While the 1950s were far from ideal โ especially for minorities and women โ this makes them seem by comparison a bit better than Iโd previously credited.
It now takes two and a half incomes to produce the same standard living that one income did in the 1950s.
It shows how much poorer relatively weโve all gotten in relation to our so-called betters, especially when it comes to the really important things in life such as health care, education and housing, where most of the cost increases have arisen.