Your Parents Must Love You

In a classic example of marginal thinking, cost/benefit analysis, and opportunity cost data has been recently released revealing a surprising increase in time dedicated to child care during the 1990s. It's interesting for two reasons: first it reversed a trend began in the 1960s of shrinking time parents were dedicating to the rearing of their children and secondly, it occurred in a decade when the value of labor was increasing dramatically. The data seems to indicate that college educated adults were willing to sacrifice their income generating hours at an accelerated pace precisely at the point in which they were most valuable. Click on the link above to access the reason for this lunacy and reflect on the balance of work and parenting during your own childhood.