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(Reblogged from pegobry)
Child-rearing is basically stick stuck in a kind of dark ages of artisanal production, but as market wages have risen the opportunity cost of this extremely labor intensive line of work has steadily increased. The implication is that societies that want to continue existing in the future are increasingly going to have to find ways to subsidize parental investment in the next generation.
Matt Yglesias, The Bleak Economics Of Parenting (via pegobry)
Procrustean, popularized contortion of economic terms, salted generously with typos. Ladies and gentlemen, Matthew Yglesias!
