Capitalism Hits The Fan: The Global Economic Me... Site

: While worker productivity continued to climb, real wages flattened.

: The gap between stagnant wages and rising productivity translated into record-breaking corporate profits. Capitalism Hits the Fan: The Global Economic Me...

: To maintain their standard of living despite flat wages, American families worked more hours and turned to massive borrowing. : While worker productivity continued to climb, real

Wolff identifies the mid-1970s as a seismic shift in American economic history. For over a century prior, American workers' wages had risen alongside their productivity. However, starting in the 1970s, this relationship broke: starting in the 1970s