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Response to Imallin4Joe (Original post)

Thu May 13, 2021, 05:00 PM

5. From the 40's to the 70's, the economy basically boomed...

the business cycle hiccuped every 5 years or so, but for the most part it was a period of steady growth in the middle class.

One thing that happened back then? Regular increases in the minimum wage. Since Reagan, increases have happened maybe every 5 years or so, and none since about 2009, IIRC.

Coincidence? Yeah, sure.

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