CarlBMenger on Nostr: Real wages of American workers grew steadily, achieving a broad-based prosperity for ...

Real wages of American workers grew steadily, achieving a broad-based prosperity for America that was unprecedented in human history until 1971 when real wages stopped growing.

While the overall economy continued to grow, the share of economic growth going to average workers began to shrink and went sideways.

So, WTF happened in 1971 and why?