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Textbooksfree.org. Editorial Economic Wellbeing Recent economic history helps figure out what workers can expect concerning future their economic wellbeing.

textbooksfree.org

New Normal #1 was the high profits and wages made possible by WW 2 generated savings and pent-up consumer demand plus a lack of meaningful foreign competition. Its demise began in 1973 as business faced added pressure created by OPEC oil embargos soon to be enhanced by increased Asian competition. This New Normal #2 required workers and owners to compete with payroll taxes for a share of company revenue. TextbookRevolution. TextbookRevolution.