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
关于学习的英语名言
小学英语语法:谈论天气
关于生活的英语格言
“视频”用英语怎么说
小学英语教学反思:激发孩子兴趣
外企面试:教你8个技巧完美应对!
关于英雄的英语格言
英语四级改错常见形式
寄宿家庭用英语怎么说?
2015年上半年英语六级考试听力备考复习材料
“浇花”用英语怎么说?
关于诚信的名人名言
关于生活的英语美句
2015年6月大学英语四级备考方案
关于计划的英语口语
大学英语四六级考试成绩单丢失怎么办
从回家到上床睡觉用到的英语口语
关于诚信的英语名言
珍惜时间的英语格言大全
关于勤奋读书的英语格言
大学英语六级考前词汇的提升终极攻略
英语四级六级考试考场技巧:答题顺序可微调
英语六级过关经验:针对不同题型专项备考
关于诚信的英语名言
四六级考试即将开始,专家教你如何拿高分
“家庭”用英语怎么说?
六级达人支招:英语六级642分是什么水平
珍惜时间的英语格言
小学英语语法:体重和身高
日常问候英语口语用语
| 不限 |
| 英语教案 |
| 英语课件 |
| 英语试题 |
| 不限 |
| 不限 |
| 上册 |
| 下册 |
| 不限 |