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The article elaborates about that at the end. This isn't "1980s corporate greed". It's just corporate greed, and it's just as relevant today as it was 40 years

• selfie 2y ago
  Yeah, you can pick a year of your choice, and find a story like this.
  • acdha 2y ago
    I agree in general but I think the 80s deserve special recognition because it marked a turning point in the relationship between wages and productivity[1][2] and the long decline of collective bargaining[3] at the same time it became even more acceptable to brag about wealth because that linked into the Cold War comparisons we made with the Eastern Bloc countries. A lot of older Americans also didn’t track how much things stood in other countries – e.g. the standard of living in much of Europe relative to people doing the same jobs domestically – but I think a lot of younger people are looking at how many trend lines have a knuckle point in that decade and are feeling cheated. 1. https://www.epi.org/productivity-pay-gap/ https://www.epi.org/productivity-pay-gap/ 2. But see also https://fredblog.stlouisfed.org/2023/03/when-comparing-wages-and-worker-productivity-the-price-measure-matters/ https://fredblog.stlouisfed.org/2023/03/when-comparing-wages... 3. https://www.pewresearch.org/short-reads/2024/03/12/majorities-of-adults-see-decline-of-union-membership-as-bad-for-the-us-and-working-people/ https://www.pewresearch.org/short-reads/2024/03/12/majoritie...