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I have a ton of charts on my hard drive, and I have reviewed many many more, but this is my favourite chart of all time (yeah, as Hale Stewart would say, how lame is it that I have a “favourite chart”).
The chart shows wages for non-supervisory, goods producing, hourly employees from 1947 to today. It shows, graphically, a point I think needs to be hammered home – you can’t talk about the “post war economy”, as if there is only one. There were two, and the first one ended sometime in the seventies.
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