Same as Ever: A Guide to What Never Changes
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World War II left its mark on America economically and socially. Between 1942 and 1945, virtually all wages were set by the National War Labor Board, which favored flatter pay—a smaller gap between low-income and high-income workers—than would otherwise exist. Part of that philosophy stuck around even after wage controls were lifted. The variance of income between classes that existed before the war shrank dramatically. A few years after the war, historian Frederick Lewis Allen noted that the biggest economic gains in percentage terms had gone to the lowest-earning members of society, ...more
Tea and Spite
So...the boom of the 50s was due to socialism. Maybe someone tell that to the Boomers.