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Even during the Industrial Revolution as well. And even the idealized vision of the 1950s-60s that is common on the Internet was itself a fantasy for a pluralit
by alephnerd 8mo ago
Even during the Industrial Revolution as well. And even the idealized vision of the 1950s-60s that is common on the Internet was itself a fantasy for a plurality of Americans until the Great Deal began sinking in.
There was a period of slightly more income equality in the 1930s-1960s as Piketty [0] and Zucman [1] show, but this was also at the expense of racial and gender equality.
The 1970s was probably the most equal period economically speaking as Zucman showed [1].
We should not strive to return to the 1950s - we should strive to be better than anytime previously.
[0] - http://piketty.pse.ens.fr/files/capital21c/en/Piketty2014FiguresTables.pdf http://piketty.pse.ens.fr/files/capital21c/en/Piketty2014Fig...
[1] - https://eml.berkeley.edu/~saez/SaezZucman14slides.pdf https://eml.berkeley.edu/~saez/SaezZucman14slides.pdf