There were so many Baby Boomers that when they entered the market they outcompeted each other for wages, suppressing labor costs. This forced many Boomers to decide that two-income households were the only way to scrape by. That not only depressed labor costs more, but introduced considerable stress into interpersonal relationships, resulting in the Baby Boomers’ high divorce rate. Gen X has attempted to avoid this outcome, to a degree. Gen X is far more likely to have single-income households compared to their elders, as they value their time at least as much as their money.
