So what exactly happened in 1973, Sup Forums?

So what exactly happened in 1973, Sup Forums?

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en.wikipedia.org/wiki/Nixon_shock
en.wikipedia.org/wiki/1973_oil_crisis
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baby boomers started taking higher level positions and decided to stop paying workers fairly so that they could make more for themselves

Repeal on laws limiting rates of interest

The gold standard was eliminated.
Thank Nixon for that

...

Social security taxes started rising

1971

>1973
World Trade Center officially opens

OPEC raised the price of petrol 4x after the yom kippur war.

Mr Shekelstein decided he had enough and took all the money for himself

Interdasting, the asbestos towers!
Outsourcing, it didn't take a rocket scientist or Harvard economist to figure out paying people a fraction of the wage by moving production to places like China could reap enormous profit margins. The race to the bottom began in earnest.

en.wikipedia.org/wiki/Nixon_shock

Doesn't matter, that was still the event that caused the split in your graph.. economics aren't always instantaneous

Business starting putting compensation into benefits and time off.

>le current year
>still thinking the effects of economic decisions are instant lul

...

I call bullshit. If this is true then all of the millions of articles on wage stagnation have completely failed to mention the benefits portion of compensation, which seems pretty dubious

women entered the workforce en-masse
computers starting becoming more prevelant

both of these drive wages down while keeping productivity high

looks like around the time you ended Bretton Woods

A standard was reached. Remember you are talking with percentages.

Look at the chart itself, not what the guy who put the separator on it claims.
The lines diverge before 1973.

>he trusts the msm

>the media knows what they are talking about

A lot of articles never mention benefits and always talk about jobs that simply have none or few at all, such as McDonalds. These are the same people who talk about the wage gap. Good luck finding a study that isn't made to push an agenda.

a crack commando unit was sent to prison by a military court for a crime they didn't commit

en.wikipedia.org/wiki/1973_oil_crisis

Successfully meme'd the neoliberals into power here ever since

>raising productivity
think before posting

It's true. They mostly do not talk about benefits. The benefit package at my company for a family of four who wants health insurance runs about $700 a month. The company will cover 580 of that. That's $7,000 a year in benefits. Then you add in the 401K match, then you add in the non-voluntary 401k contribution,then you add in the HSA contributions it all adds up to about $10,000 to $11,000 a year to up to $20,000 to $22,000 a year depending on your salary. Most of the articles I see specifically mention wages. In part because benefit packages this lucrative did not exist in the seventies. At this point in time the Baby Boomers were not old enough to require them and hadn't begun forcing younger generations to pay for their medical expenses just yet.

Jews fled Europe and started to do what they did in Europe in america The first born Jewish people(At this point there were 40+) managed to get into Leadership positions and they competently subverted everything good.

Feminism

End of Bretton Woods

Those digits

This is when the gold standard was eliminated and the American productivity started to be deported to Asia.

The first step of the globalization of the market.