4 ms·
https://wtfhappenedin1971.com/ https://wtfhappenedin1971.com/
by kfprt 5y ago
https://wtfhappenedin1971.com/ https://wtfhappenedin1971.com/
- aeternum 5y agoThis site seems to blame everything on moving away from the gold standard but it is unconvincing. Another answer is that the labor pool rapidly expanded in the 1970s. Prior to that, the labor force was artificially low due to two major world wars. It started expanding with the Immigration and Naturalization Act of 1965 then further expanded due to many more women entering the workforce. Mostly unheard of prior. Telecommunication in the 80s through 2000 further accelerated the work force expansion by allowing outsourcing. Labor went from being very constrained to available worldwide.
- machiaweliczny 5y agoSeems like billionares will rule till India gets rich at least. This will take some time.
- imtringued 5y agoNeoliberalism happened as a knee jerk reaction to high inflation.