1980's Economics
During the 1980's employment grew rapidly in the United States, prompting many analysts to label the U.S. economy the great American job machine.
But while employment increased rapidly during the 1980's, many did not benefit from the expansion.
But while employment increased rapidly during the 1980's, many did not benefit from the expansion.
Among less educated middle-age males, unemployment rates rose and labor jobs declined sharply.
In 1980 a gallon of gas was $1.19 and by 1989 was 97 cents. Milk was 85 cents for 1/2 gallon. In 1980 the average income per year was $19,170 and by 1989 was $27,210.