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
人生哲理:多一点开心 少一点抱怨
“母亲”这个伟大的职业(双语)
浪漫英文情书精选:The Day We Met我们相遇的日子
双语:给你逃离“舒适区”的六个理由
双语美文精选:但愿人长久,千里共婵娟
英语晨读:给自己放松
精选英语美文阅读:爱会伴随着度过一生
英语名篇名段背诵精华11
诗歌:在清晨许个愿
精选英语美文阅读::朋友的祈祷
英语名篇名段背诵精华7
英语阅读点燃你的激情
浪漫英文情书精选:I'm So Sorry, Baby对不起宝贝
美文欣赏:真正贫穷的生活(双语)
英语精美散文15
英语标准美文51
被我们遗忘在生活中的哲理V
精选英语美文阅读:别让蜡烛熄灭
双语:15个国家英文名称的浪漫解读
精选英语美文阅读:英国民谣《绿袖子》
英语名篇名段背诵精华22
英语阅读:Why I Love You
英语美文:有良师乃人生之幸(双语)
英语晨读:思考生活
世界上最美丽的英文3
精选英语美文阅读:生活的涟漪
英语名篇名段背诵精华12
诗词英译:人间尤物
英语散文:If I were a Boy Again
秋日最温暖的十个“治愈系”英语句子
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |