@MRecreate Very true. I married (my ex) in 1979, you could still get along fairly well with one salary (his). I had the kids in '81 and '86, by that point this was no longer particularly true. I look at the young adults today and feel terrible for them - buy a house? have kids? HOW?
@MRecreate Gee, what happened in 1980...?
I am not sure why the white line is shown in 1980. US wages stagnated well before that in the early to mid-70's. There are a number of things that caused that to happen, but an important one that people ignore is that when Nixon took the US dollar off of the gold standard. At that point government could print money at their leisure...
@MRecreate Trickle down economics was the gaslighting of this country
@MRecreate The center line should be around 1973 on that chart though.
@MRecreate The white line belongs in 1971 when we went off the gold standard..
@MRecreate It started when FDR confiscated gold from citizens. Followed by Nixon's cancellation of the US Dollar being backed by gold, the dollar became fiat worth less and less every year, thus creating the forever inflation cycle.