@Irishk,
I can't quite place anything in time then . . . I was a stay at home mom with three kids.
I do remember that there were banners on many service businesses, restaurants and the like, seeking workers. So, at the low end, there were many jobs. I found this on wiki: Unemployment peaked at 10.8% percent in December 1982—higher than any time since the Great Depression—then dropped during the rest of Reagan's presidency.
There's a statement that's germane to the present situation!
Continuing from the same source: Reagan's policies proposed that economic growth would occur when marginal tax rates were low enough to spur investment. . . Critics labeled this "trickle-down economics"—the belief that tax policies that benefit the wealthy will create a "trickle-down" effect to the poor.Questions arose whether Reagan's policies benefitted the wealthy more than those living in poverty, and many poor and minority citizens viewed Reagan as indifferent to their struggles. . .
The administration's stance toward the Savings and Loan industry contributed to the Savings and Loan crisis . . . economists, such as Nobel Prize winners Milton Friedman and Robert A. Mundell, argue that Reagan's tax policies invigorated America's economy and contributed to the economic boom of the 1990s. Other economists, such as Nobel Prize winner Robert Solow, argue that the deficits were a major reason why Reagan's successor, George H. W. Bush, reneged on a campaign promise and raised taxes."
I love it! Battling Noble laureates!
