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It is true. US inequality rose around 1980. almost specifically around the time of japan (and Asia) and Europe’s rise from ashes and US losing jobs to globaliza
by taiwanboy 7y ago
It is true. US inequality rose around 1980. almost specifically around the time of japan (and Asia) and Europe’s rise from ashes and US losing jobs to globalization. They were a mere fraction of their former self before then. Japan’s gdp spikes around 1985. Same with Germany.
- NeedMoreTea 7y agoThat was after post-war boom ended. Mainly as a result of the 73 oil crisis and the follow-on chaos of the rest of the seventies. https://en.wikipedia.org/wiki/Post-World_War_II_economic_expansion https://en.wikipedia.org/wiki/Post-World_War_II_economic_exp...