Re:The Guy I Almost Was (1998)
by will4274 on Monday December 28, 2020 @02:22PM
(#25562286)
> wages have declined in purchasing power since the 70s
This was true until 2019. Wages dropped in the late 70s and in the 80s, then went up in the 90s, spent the 00s mostly flat, and rose a little in the 10s. It took 50 years (until 2019) for them to go back up to the 1968 high. So "we've made no progress since 1970" economic quotes are mostly true, but "we've made no progress since 199x" economic quotes are mostly false.
This was true until 2019. Wages dropped in the late 70s and in the 80s, then went up in the 90s, spent the 00s mostly flat, and rose a little in the 10s. It took 50 years (until 2019) for them to go back up to the 1968 high. So "we've made no progress since 1970" economic quotes are mostly true, but "we've made no progress since 199x" economic quotes are mostly false.