Friday, 27 February 2009

Working women almost certainly caused the credit crunch

This is a brilliant article from the Irish Times:

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.

...

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.

3 comments:

HolfordWatch said...

Pure class these bar-room enconomists.

Might I suggest this excellent talk by Elizabeth Warren that would put the lie to many of those factoids?

pj said...

I believe the piece is a joke - the author is Newton Emerson of the Portadown News.

LemmusLemmus said...

After having read Bad Science quite a bit recently, it is nice to see that something which sounds like a parody actually is a parody.