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Why it's harder for families to "thrive"

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Why it's harder for families to "thrive"

Blame relative price shifts, not wage stagnation

Matthew Yglesias
Jun 28, 2023
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Why it's harder for families to "thrive"

www.slowboring.com
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In her autobiography, Agatha Christie writes about living in London in 1919 with her husband while expecting their first child. The couple already had a live-in maid but were looking to hire a nanny when the baby was born.

“Looking back, it seems to me extraordinary that we should have contemplated having both a nurse and a servant,” she writes. “But they were considered essentials of life in those days, and were the last things we would have thought of dispensing with. To have committed the extravagance of a car, for instance, would never have entered our minds. Only the rich had cars.”

I thought of this anecdote when I read Scott Winship from the conventionally free market-ish American Enterprise Institute debating a claim made by Oren Cass from the right-populist group American Compass. Cass argues that something he calls the Cost of Thriving has risen over time, and if you review the debate, I think Winship is clearly correct. He at times undermines his position by incorporating some ideas that miss Cass’ point and make the dispute seem more even than it is. But I wrote about a version of this claim back in 2020, and on the key points, Winship is right and Cass is wrong — he counts health insurance incorrectly, for example. The fact that Cass has persisted in some of these errors suggests that the exercise is not on the level.

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