3 ms·
Something certainly happened around 1970-ish: https://www.mises.ca/wp-content/uploads/2013/12/graph-1.png https://www.mises.ca/wp-content/uploads/2013/12/graph-
by runeks 10y ago
Something certainly happened around 1970-ish: https://www.mises.ca/wp-content/uploads/2013/12/graph-1.png https://www.mises.ca/wp-content/uploads/2013/12/graph-1.png
Looks like 1st percentile wage growth stagnated right around 1970, but 99th percentile wage growth didn't start accelerating until around 1980 - right around when bond prices started rising again, after falling through the 70s. And they've been rising ever since.
- dTal 10y agoYou bet your ass something happened. I'd love to know what. https://upload.wikimedia.org/wikipedia/commons/4/48/U.S._incarceration_rates_1925_onwards.png https://upload.wikimedia.org/wikipedia/commons/4/48/U.S._inc...
- diogenescynic 10y agoNixon and then Reagan's policies.
- runeks 10y agoWhich policies, exactly, caused the discrepancy we see in pre-tax income growth? Or are only only referring to incarceration rates?
- dflock 10y agoNixon started the war on drugs in 1971 - that's what you're looking at there.