Up until Reaganomics hit, ‘Middle Class’ was defined as one Union job supporting a family of four. In 1980, $1 million was still considered a vast fortune. By the time Bush Sr. left office, middle class was two jobs to keep the house going, and $1 million was what a rich guy paid for a party.
So you remember that American housewives started looking for jobs in big numbers after the Oil Crisis of 1972. Before that, only the poorest people needed two jobs.
Dagwood222@lemm.ee 1 year ago
Up until Reaganomics hit, ‘Middle Class’ was defined as one Union job supporting a family of four. In 1980, $1 million was still considered a vast fortune. By the time Bush Sr. left office, middle class was two jobs to keep the house going, and $1 million was what a rich guy paid for a party.
Hikermick@lemmy.world 1 year ago
I was an adult in the mid 80’s. I was there
Dagwood222@lemm.ee 1 year ago
So you remember that American housewives started looking for jobs in big numbers after the Oil Crisis of 1972. Before that, only the poorest people needed two jobs.