/biz/ - Business & Finance

Globalization.

Computers

I was born.

>>16338348

unions started to get killed off

>>16338348
reagan/bush

trickle down economics

>>16338348
more like 1971
>https://en.wikipedia.org/wiki/Nixon_shock

Stupid questions were asked

Jews

>>16338348
Cocaine.

>>16338348
Well, one thing for sure is that its certainly not the decade you learned to understand visual data.
Looks like the early 70s to me.

John Connor.

>>16338348
>What exactly happened in the 80s?
Gamergate

>>16338348
The postwar boom was the biggest economic boom in history, why?
wealth distribution, progressive taxation which was maintained post war among numerous other factors.
but during the mid 70s and 80s taxation was reformed and the wealthy accumulated disproportionate amounts of capital in larger numbers.

>>16338348
Women entered the workforce en mass, saturating the job market and slashing wages. This had the effect of increasing productivity by having roughly 2x the workforce and decreasing wages at the same time.

>>16338420
> Filename
Epic kek

>>16338597
that should just expand the market, how comes developed economies that receive skilled immigration tend to thrive?
Despite more workers competing for the same share? because the share grows with productivity, more goods are created, higher demand for goods which allows business to expand and hire more people.
women entering the workforce as cause for low wages is the most cucked theory ever.

>>16338348
Fiat currency you dumb fucks

>>16338352
as always, the first reply is the correct reply

>>16338672
But fiat became prevalente in the 20s and the absolute standard by the 50s, how is that related to fucking 1980.
there was already faaaaar more notes carrying the gold-clause than there was gold in their vaults by the 1930s, and people knew it.

>>16338428
Mid 70s actually, but it was triggered by the 1973 oil crisis.

>>16338348
Unions had been strong in the third quarter of the 20th century, so wages went up in line with profits. But then when the oil crisis hit, businesses lost profitability yet inflation remained high. Some wage restraint was necessary, which effectively meant weakening union power. Since then, policies that limited wages growth have remained in place, first to get inflation down and secondly because once people got used to it, many believed it was good for the economy.

Since then there has been another huge factor exacerbating the gap: a shift in value from physical to intellectual property. This meant that for some of the world's most profitable companies, productivity rose in a way that it didn't for most other companies.

>>16338626
A sudden, government forced increase in labor does does not proportionally increase the market because it wasn't organic. Millions of women entered the workforce in the span of 10 years, something the market couldn't keep up with. Besides the push for women entering the workforce had the intended consequences of increasing productivity while keeping costs relatively stable. It also decreases birthrates due to women placing careers before family. This is why western nations are seeing mass 3rd world immigration. These people breed like rabbits and keep the cycle of decreasing wages by saturating the labor market further.

>>16338348
Neoliberal economics kicked into high gear. 70s was a warmup.