Quote by Christopher Lasch

It is no longer an unwritten law of American capitalism that industry will attempt to maintain wages at a level that allows a single wage to support a family.

It is no longer an unwritten law of American capitalism that

Summary

This quote suggests that the traditional expectation of American capitalism, where industries would ensure that wages were sufficient to support a family with only one income, no longer holds true. It implies that industries have shifted their focus away from this responsibility, resulting in wages that may not adequately meet the needs of a family. Overall, the quote highlights the changing dynamics of capitalist practices in the United States, particularly regarding the livelihoods of working-class families.

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By Christopher Lasch

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