Economics history Assignment Example | Topics and Well Written Essays - 500 words

Economics history - Assignment Example She explains this revolution to be a ‘quit revolution’ which she asserts as a slow and gradual process which didn’t jump by the steps but gradually changed the norms of market economy as well as the social norms and concerns about position of women in economy. As she describes, this change has not been only a part of economical circle instead it has changed the social norms too. However, she mainly focuses on the requirement of elastic labour and availability of various positions that women can easily fulfil. Also, she goes back in history to explore the roots of this revolution in three evolutionary phases which she relates and manifests as the backdraft of revolutionary change. Although, the overall process seems more like a reform, Goldin asserts the final uplifts and change in women employment, education and family as revolutionary. There are number of reasons she sees behind this revolution but mainly the difference of treatment and returns in labour market. The overall change of patterns she sees in the three evolutionary phases which brought women in a position from where increased participation in labour market came to appear as obvious. The deepest root for revolution she find in first quarter of twentieth century where woman played important roles in some limited jobs and tasks. Although, those women were poorly educated and had a very low relative income, yet they became a part of labour market generating considerable returns. Also this phase consisted most number of single woman participating in labour market. Social stigma regarding married woman also paid much to limiting the number of married women in labour market. Goldin explains this period to be the first evolutionary phase: Substantial social stigma regarding the work of wives outside the home existed due in large measure to the nature of the work. Jobs were often dirty, dangerous, repetitive, and long in hours per day and days per week (Goldin). Such situation diminished in