Think about it this way. In 1960, minimum wage was $1.00/hour and the average home was $11,000.00 In 1968, when Richard Nixon took office, ‘middle class’ meant one Union job supporting a family of four. By the time Bush Sr. left office in 1992 “middle class” was two college jobs to support the household.
Think about it this way. In 1960, minimum wage was $1.00/hour and the average home was $11,000.00 In 1968, when Richard Nixon took office, ‘middle class’ meant one Union job supporting a family of four. By the time Bush Sr. left office in 1992 “middle class” was two college jobs to support the household.
The time difference ('68-92) is roughly the same as the time since the Class of 2000 graduated, and now.