What happened? Outsourcing happened. The 1970s is when the US went full-bore on the "global economy" and started outsourcing all sort of manufacturing jobs to

What happened? Outsourcing happened. The 1970s is when the US went full-bore on the "global economy" and started outsourcing all sort of manufacturing jobs to the east. The gold standard and oil crisis are just easy excuses to distract from the fact we've been outsourcing our middle class for 50 years then acting surprised wages have stagnated. It was an easy way to break unions and drop wages. The story of "those jobs were replaced with tech jobs" is nice to claim, but the numbers don't really add up. https://www.cnbc.com/id/47323840 https://www.cnbc.com/id/47323840