Pay Rose With Productivity -- And Then It Didn't

[orwell]

4. This is likely a result...

...of relentless Con attacks on unions and revisions to the tax code to shift wealth and compensation to the top income classes. This went into high gear under Con front man Reagan.

The flat area in the 70's seems primarily due to the stagflation of the decade which flattened wages as a means of propping up sagging corporate profits. It also is likely a result of the baby boom coming full force into the labor pool. In other words, more workers increases competition for jobs and therefore impacts compensation rates.

In can not be overstated how much the core of RepubliCon "principles" is aligned with low labor costs and high capital gains returns. In other words, the unspoken Con is the relentless transfer of productivity benefits to an ever narrowing group of citizens.

It is by design.