This has been said before but bears repeating, as it was today in Bob Herbert’s column.
As hard as it may be to believe, the peak income year for the bottom 90 percent of Americans was way back in 1973, when the average income per taxpayer, adjusted for inflation, was $33,000. That was nearly $4,000 higher …than in 2005.
Come on, life is better than it was then. It is – but for one reason only.
The standard of living for the average family improved not because incomes grew but because women entered the workplace in droves.
Which of course, left children in day care. Now day care isn’t such a bad thing. But isn’t it ironic that the economic policies initiated by Ronald Reagan and doubled down by Republican presidents and their pliant Congresses helped destroy the traditional two-parent family – with Mom home watching the kids — they claim to champion?