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
2013年GMAT考试最新逻辑推理试题训练二
2013年GMAT考试阅读模拟试题及答案21
2013年GMAT考试最新逻辑推理试题训练十一
2013年GMAT考试阅读模拟试题及答案15
2013年GMAT考试阅读理解模拟试题(2)
2013年GMAT考试阅读模拟试题及答案10
2013年GMAT考试阅读模拟试题及答案6
2013年GMAT考试阅读理解模拟试题(9)
2013年GMAT考试阅读模拟试题及答案1
2013年GMAT考试阅读理解模拟试题10套
2013年GMAT考试最新逻辑推理试题训练一
2013年GMAT逻辑推理模拟训练(23)
2013年GMAT考试阅读模拟试题及答案13
2013年GMAT考试阅读模拟试题及答案17
2013年GMAT考试阅读理解模拟试题(7)
2013年GMAT考试阅读理解模拟试题(6)
2013年GMAT考试阅读理解模拟试题(10)
2013年GMAT考试阅读模拟试题及答案16
2013年GMAT逻辑推理模拟训练(25)
2013年GMAT考试阅读理解模拟试题(1)
2013年GMAT逻辑推理模拟训练(22)
2013年GMAT考试阅读理解模拟试题(5)
2013年GMAT考试阅读模拟试题及答案19
2013年GMAT考试阅读模拟试题及答案4
2013年GMAT考试阅读模拟试题及答案18
2013年GMAT考试阅读模拟试题及答案5
2013年GMAT考试阅读理解模拟试题(3)
2013年GMAT考试最新逻辑推理试题训练汇总
2013年GMAT考试阅读模拟试题及答案9
2013年GMAT考试阅读理解模拟试题(8)
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |