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 rule rather than the exception that 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 father s 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 doesn t 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 today s $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
国际电信世界大会召开 互联网规则成焦点
Hang In There 永不低头
How to be Happier
Mother's Hands
幸福这个副产品
The Love in That Summer
瑞银挨的“板子”太轻
美丽的情话
街角还有公共电话棚
谱写生命的乐章
保持幸福的几条箴言
埃及总统扩权反对派上街抗议
音乐的语言
给予 让你我相连
The Key to Happiness
澳门黑帮头目“崩牙驹”出狱
To See You
When I am aged
发现你自己
人民币国际化的深层原因
埃及总统穆尔西保证将绝对权力限于主权事务
新技术简化手机短信输入难题
励志短文一篇
Seven secrets to a great life
What makes a home?
假如我又回到童年
纯洁的爱
夏天的飞鸟 上
我的母亲教我
真正的朋友会紧紧相随
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