Abstract
Since the mid-1970s the United States has been experiencing a profound shift in both the nature and political management of the post-World War II pattern of economic development and income distribution. This “Great U-Turn,” so labeled by Bluestone and Harrison (1988), has been characterized by the dramatic reversal after 1973 of the postwar rise in real wages and relative stability or decline in inequality. Since that time, real wages have stagnated or fallen and the distribution of income and wealth has become more unequal.
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Hinojosa-Ojeda, R., Carnoy, M., Daley, H. (1991). An Even Greater “U-Turn”. In: Melendez, E., Rodriguez, C., Figueroa, J.B. (eds) Hispanics in the Labor Force. Environment, Development and Public Policy. Springer, Boston, MA. https://doi.org/10.1007/978-1-4899-0655-7_2
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DOI: https://doi.org/10.1007/978-1-4899-0655-7_2
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