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“before 1940.12 The rapid decline in working hours led John Maynard Keynes in 1931 to make a famous prediction that turned out to be quite wrong—that society would be so productive that each worker would only need to work for fifteen hours per week:”
― The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War
― The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War
“Within the blue-collar category, skilled craft workers held their ground, declining only from 11.4 percent in 1870 to 8.2 percent in 2009.”
― The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War
― The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War
“Striking was the absence of medium to large-sized cities that were typical in the northeast and Midwest. Most towns were merely crossroads.”
― The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War
― The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War
“Most of the developments that made possible the networked house of urban America in 1929 were achieved by anonymous and decentralized innovations in home appliances, bathroom fixtures, toilets, and furnaces, not to mention the hundreds of municipal officials who approved and financed the evolution of urban sanitation infrastructure.”
― The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War
― The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War
“Third, the cumulative effect of these improvements from 1947 through 1983 was massive. Improvements in quality—that is, previously unmeasured components of consumer surplus that were not included in the GDP data—amounted to 100 percent of the cost of refrigerators and clothes dryers and 200 percent of the cost of room air conditioners.”
― The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War
― The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War
Alejandro Salazar’s 2025 Year in Books
Take a look at Alejandro Salazar’s Year in Books, including some fun facts about their reading.
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