In 1947, the top 1% got 12% of the aggregate, and after three decades, in 1978, that stayed about the same - entirely bring down - at 9%. The main 1 percent's offer held at near 10% all through each of the three decades. The post-war period is broadly seen as a brilliant age of the white collar class, with an economy energized in critical part by working class spending. The working class prospered. Its numbers extended, and its expectations for everyday comforts climbed consistently. The U.S. economy developed, and that development lifted a large number of families out ...
Essays on East New York
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