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Old 11-18-2013, 11:29 AM
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Did crushing unions and trickle down economics work long term?

Here is a very well researched article going over the history of the last 40 years and giving a pretty good picture of how we got here.


So was the America of 1947–1974—the America of the boomers’ youth—the great exception in the nation’s economic history, a golden age that came and went and can never come again? Were the conditions that led to the postwar boom and its egalitarian prosperity so anomalous that the American economic success story will continue to recede in our rearview mirrors? Are the forces of globalization and robotization inevitably going to raise the incomes of the few and depress the incomes of the many?
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