brb gonna make a graph about nuclear weapons testing and productivity tracking wages.https://twitter.com/arthur_affect/status/1271729947984322560 …
Okay so what's your alternative take The corporate raiders from the 80s were right and we really did need to trim all the bloat and the fat in the US economy, but these wealth gains to the consumer mysteriously just didn't propagate the way they should've?
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There's a lot of reasons why wealth gains to the consumer didn't propagate the way they should've, largely owing to several recession, a decline in trade union membership, zero hour contracts and the gig economy, knock on effect of growing wealth inequality, etc.
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The decline in trade union membership was an inherent and explicit goal of the attacks on "bloat" Come on this is obvious and well known shit
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