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IPFS News Link • Economic Theory

What Happened in 1971? Edward Snowden and Jack Dorsey Want to Know

10-04-2021 • arclein

The first thing that becomes apparent is that something happened in 1971. This fact is made clear by a series of charts, all based on government data, that show various odd economic trends began in that year. Income inequality, for example, began to get much worse. Wages, which had tracked closely with productivity and GDP growth for decades, began to lag productivity and economic growth (badly).

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Reported By robert klein

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