oneWRECKONOMICS
Jack J. Shuman, my father, never had it easy, but compared to his parents, immigrants from Russia who had to cope with Czarist oppression, exhausting ocean voyages (two, in my grandmother’s case), antiSemitism, and the Great Depression, life was sweet. After World War II, he completed a master’s degree in mechanical engineering and soon found a job working for Western Electric, the major parts and equipment supplier for the nation’s telephone system. He worked his entire professional life for Ma Bell and even wound up retiring a few years earlier than planned after a court-ordered breakup of the telecom monopoly in 1984. The deal was simple: work hard and stick with the company, and we’ll give you a decent middle-class salary ...
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