3 ms·
https://wtfhappenedin1971.com/ https://wtfhappenedin1971.com/ 1971, 1968, doesn't really matter. But - many such "negative" effects only really show up after 1
by H8crilA 6y ago
https://wtfhappenedin1971.com/ https://wtfhappenedin1971.com/
1971, 1968, doesn't really matter. But - many such "negative" effects only really show up after 1981, that is after the peak of the interest rates. RIP Volcker, the last Fed president with vision.
If you're into slightly crazy sounding theories about the cyclical nature of human progress I recommend: https://en.wikipedia.org/wiki/Strauss%E2%80%93Howe_generational_theory https://en.wikipedia.org/wiki/Strauss%E2%80%93Howe_generatio.... Ray Dalio is also writing a lot on his own version of the "around 80 years cycle" theory.
- jdmichal 6y agoI could have bought into this theory... Except that it has these four generations grouped and seems to just cherry-pick good and bad events for each to meet the narrative. I would have expected that every generation have certain crises and certain renaissances active at the same time, and that the pattern of these might loop over time.
- decker 6y agoShipping containers were standardized between 1968-1970. A device that enables efficient outsourcing to cheaper labor is a likely reason for labor wages stagnating while overall productivity rises. https://en.wikipedia.org/wiki/Intermodal_container#History https://en.wikipedia.org/wiki/Intermodal_container#History
- lasagnaphil 6y agoOr if you reverse the cause and effect, the demand for global free trade (which is more about neoliberal politics than technology) might has created the need for standardized shipping containers.