Thursday, January 15, 2015

40 Years of Economic Policy in One Chart

http://www.counterpunch.org/2015/01/15/40-years-of-economic-policy-in-one-chart/

Is America in the throes of a class war?
Look at the chart and decide for yourself. It’s all there in black and white, and you don’t need to be an economist to figure it out.
But, please, take some time to study the chart, because there’s more here than meets the eye. This isn’t just about productivity and compensation. It’s a history lesson too. It pinpoints the precise moment in time when the country lost its way and began its agonizing descent into Police State USA. That’s what it really means.
It all began in the 1970s, that’s when everything started going down the plughole. Once wages detached from productivity, the rich progressively got richer.

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