WebAug 3, 2024 · On August 3, 1981, forty years ago today, thirteen thousand members of the Professional Air Traffic Controllers Organization (PATCO) went on strike, demanding an annual wage increase, upgrades to outdated equipment, and a reduced workweek. Two days later, President Ronald Reagan fired 11,345 of them, sending a clear signal to corporate … WebMay 29, 2024 · Reaganomics and Tax Cuts. Unemployment was 8.5% in December 1981, then rose to 10.8% by December 1982. Congress cut the top tax rate from 70% to 50% in …
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