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Showing posts from October, 2009

The Great Reversal

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It's been a while since I've had the time to add to the blog. Thanks to everyone for their patience and hopefully it was worth the wait.

Sometimes changes occur occur quickly and other times they seem to happen in geologic time. The later are usually referred to as secular changes and the former as cyclical, at varying degrees of trend. The distinction is somewhat arbitrary and depends on the perspective of the observer. Being admittedly human ourselves, we will generally refer to a trend playing out over a generation or longer as secular but many brilliant minds will refer to even longer-term trends as cyclical - such as the Kondratieff Wave Cycle. With that definition in mind let's move on to the subject of today's blog entry.

The Big ShiftOver the last two generations we have seen an enormous shift in social attitudes and structure, with women and especially married women entering the job market. This shows up in many ways in the labor statistics but the most stable m…