Fat and Mean

That from a book called Fat and Mean, about the significance of corporate downsizing. During the boom economy of the 1980s and 1990s, purchasing power rose for 20 percent of the population and actually declined 13 percent for the other four-fifths. Indeed, after inflation was factored in, purchasing power of a working couple in 1995 was only 8 percent greater than for a single working man in 1905; this steep decline in common prosperity over ninety years forced both parents from home and deposited kids in the management systems of daycare, extended schooling, and commercial entertainment. Despite the century-long harangue that schooling was the cure for unevenly spread wealth, exactly the reverse occurred—wealth was 250 percent more concentrated at century’s end than at its beginning.