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
牛津实用英语语法:301 wish(that)+主语+would
牛津实用英语语法:259 介词之后的动名词
牛津实用英语语法:304 被动态的各种用法
牛津实用英语语法:305 介词与被动态动词连用
牛津实用英语语法:290虚拟语气形式
牛津实用英语语法:260 to
牛津实用英语语法:273 位于表示感觉的动词之后
牛津实用英语语法:268 regret,remember,forget
牛津实用英语语法:314 间接引语中的时间及地点表达法
牛津实用英语语法:271 be afraid(of),be sorry(for)
牛津实用英语语法:269 agree/agree to,mean,propose
牛津实用英语语法:281 祈使句表示命令
牛津实用英语语法:316 say,tell及其他可替代使用的引导动词
牛津实用英语语法:278 分词的完成式(主动语态)
牛津实用英语语法:283 can/could/may/might I/we?表示请求
牛津实用英语语法:297 would rather/sooner和prefer/would prefe
牛津实用英语语法:292 as if/as though+ 虚拟过去时
牛津实用英语语法:291 虚拟现在时的用法
牛津实用英语语法:243 动词或动词+宾语之后的不定式
牛津实用英语语法:325 must和needn’t
牛津实用英语语法:285 might表示请求
牛津实用英语语法:256 不定式的完成进行式
牛津实用英语语法:326 并列连词
牛津实用英语语法:282 其他表示命令的方式
牛津实用英语语法:314 间接引语中的不定式和动名词结构
牛津实用英语语法:277 代替从句的现在分词短语
牛津实用英语语法:288 may/might as well+动词原形表示劝告
牛津实用英语语法:298 表示偏爱的另一些例句
牛津实用英语语法:295 care,like,love,hate,prefer
牛津实用英语语法:284 could/will/would you?等表示请求
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