Re:Google boss warns 'no company is going to be immune' if A...
by moduspol on Wednesday November 19, 2025 @11:49AM
(#45981767)
> Was there some hidden sector of society that suffered considerably more then now?
The common theory I've heard is that the rest of the developed world was still recovering from WW2.
Re:Google boss warns 'no company is going to be immune' if A...
by solace_silence on Wednesday November 19, 2025 @05:10PM
(#45986000)
That is a common explanation, but it kinda implies the world just sat on its hands for 20 years after WWII. I suspect it's just a distraction from the high tax rates and relatively progressive policy at the time, to instead say "it can't happen again".
Re:Google boss warns 'no company is going to be immune' if A...
by duped on Wednesday November 19, 2025 @11:59AM
(#45981896)
You're going to have a difficult time arguing that the economy was good for white men in the 1960s because it was bad for everyone else. Prosperity is not zero sum.
Perhaps it has more to do with the lower ratio of people crippled by household debt to pay for housing, healthcare, and education. There's nothing more K-shaped than debt, which is a lever for those with wealth and a weight for everyone else. It's a combination of bad policy and greed that put us where we are.
The answer that immediately springs to mind is that women, ethnic minorities, and the urban poor all did relatively badly in the 1960s. With the latter two categories, for every apple pie home with a sedan and two kids there were umpteen other drafty tenement flats with malnourished families sharing a bedroom:
British tenements
https://www.theguardian.com/artanddesign/gallery/2021/feb/02...
NYC tenements
https://www.nypl.org/blog/2018/06/07/tenement-homes-new-york...
It’s not one thing or another — many factors have contributed to what feels like change this way or that over the years — but I try to never forget just how abominably crap life used to be for quite a lot of people, and just how much better it is these days.