Carolina QuotesLet's look at real wages... wages adjusted for inflation. ...In the late 1970s there was a definite phase transition. Up to that point, for the previous two generations, the wages for both unskilled and manufacturing workers had been growing quite rapidly and almost linearly... [W]ages for manufacturing workers increased... fourfold... a quite remarkable achievement... [I]t was unprecedented in human history to see such a long-term sustained increase in general well-being. Then... the wages stagnated, or even declined. So what was the reason?
Peter Turchin Connected to the Carolinas
Source
8:39
- work
- Human environment across time (2023)
- year
- 2023
Cite this record
“Let's look at real wages... wages adjusted for inflation. ..…” Peter Turchin. Carolina Quotes, record CQ-387F0B9FD9. https://carolinaquotes.com/quote/387f0b9fd9
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