1997-2012 is also kind of a bad cherry-picked time frame that is way shorter than 1935-1980 and also different circumstances. The 1935-1980 period has the beginning in the middle of the great depression (start at the nadir)....the 1997-2012 time frame starts during the late 1990s boom and ends in the aftermath of the GFC.
That said, you are right about the unique circumstances of the middle 20th century where the rest of the developed world was bombed back to the stone age and America was the one left standing to rebuild everything for the globe. That kind of advantage cannot be replicated by simply changing the tax code or labor laws.
Actually enforcing some anti-trust laws would probably help with real wages, and if the government ever gets out of the business of subsidizing massive education loans, there might be a correction in the inflation of tuition. Housing is the toughest one though. Not an easy fix with all the NIMBYism and environmental hoops you have to jump through to build more housing these days.