4 ms·
Productivity has risen a ton since the 1970s. Wages are practically flat. Software and the internet haven't helped, quite the opposite. The profits are captu
by oblio 3y ago
Productivity has risen a ton since the 1970s.
Wages are practically flat.
Software and the internet haven't helped, quite the opposite.
The profits are captured at the top.
- gottorf 3y agohttps://wtfhappenedin1971.com/ https://wtfhappenedin1971.com/ 1970s, of course, is when the dollar started being backed by nothing more than "full faith and credit".
- oblio 3y agoThat graphic is misleading: https://www.yesigiveafig.com/p/what-really-happened-in-1971 https://www.yesigiveafig.com/p/what-really-happened-in-1971