this post was submitted on 26 Mar 2024
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[–] Hikermick@lemmy.world 1 points 8 months ago (3 children)
[–] Dagwood222@lemm.ee 15 points 8 months ago (2 children)

Up until Reaganomics hit, 'Middle Class' was defined as one Union job supporting a family of four. In 1980, $1 million was still considered a vast fortune. By the time Bush Sr. left office, middle class was two jobs to keep the house going, and $1 million was what a rich guy paid for a party.

[–] Hikermick@lemmy.world -1 points 8 months ago (1 children)

I was an adult in the mid 80's. I was there

[–] Dagwood222@lemm.ee 15 points 8 months ago

So you remember that American housewives started looking for jobs in big numbers after the Oil Crisis of 1972. Before that, only the poorest people needed two jobs.