I agree with you on your concerns about inflation. Personally though I think there is this (unhealthy?) competitive culture in America that would drive people to work the same amount.
It's like comparing now to the 50s. Almost all our households are dual income now. Surely that means each parent would work half as much, right? Nope. People are too busy competing on how fancy their houses are and therefore drove up housing prices sufficiently high that in many cities two middle class incomes are now necessary to swing the mortgage payments.
It's like comparing now to the 50s. Almost all our households are dual income now. Surely that means each parent would work half as much, right? Nope. People are too busy competing on how fancy their houses are and therefore drove up housing prices sufficiently high that in many cities two middle class incomes are now necessary to swing the mortgage payments.