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luchonacho
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Productivity vs real earnings in the US -- what happened ca 1974?

Somewhat related to the most recent US elections, I've been researching the whole "white working class" situation, and one strange anomaly has popped up.

When one looks at a graph of productivity (for the US) vs real wages, there is a marked "disturbance in the force" around 1974.

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Is there any agreement among economists as to what caused wage growth to plateau like this?

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