It's almost like something fundamentally changed around 1971. Hmmm.pic.twitter.com/G1OSrr42hF
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Yeah, I agree. With the expansion of monetary supply, it's been good to own real assets and stocks, which the lower and middle classes disproportionately did not have, but...I'm skeptical that that's the cause of their wages falling off post '71.
I'm a little biased, but i've noticed so amny charts of all kInds over the yeats that go off the fails after early 70's, pre-China WTO. Real wages are what counthttps://fred.stlouisfed.org/series/CPIAUCNS
I think 4 typos in one tweet may be my record
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