of stay at home moms. Female labor force participation rate was already 45%, against around 78% for male. It also topped out at around 60% (so basically 15% increase, max) with the rate for males dropping.
https://fred.stlouisfed.org/series/LNS11300002
https://fred.stlouisfed.org/series/LNS11300001