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American History

Despite Your Love for Stranger Things, the ’80s Actually Sucked, Here’s Why

David Harbour - Stranger Things
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17. The Economy Was Awful For Most People

Trickle-down economics didn’t work out that great. Photo: neighborhoodeffects.mercatus.org

High-paying jobs today may be scarce today, but unemployment in the 80s was worse than it is today, thanks to Ronald Reagan’s economic theories. He destroyed labor unions and set multinational companies on a track that would allow them to conquer the world within a decade.

Meanwhile, plenty of families were about as unfortunate as Will’s, whose mom works as a cashier. The toilet leaked, and there wasn’t any money to fix them. All of the money and jobs were either going to Japan or vanishing as part of Reagan’s trickle-down economic policies.

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