But how much of this was a by-product of demographics or of new technologies remains an issue worth discussing. These novels were written when SF was still in the process of developing those conventions and usages, and thus can provide both a solid grounding and a convenient entry point. The upsurge pushed auto employment to record postwar levels, but it also masked long-term, structural job losses due to automation, which replaced workers with machines. by Daniel J. Clark Become a Study.com member to unlock this My own rule was that the novels we selected should be genuine 1950s novels, meaning that they were conceived as novels and not novel-length works assembled from earlier short stories. That’s when everybody had a job. Gary K. Wolfe, author of Evaporating Genres: Essays on Fantastic Literature, spoke with us about the recent publication of the two-volume boxed set American Science Fiction: Nine Classic Novels of the 1950s, which he edited for Library of America. But it turns out that marginal tax rates played a big role in their decisions. In addition, I believe the novels themselves stand out as good SF even by today’s standards. Adding insult to injury, business leaders blamed autoworkers for the industry’s woes, arguing that high wages had limited consumer demand by inflating the price of vehicles. For them there may be a nostalgia factor—although that really isn’t the point of the collection—and it may provide an opportunity to re-examine some of those youthful passions in perspective. The population boomed leading suburban living to become the norm. All but the most stubborn local boosters recognized that the auto industry was always volatile, and that auto work was always precarious. But he goes awry by then assuming (as is the case for many statists) the economy is a fixed pie. According to the U.S. Department of Commerce, 1957 outdistanced 1956 to become America’s “best year ever.” But that time in Detroit was marked, according to the Michigan Employment Security Commission, by “continuing serious unemployment, high payment of jobless benefits and concurrent reduction of manufacturing employment to the lowest point since 1949.”, Conditions worsened, both nationally and locally, when the 1958 recession devastated Detroit’s autoworkers and their neighborhoods. In my decades of trying to educate policymakers about the downsides of class-warfare tax policy, I periodically get hit with the argument that high tax rates don’t matter since America enjoyed a golden period of prosperity in the 1950s and early 1960s when the top tax rate was more than 90 percent. Though the television was created in the 1940’s, the 1950s are known as The Golden Age of Television since television sales and popularity continued to increase during this time. I returned to these authors later when the study of science fiction became part of my academic work, and then again when I was rereading to make the selection for this two-volume set. We're told they were a time of extreme tradition, the golden age of the family, a … That’s why lower tax rates are a good idea if we want more prosperity – keeping in mind the important caveat that taxation is just one of many policies that impact economic performance.
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