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> Wealth owned by the lower and middle class used to be higher. Where? In the US? Post-WW2 saw the rest of the world blown to bits, and the US and USSR being
by blaser-waffle 7y ago
> Wealth owned by the lower and middle class used to be higher.
Where? In the US?
Post-WW2 saw the rest of the world blown to bits, and the US and USSR being the only two powers left standing. Incomes shot through the roof for the average USA-ian because everyone else who could have done cheap labor was dead or busy rebuilding.
Pre World Wars there was plenty of deep, deep poverty in the US, and there was much labor unrest (e.g. the Pullman Strike, etc.) because of it.