It is possible to find people on both sides of the US political aisle who wax nostalgic for the 1950s. Many on the right wish for a return to the country’s conservative mores and nationalist attitudes, while some on the left pine for the era’s the high tax rates, strong unions and lower inequality.
However, despite the period’s rapid economic growth, few of those who long for a return to the 1950s would actually want to live in those times. For all the rose-tinted sentimentality, standards of living were markedly lower in the 1950s than they are today, and the system was riddled with vast injustice and inequality.
Women and minorities are less likely to have a wistful view of the 1950s, and with good reason. Segregation was enshrined in law in much of the US and de facto segregation was in force even in northern cities. Black Americans, crowded into ghettos, were excluded from economic opportunity by pervasive racism, and suffered horrendously. Even at the end of the decade, more than half of black Americans lived below the poverty line.
Women, meanwhile, were forced into a narrow set of occupations and few had the option of pursuing fulfilling careers.
However, this did not mean that a single male breadwinner was always able to provide for an entire family. About one-third of women worked in the 1950s, showing that many families needed a second income even if it defied the gender roles of the day:
For women who did not work, keeping house was no picnic. Dishwashers were almost unheard of in the 1950s, few families had a clothes dryer and fewer than half had a washing machine.
However, even beyond the pervasive racism and sexism, the 1950s was not a time of ease and plenty compared with today. For example, by the end of the decade, even after all of that robust 1950s growth, the white poverty rate was still 18.1 percent, more than double that of the mid-1970s.
Nor did those above the poverty line enjoy the material plenty of later decades. Much of the nation’s housing stock in the era was small and cramped. The average floor area of a new single-family home in 1950 was only 91m2, just a bit bigger than the average one-bedroom apartment today.
To make matters worse, households were considerably larger in the 1950s, meaning that big families often had to squeeze into those tight living spaces. Those houses also lacked many of the things that make modern homes comfortable and convenient — not just dishwashers and clothes dryers, but air conditioning, color TVs and in many cases washing machines.
Those who did work had to work significantly more hours per year. Those jobs were often difficult and dangerous. The US Occupational Safety and Health Administration was not created until 1971. As recently as 1970, the rate of workplace injury was several times higher than now, and that number was undoubtedly even higher in the 1950s.
Pining for those good old factory jobs is common among those who have never had to stand next to a blast furnace or work on an unautomated assembly line.
Outside of work, the environment was in much worse shape than today. There was no US Environmental Protection Agency, no Clean Air Act or Clean Water Act, and pollution of both air and water was horrible. The smog in Pittsburgh in the 1950s blotted out the sun. In 1952, the Cuyahoga River in Cleveland caught fire. Life expectancy at the end of the 1950s was only 70 years, compared with more than 78 today.
So life in the 1950s, although much better than what came before, was not comparable to what Americans enjoyed even two decades later. In that space of time, much changed because of regulations and policies that reduced or outlawed racial and gender discrimination, while a host of government programs lowered poverty rates and cleaned up the environment.
However, on top of these policy changes, the nation benefited from rapid economic growth both in the 1950s and in the decades after. Improved production techniques and the invention of new consumer products meant that there was much more wealth to go around by the 1970s than in the 1950s.
So the 1950s do not deserve much of the nostalgia they receive. Though the decade has some lessons for how to make the US economy more equal today with stronger unions and better financial regulation, it was not an era of great equality overall.
Though it was a time of huge progress and hope, the point of progress and hope is that things get better later. And by most objective measures they are much better now than they were then.
Noah Smith is a Bloomberg Opinion columnist. He was an assistant professor of finance at Stony Brook University and he blogs at Noahpinion.
This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.
Taiwan Transport and Storage Corp (TTS, 台灣通運倉儲) yesterday unveiled its first electric tractor unit — manufactured by Volvo Trucks — in a ceremony in Taipei, and said the unit would soon be used to transport cement produced by Taiwan Cement Corp (TCC, 台灣水泥). Both TTS and TCC belong to TCC International Holdings Ltd (台泥國際集團). With the electric tractor unit, the Taipei-based cement firm would become the first in Taiwan to use electric vehicles to transport construction materials. TTS chairman Koo Kung-yi (辜公怡), Volvo Trucks vice president of sales and marketing Johan Selven, TCC president Roman Cheng (程耀輝) and Taikoo Motors Group
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
RECORD-BREAKING: TSMC’s net profit last quarter beat market expectations by expanding 8.9% and it was the best first-quarter profit in the chipmaker’s history Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which counts Nvidia Corp as a key customer, yesterday said that artificial intelligence (AI) server chip revenue is set to more than double this year from last year amid rising demand. The chipmaker expects the growth momentum to continue in the next five years with an annual compound growth rate of 50 percent, TSMC chief executive officer C.C. Wei (魏哲家) told investors yesterday. By 2028, AI chips’ contribution to revenue would climb to about 20 percent from a percentage in the low teens, Wei said. “Almost all the AI innovators are working with TSMC to address the
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”