Re:SAT score distributions in Michigan
by rawgabbit on Thursday October 06, 2022 @04:49PM
(#33113909)
After WWII, Europe's industry was effectively destroyed. The USA enjoyed prosperity as it was the only industrial power left standing. The unemployment rate from 1951 to 1953 were 3.3, 3.0, and 2.9 percent. [1]
Anyone who wanted a job got a good paying job. It was possible in those days for the average American to support a household as the sole breadwinner. What is happening now is that those halcyon days are over. Things are more competitive. We have not approached the cut throat levels as they have in South Korea. American jobs today pay less and have less benefits than in the 1950s. We are headed towards a two tier economy. Full time employees with benefits. Gig workers who wander from job to job with no benefits.
Anyone who wanted a job got a good paying job. It was possible in those days for the average American to support a household as the sole breadwinner. What is happening now is that those halcyon days are over. Things are more competitive. We have not approached the cut throat levels as they have in South Korea. American jobs today pay less and have less benefits than in the 1950s. We are headed towards a two tier economy. Full time employees with benefits. Gig workers who wander from job to job with no benefits.
https://data.bls.gov/timeseries/LNS14000000