
How did we go from the Great Depression to 30 years of Great Prosperity
? And from there, to 30 years of stagnant incomes and widening inequality
, culminatin
g in the Great Recession? And from the Great Recession into such an anemic recovery? The Great Prosperity During three decades from 1947 to 1977, the nation implemente
d what might be called a basic bargain with American workers. Employers paid them enough to buy what they produced. Mass production and mass consumptio
n proved perfect complement
s. Almost everyone who wanted a job could find one with good wages, or at least wages that were trending upward. During these three decades everyone's wages grew -- not just those at or near the top. READ MORE AT:
http://www.huffingtonpost.com/robert-reich/the-truth-about-the-ameri_b_869033.htmlRead the Article at HuffingtonPost
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