Problems in the USA economy started in 1954

(written by lawrence krubner, however indented passages are often quotes). You can contact lawrence at: lawrence@krubner.com

I already knew that 1958 marked the beginning of some inflection point, where the wages of young males began to flatline, a fact which brought the Baby Boom to an end. But I am surprised to see that problems in the USA economy were already taking shape as early as 1954:

We all know that Joseph McCarthy’s attack on the labor unions had big political effects, but here we see that it also had big economic effects.

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