3 ms·

Another plausible explanation I’ve heard is that you had a massive influx of new consumers (baby boomers) entering the workforce. You almost can’t avoid inflati

• patrickk 6y ago
  Another one adding to your point is huge number of women entering the workforce all at the same time. You are drastically increasing families' spending power and discretionary income = inflation. Of course, when you double the supply of something, the price drops, which could partially explain stagnating wages. But in the early post-WWII decades it was a big win. Nowadays the negative consequences of moving away from traditional family roles are more obvious.
  • rbanffy 6y ago
    > You are drastically increasing families' spending power and discretionary income = inflation. At the cost of decreasing their mobility, which prevents them from competing in nationwide labor markets, pushing down local market labor cost.