What went wrong?
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It all went wrong when we let mothers go to work. We let daycares raise the children so mom could focus on their careers. Causing the workplace to be diluted, instead of 50% of the population doing the work and making good wages, everyone is working and worker supply is high whilst wage demand is down. I'm not saying don't educate women or don't let them have careers, but once you're married and you have a kid, you have a new job, you are on an eighteen year hiatus.
Too many workers and not enough jobs? I thought we were having the opposite issue. We can't get good employees where I'm at. Honestly, I think people are just lazy.