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This. This is so spot on. I could rant for days about the damage Thatcher & Reagan did to the world. People think Obama and the orange guy were consequential presidents - they weren't. They didn't really do anything much. We're still living in a Reagan/Thatcher world!
Even with the wild inflation of the 1970s, a high school graduate in 1980 could afford to get an apartment and be independent with a minimum wage job. In 1980, “middle class” in the US still meant one job supporting a family of four. In those days, $1 million was still considered a giant fortune. By the time Bush Sr. left office, ‘middle class’ was enshrined as two jobs, and $1 million was what a rich guy paid for a party.
Even with the wild inflation of the 1970s, a high school graduate in 1980 could afford to get an apartment and be independent with a minimum wage job. In 1980, “middle class” in the US still meant one job supporting a family of four. In those days, $1 million was still considered a giant fortune. By the time Bush Sr. left office, ‘middle class’ was enshrined as two jobs, and $1 million was what a rich guy paid for a party.