I was born in 1973, just as the American economy was going to hell — though I cannot accept all the blame. It was the twilight of the 20th-century manufacturing boom that had almost managed to compress the whole country into one vast middle class and, for reasons beyond my control, that boom was unraveling. Inflation was headed into double digits as labor productivity began to decline, economic growth swooned, unemployment rose and manufacturing employment tipped into the final descent toward its current sub-10 percent share.
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