Does anyone know what happened in the early 1960’s that led to that smaller, but still noticeable diversion?
Unfortunately I don’t know.
To correlate the effect with social processes, one would have to plot the same graph for multiple countries and see what processes occur in each history at the time of the lines forking apart (assuming they do so).
Some guesses: automation, perhaps globalization of supply chains, something related to the effectiveness of employees at bargaining with employers?
In what year was Reagan elected? I’ll give you a tip, it was the same year the country started to get fucked.
Forget baby Hitler, if I had a time machine I’d kill baby Reagan.
You beat me to it. I was just going to reply, “Ronald Regan”.
this is why everyone who’s getting screwed on pay should be quiet quitting with no remorse
Been doing that for 3 years and they still haven’t fired me. They beg me to join other projects without extra pay so I just decline them every time.
“Production can be cut”
Ownership class:
Obligatory EPI Institute webpage on this (recently updated for 2024!)
