The 1950s in the USA was boom time because the rest of the world was eith
1. Recovering from wartime devastation
2. Post colonial
3. Under communism
That changed in the mid 60s and 70s when western Europe and Japan caught up. The rest of the world caught up in the 90s.
The halcyon days of 50s aren’t coming back
“The halcyon days of 50s aren’t coming back “
How come real per capita income in the USA has quadrupled since the 1950’s, but people in 2024 just have “unrealistic expectations” about living the same as a blue collar worker back then ?
https://fred.stlouisfed.org/series/A939RX0Q048SBEA/