Women caused the credit crunch (1 Viewer)

guy of the tiger

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http://www.irishtimes.com/newspaper/opinion/2009/0225/1224241774267.html

Working women almost certainly caused the credit crunch

THE ANSWER to all our problems is staring us in the face. It may even be quite literally staring at you, right now, across the breakfast table.
So put the paper down, stare back and ask yourself a selfless question.
Does the woman in your life really need a job?
Admittedly, this is not a fashionable question. From Iceland to Australia, men are blamed for causing the credit crunch, while a more feminine approach to finance is proposed as the solution.
Of course there will always be a place in the world of business for exceptional women. Women also have an important role to play in jobs that are too demeaning for men, like teaching. But the general employment of women is another matter. Indeed, working women almost certainly caused the credit crunch by bringing a second income into the average household, pushing property prices up to unsustainable levels.
Whether working women actually caused the credit crunch is now a moot point. The point is that removing women from the workforce would mitigate its effects.
Consider the issue of unemployment. There were 221,301 men on the live register last month and just under one million women in work.
Surely at least half these women have a partner who is earning? Surely at least half would be happier at home? One half of one half is a quarter and one quarter of a million is roughly 221,301. I think we can all see where this argument is going.
It would be ludicrous to suggest that women should be sacked purely to give men their jobs. In many cases, their jobs should be abolished as well.
Women are twice as likely as men to work in the public sector. They account for two-thirds of the Civil Service and three- quarters of all public employees.
Yet they are barely represented in the useful public services of firefighting and arresting people. Encouraging women to leave the workforce would go a long way towards addressing the budget deficit without any downside whatsoever.
Further benefits of sacking women have been uncovered by the Central Gender Mainstreaming Unit at the Department of Justice. According to its research, twice as many woman as men travel to work by bus and train, potentially halving the impact of cutbacks in public transport. However, it is probable that three-quarters of the Central Gender Mainstreaming Unit’s staff are women, so these figures should be taken with a pinch of salt.
While the economic case for fewer women in the workforce is irrefutable, we should also acknowledge the social advantages. Women make the majority of spending decisions in Irish households and make almost all of the purchases. They are far more likely than men to regard shopping as a leisure activity, far less likely to make savings and investments, and were even almost twice as likely to spend their SSIAs.
In short, women were the driving force behind the greed, consumerism and materialism of the Celtic Tiger years and it was female employment that funded their oestrogen-crazed acquisitiveness.
The time has come to build a more sustainable, equitable and progressive society. Why not make a start by telling your other half to quit her job? She can ask you for the housekeeping on Friday.

heh heh!

FIGHT FIGHT FIGHT!
 
I'd say its a valid point, blown into sarcasm, but i wouldn't blame the ladies, i'd blame the financial institutions for capitalizing on a dual income household, ideally one parent should be able to be home at any given time, but roping dual income into mortgages is sorta an insult to the working family. and it meant celebaters like me couldn't look at house prices for years.
 
I'd say its a valid point

IrishTimes article said:
Written by: Newton Emerson

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To a certain point I agree with this. Having a mortgage that depends on two incomes is crazy shit and definitely hyped up the property market.

Myself and HMD are currently in our second (bought) home. At no time in our lives have we ever considered renting or buying a house that demanded two incomes to finance. When we sold our last house we were offered 140K over our current mortgage but decided not to take it in case we had a baby and/or I was out of work.

I'm self-employed but haven't been doing much work since I had HMB, although in fairness I'm not going mad looking for any. I have come across lots of full time jobs that I could apply for but there's no way I would leave HMB in a creche for ten hours a day.

The downside to not working is being a semi-intelligent person who's only day-time company is a baby and two dogs. It's brain dead stuff and you feel life is passing you by, but you really have to get a grip and prioritise what is important. It's first world problem stuff, there are people who would kill to have the life I have. I have the best boy in Ireland and he gets to spend all day with his mad mammy and his dogs.

The biggest problem for me is guilt, inasmuch as I feel I should be working, should be using my brain, should be contributing. This stems from my own mother, who was an incredibly smart woman, had to leave school at fourteen, had seven children and spent her whole life railing against her lack of opportunities.

I think the title of the article is disingenuous. The credit crunch was caused by people wanting more and more and more. Unfortunately, it became the norm for women/other halves to become vital earners and their income helped to fuel the greed.
 
could you give cheap haircuts to the unemployed in your kitchen? i went to the barbers this morning but i'd happily have gone to your gaff and given you the cash instead.
 
TOP TIP: an ordinary household scissors cuts hair almost as well as the sleeker hairdressers' models, and after purchase can be used several times with no extra expense.

indie kids and their haircuts caused the credit crunch.
 
My only issue with that stupid article is one of quality-control. Be funny, not a watered-down Kevin Myers/John Waters wannabe. Boooooooring. Satire should be good and interesting and that is not. Eat the poor! Eat the rich! In heaven even the tone-deaf sing, making heaven a truly terrible eternal prospect! Etc.

At least we bitches aren't responsible for cancer:

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