Feminism has caused an unsustainable economic situation in America
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Due to the policies and practices that have been adopted because of the feminist movement the American economy is on a crash course with disaster.
cause:make (something, typically something bad) happen.
the advocacy of women's rights on the grounds of political, social, and economic equality to men.
either continent (North America or S. America) of the western hemisphere
Pro has BOP
Feminism has led to the eventual downfall of the American economy in these three ways:
1. Oversupply of the job market
2. Increase in consumer debt spending
3. Destruction of the American family
Few people will argue that second wave feminism is mainly responsible for convincing and allowing women to start entering the workforce in larger numbers. According to data from the US census female employment doubles from 1960 to 1980. Participation of women in the workplace went from 30% of total female population in 1947; to 59% of the total female population in 2009. Considering the ratio of male to female in America stayed roughly the same over that period, it"s quite a substantial increase. Although there was a huge growth in the population of female laborers, male labor population continued to grow at around the rate of population growth. This shows that the main factor of the increase of employees in the job market was due to the entrance of women because of second wave feminism. Of course some of the increase is explained by population growth and there was a boom during these periods due to economic success and expansion. It"s clear from the data however that the main cause of an over-saturated job market from the 1970"s onward was due to women entering the marketplace because of influence by second wave feminism. A woman working is capable of holding jobs or performing jobs at comparable levels to men; the main issue stems from an oversupply of employees without enough positions to be filled. Of course anybody who has taken a basic economic course understands the principles of supply and demand. If there are more people looking for jobs then available jobs, then the amount that those jobs will pay will decrease because employers have more employment options and can easily fill their positions with the same experience for a lower rate. Thus the job market of oversupply that developed from second wave feminism from the 60"s till now has favored the employers. This is a big factor of why income has stagnated from around the 1970"s till now. Part of why we didn"t see the impact of the increased labor market until the 1970"s was because America was on a hot streak. Our GDP and productivity had been skyrocketing until the stagnation of the 1970"s. When our growth began to stagnate then we started to see the income of employees drop off as companies had to cut costs more in order to make the same profit.
When wages were lowered, Americans had to adjust to their new level of living. Of course with human nature being what is, and consumer debt being so readily available; people began to accumulate debt with their new lines of credit. Gross public debt was practically nonexistent until the 70"s. Cleary the tapering off of national growth and the oversaturation of the job market caused by the movement of second wave feminism led to a strained national budget. Unfortunately rather than adjusting accordingly the government kept their spending at roughly the same percent of GDP from the 1950"s to the present. Americans then started to realize their current lifestyles were unmanageable. Did they reduce spending and start making more fiscally responsible choices? Nope. Due to the combination of second wave feminism which was encouraging women to get out of the house and pursue a career and the failing wages of Americans, many families switched to a two income family model. They found that they could keep their current lifestyles without having to accumulate as much and debt and everyone was happy. Of course this led to even more oversaturation of the job market because women who used to be getting married and dropping out of the labor force to raise their kids, often decided they would rather pursue their career and hire a nanny with their extra income. In addition to the two income model, it was more common than ever for females to take over the family budgets. When men and women"s spending levels were compared by research from bank rate, they discovered that 11% more of men had more savings then debt. They found that women were more comfortable with their savings than men even though they felt worse off financially. Over their lifetimes they found that men save 75% more. This is a huge deal when it comes to the consumer debt build up that has led us to the bubble economy we are in today. This continued to rack up consumer debt.
As the government continued to rack up debt they realized that something needed to be done. They started a process called quantitative easing or QE. In simple terms, QE is where the federal bank creates money to buy back government bonds. This lowers the interest rates and allows protection from the government defaulting on their loans. There"s no such thing as free money of course, and this led to an increase in the money supply. When you have an increased money supply this naturally leads to inflation since money can"t hold the same value if there is more of it. When we had the crash in late 2007 it was due to the current bubble economy. People had convinced themselves that housing prices would continue to go up. It didn"t matter how bad the loan they received was because in a few years they would have gained enough equity in their houses to pay it back and then some. The government, desperate to prevent a recession since it is always bad politics, began to combat it with QE to beef up the money supply. Eventually all the extra money in the economy leads to high inflation which caused the market to crash. After the crash they began QE again in order to get low interest rates and stimulate the economy. In short it becomes a vicious circle of delaying a recession and kicking the can down the road. The downside of this policy of course is that when the recession occurs it will be much worse than if they had let the recession happen naturally. This is why the current economic system is unsustainable and will eventually crash and crash hard. You cannot print an endless supply of money without negative consequences, or we would never pay taxes and nobody would have to work. This current economic system came about mainly due to the oversupply of the job market that was created and continued to be created by feminism"s success of adding women to the marketplace.
It would be hard to find someone who would not agree that feminism has at least contributed to the destruction of the American family. Before second wave feminism convinced women that maintain a career was important, the American family seemed to be flourishing as it always had. This ideal of individualism and women independence that was spread through both the second and third wave movements of feminism, has led many women to place their careers over their families. The two income family model that developed ended up becoming the social norm. This further worsened the problem of oversaturation in the job market. The other major economic issue that developed was single mothers. Single mothers were often unable to earn enough to support their lifestyles and provide for two, so the government had to provide assistance for them. This led to more social programs because of increased need of households. Laws were also passed which allowed women to give up their children to the state in order to avoid infanticide. Of course this led to more financial burden on the state and increased government spending.
Feminism=> Women entering workforce=> Oversupply of job market=> American family=> Increased consumer debt and borrowing=> Government Debt=> Printing of money through QE=> Bubble Economy => Economic collapse
Sources: (Ran out of space) Will include in comments
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