> So this was common experience in the US at the time? I knew it was
> like that here, but I wasn't sure about the US, because you never had
> unemployment rates as low as those of the UK or Australia.
Yeah. First, this was above all a 1965-73 phenomenon. Second, US labor markets were highly segmented. The average comprises a black labor market with far higher unemployment rates and a white market with lower rates. So for whites it was more like Australia or Europe.
SA