When working on my 2nd bachelors, this subject came up in some of our sociology courses. The older people remembered exactly when this changed: the 1973 Oil Emb

When working on my 2nd bachelors, this subject came up in some of our sociology courses. The older people remembered exactly when this changed: the 1973 Oil Embargo. For them, this was the time when our mothers had to get a wage-paying job outside the home. Some remembered it as "that's when I had to start pumping my own gas". The people involved were all upper-middle class. My dad was an engineer (in the oil business) and the attire, cigarette smoking and alcohol consumption of Mad Men was reasonably close to my memories. While many folks would consider factory workers are working class, they were unionized and I'd consider them middle class. Max income tax bracket in the 70s was 70%. This prevented the income disparity that we've seen since the 1980s. https://taxfoundation.org/historical-income-tax-rates-brackets/ https://taxfoundation.org/historical-income-tax-rates-bracke...