Another interesting thought is that throughout most of history, when polygamy was practiced, the financial implications of multiple wives made it impractical for most, since the general household arrangement throughout history was the husband worked and the wives were at home. Nowadays, when polygamy is mostly phased out, for the last few decades with most wives working, the financial implications of having multiple wives have essentially reversed, and a family with multiple working wives could do better financially and have more income and earnings potential than a family with only one wife.
It’s interesting (buckle your seatbelts, since I know some of you are going to get conniptions and start posting a flurry of angry replies), since with the shidduch crisis being mainly an issue of not enough single men and too many single women, ending the Cherem may be a viable solution.