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: 六级考试阅读考前练习3
下一篇: 六级考试阅读备考课堂笔记39
重庆市2014高考英语阅读理解一轮(精品)训练题(6)附答案
四川省2016届高考英语一轮复习课时作业(28) Module 4 Carnival 外研版必修5
体坛英语资讯:Aldridges season-high 33 help Spurs throttle Bulls
重庆市2014高考英语阅读理解一轮(精品)训练题(10)附答案
四川省2016届高考英语一轮复习课时作业(48) Module6 The Tang Poems 外研版选修8
重庆市2014高考英语阅读理解一轮(精品)训练题(20)附答案
重庆市2014高考英语阅读理解一轮(精品)训练题(2)附答案
重庆市2014高考英语阅读理解一轮(精品)训练题(22)附答案
四川省2016届高考英语一轮复习课时作业(25) Module 1 British and American English 外研版必修5
四川省2016届高考英语一轮复习课时作业(23) Module 5 A Trip Along the Three Gorges 外研版必修4
重庆市2014高考英语阅读理解一轮(精品)训练题(1)附答案
国际英语资讯:India testfires nuclear-capable Agni V intercontinental ballistic missile
四川省2016届高考英语一轮复习课时作业(24) Module 6 Unexplained Mysteries of the Natural World 外研版必修4
重庆市2014高考英语阅读理解一轮(精品)训练题(17)附答案
重庆市2014高考英语阅读理解一轮(精品)训练题(11)附答案
重庆市2014高考英语阅读理解一轮(精品)训练题(3)附答案
四川省2016届高考英语一轮复习课时作业(22) Module 4 Great Scientists 外研版必修4
国内英语资讯:Belt and Road Initiative helps promote new mode of globalization: experts
湖南省汝城二中2014届高考英语一轮复习阅读训练 (57)
重庆市2014高考英语阅读理解一轮(精品)训练题(18)附答案
国际英语资讯:Interview: Egypt on right path in fighting illegal immigration: Egyptian official
重庆市2014高考英语阅读理解一轮(精品)训练题(14)附答案
重庆市2014高考英语阅读理解一轮(精品)训练题(4)附答案
湖南省汝城二中2014届高考英语一轮复习阅读训练 (58)
2014年牛津译林版高中英语总复习(第1轮)同步练习 M4《Unit 2 Sports events》
四川省2016届高考英语一轮复习课时作业(20) Module 2 Traffic Jam 外研版必修4
四川省2016届高考英语一轮复习课时作业(27) Module 3 Adventure in Literature and the Cinema 外研版必修5
重庆市2014高考英语阅读理解一轮(精品)训练题(16)附答案
2014年牛津译林版高中英语总复习(第1轮)同步练习 M9《Unit 1 Other countries, other cultures》
四川省2016届高考英语一轮复习课时作业(21) Module 3 Body Language and Non verbal Communication 外研版必修4