Another magazine last week delved into what has gone wrong with the economy. I am reading the fulsome article by Steven Brill in Time magazine which is replete with facts and figures showing just what has happened to the nation's economy over the last fifty years.
I'm not sure this article shows the antecedents to the events of 1968-9. However, there is a large history before any stagnation beginning five decades ago.
Nevertheless, it is very worthwhile to point out that wages have essentially remained flat since at least 1973. Thus the expectations of an entire generation for success and fulfillment through the "American way of life," has been seriously stymied.
I'll have more on this important article in an up-date soon.
I'm not sure this article shows the antecedents to the events of 1968-9. However, there is a large history before any stagnation beginning five decades ago.
Nevertheless, it is very worthwhile to point out that wages have essentially remained flat since at least 1973. Thus the expectations of an entire generation for success and fulfillment through the "American way of life," has been seriously stymied.
I'll have more on this important article in an up-date soon.
No comments:
Post a Comment
Thank you for your comment to "The Musical Patriot." Moderation is used on this blog to help prevent spam and other inappropriate messages. Please complete this form so your comment may be processed for possible inclusion on the blog. Thank you for being a reader of "The Musical Patriot!"