For years, I've been directing readers' attention to the backward-bending labor supply curve and the Say Aggregation Principle as suggesting a change in the labor force participation habits, particularly for higher income individuals or households.
I wonder, though, whether some of the discouraged workers of the ongoing Great Reset are using the straitened economic circumstances as occasion to say no to the most demanding employers.  What's the point of doing the work of four people for twelve hours a day on half your previous salary if "downgrading your expenses" doesn't rule out Internet access or a functioning car or clothing for the kids?
This American Interest discussion of the reduced labor-force participation of "elite women" does not suggest I should rethink my hypotheses.
So while the surveys might seem to vindicate the conservative view that many women would opt for part time work or full-time motherhood if given the choice, they also highlight the fact that this choice is not actually available to the majority of the population—in part because of economic inequality and the lack of social support for low-income mothers. And while they might seem to vindicate the feminist view that true parity in the workplace will come about through government intervention and cultural reform, this view is complicated by the fact that even the most high-achieving women, with the most resources at their disposal, in the most socially progressive generation in history, are planning to put their careers on hold to care for their children.
It's precisely along the upper reaches of the offer curve that the income effect begins to dominate the substitution effect.  And the bourgeois conventions of Mom, Dad, and the kids are more likely to be honored among, well, the bourgeoisie.  Thus, as stuff becomes relatively cheaper ...
Ultimately, the survey data support the narrative Charles Murray put forward in his 2012 blockbuster book, Coming Apart: that the cultural habits of privileged Americans are looking less and less like those of Americans in the working and middle classes. Whether you are a libertarian or a liberal, a feminist or a conservative, that trend should be a cause for concern.
Reason, apparently, for me to stick to my stances that the common schools ought be inculcating bourgeois habits and that the trendy cult of authenticity is enabling dysfunctional behavior, to the disadvantage of the authentically poor.

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