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The great U-turn
By Robert Reich

DO YOU RECALL a time in America when the income of a single schoolteacher or baker or salesman or mechanic was enough to buy a home, have two cars and raise a family?

I remember. My father (who just celebrated his 100th birthday) earned enough for the rest of us to live comfortably. We weren’t rich but never felt poor, and our standard of living rose steadily through the 1950s and 1960s.

That used to be the norm. For three decades after World War II,

Tuesday, March 18, 2014 10:57 AM
 

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