This suggests that the cost of living adjusted salaries of today is half of what they were in 1960s if two people need to work now versus when only one needed to.
Also immigrating to a country with good social benefits does not solve the need to take care of elders and relatives , which would not benefit from the social system of the country to which you would immigrate
> This suggests that the cost of living adjusted salaries of today is half of what they were in 1960s if two people need to work now versus when only one needed to.
It's that, or people's "needs" (wants really) just got inflated over time.
Most people want to be in a financial situation where they can support more than just themselves.