Any Forums explain this pic right now. Also just pretend I was in a decades long coma and woke up recently.
What's the meaning of this?
Adam Kelly
Other urls found in this thread:
Jeremiah Jackson
computers
Anthony Baker
Lack of heavy metals.
Brody Butler
Capitalist using every possible avenue to increase margins and productivity besides raising wages (which hurts margins the most) along with inflation making any real raises negligible.
Joshua Wood
We should literally kill all bankers. Capitalism slowly morphed into parasitism...
Liam Johnson
Zachary Baker
It's women and immigrants flooding the labor market
Parker Lopez
>wtfhappenedin1971.com
This is US-specific, and it shows that Americans produce more than ever but their wages have stagnated. Essentially we have been bound into servitude slowly over many decades.
Josiah Robinson
along with the fact most economists conflate the idea that margin increases = productivity increases
Justin Myers
Uh, I'll take automation for $500 Alex
Tyler Russell
huh 1971 looks interesting
Zachary Sanchez
Yeah and since computers can make it to where all you need is someone to input data rather than to be skilled at calculations or something the computer does for you, companies will pay people less since anyone can do the job.
Evan Ross
stagnation for who makes the economy function
rich profits for the useless scammy parasites
Elijah Rivera
Easton Ortiz
In 1970 minimim wage was $1.45. Those coins contained a bit more than 0.9 ounces of silver which would be worth $21.60 today.
Charles Cruz
/thread
Noah Ortiz
yeah, that' why the highest paying jobs are silicon valley codemonkeys.
Gabriel White
Run. Fucker. Run.
Jose Robinson
Or, this guy. And his Nixon friend.
Jackson Davis
>muh dichotomy
Trust is that rural folk's manual labor is not as valued as city people's mental work.
That is all
I'm ready for downboats.
Jackson Campbell
I'll elaborate:
Physical work's output hasn't improved much in decades - you still need a rural folk to sit in a bulldozer and drive.
However, a city person can program computers to immitate their code millions of times a second...as such, their productivity has increased.