Does the economy hold as much potential for US as it did in 1950?

Answer 1

Due to innovation, global economic reach and dominance, increases in productivity, dramatic advances in technology and innovation coupled with dominant capital markets and more readily available capital resources, the US economy holds dramatically more potential today than it did in 1950.

Don't buy into this pessimistic crappo that is posted here!

Answer 2

1950 the USA was more capitalistic ... the unions were new, the social security system was new ... 911 emergency services didn't exist ... basically the USA just had to take care of herself ...

Today, the USA is heavily socialist and must pay for retirement like social security and pensions - 911 emergency services - health care - and we must save the bugs that are endangered because of the tire manufactures in Asia ... In short, we've bough everything without a way to pay for the stuff ... the "Baby-Boomers" and "Hippies" had great visions to bring equality and to try to eliminate poverty and settle environmental issues ... however, they learned to stop re-producing and learned to divorce each other tearing family's apart ... now we can only hope that the immigrants can come here and pay for the stuff that this generation wants.

Or, if we allowed "Capitalism" to do it's job and find equallibrim in supply & demand, then we'd have to experience poverty and chaos in the economy to settle all the socialist/communist ways that were adopted in the 1950's ... the "Baby-Boomers" and "Hippies" would suffer the greatest, and the generation X, Y, & Zer's would experience a major shift while the economy corrected itself capitalistically!!!

Answer 3

I was just getting my first job away from home. The prospects looked very bleak, and the draft for the Korean war was very real. I worked as a mill worker in the lumber industry, a second cook on a Forest service service fire crew, and the got a job with AT&T installing and wiring equipment. The pay was 1.06 an hour, and I had to work where ever they sent me. I would cook on the steam grates in the room if there was one, and in one instance had a cot by a furnace in the basement of a house. In other words, in order to have a job I had to live as the migrants do now.
To answer your question, If you are dependable, and prompt, you will be a valued employee.
The job market looked pretty bleak in those days.

Answer 4

no

Answer 5

no

Answer 6

nope...