October 1st, 2014
In Business
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If you enjoy this article, see the other most popular articles
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, or follow me on Twitter.
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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http://www.vox.com/xpress/2014/9/25/6843509/income-distribution-recoveries-pavlina-tcherneva
February 8, 2022 9:33 am
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