2 You Call This a Good Economy
这能称之为上佳经验
1 You have to have lived in the 1950s and 1960s to have experienced a good economy. In the period between 1950 and 1970 it was the rulerather than the exceptionthat an ordinary family, without higher education, could sustain itself decently on the income of a single breadwinner(养家糊口的人). In 1955, when I was 19 and living in Brooklyn, N. Y., my father, who had a sixth-grade education, maintained our family of five on a wage of $82 a week as a bookbinder. My mother taught us fairness and compassion; my father, discipline and enterprise.
2 The U. S. economy in those years was good. Then where did this good economy go? It was inflated away. The price of gold, which I take as proxy for the prices of all goods, was $35 an ounce in those years. It is at roughly ten times that price today.
3 There is another answer, though: inflation caused the entire work force to be moved into higher tax groups, thus reducing after-tax purchasing power. That is, my fathers bindery job in1954 paid $82 a week, with $80 after deductions; today, at $ 820 per week the net would be $662.
4 To ordinary people, the economy doesnt look very good at all. After-tax incomes continue to decrease in purchasing power. The jobs offered in the employment ads pay only a little more than the minimum wage, maybe $5 an hour, which, after payroll deductions, yields $4 an hour. Compare that with minimum-wage jobs of the early 1950s, when 75 cents was worth todays $7.50 before and after taxes.
Notes
1 Brooklyn: a district of New York city
2 inflate:通货膨胀
3 proxy: the authority to act for another
4 payroll: a list of employees and the wages due to each
上一篇: 六级考试阅读的考前练习(5)
下一篇: 六级考试阅读考前的练习(3)
一年级英语下册Unit2 Small animals第三课时教案
沪教牛津版小学英语一年级上册 unit9 教案
苏教版牛津小学一年级英语教案Unit1 What`s your name
上海牛津版一年级英语下册教案Unit9 Revision(3)
一年级英语Module1 unit6 Mid-Autumn Festival教案
新课标小学英语第一册期末考试百词范围
上海牛津版一年级英语下册Unit9 Revision第一课时教案
沪教牛津版小学英语一年级上册 Unit3 period2教案
一年级英语上册Unit1 My classroom第三课时教案
沪教牛津版一年级英语上册教案Unit1 My classroom第二课时
上海牛津版一年级英语Unit2 Small animals第四课时教案
一年级英语下册Unit2 Small animals教案2
新起点小学一年级英语下册Unit11 Toys教案
沪教版小学英语一年级下册教案unit1课时4
上海牛津版一年级英语下册Unit2 Small animals第五课时教案
沪教牛津版小学英语一年级上册 Unit 3 第二课时教案
牛津版一年级英语上册Unit 2 Good morning 教案
一年级英语教案Module1 unit6 Mid-Autumn Festival
新起点小学一年级英语教案Unit7 Fruit
沪教版小学英语一年级下册教案unit1单元分析