The Beginning of Secular Wage Stagnation

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During world war too, the us. Government used wage and price controls to not only maintain price stability,. e ward off inflation, but they did that and achieved explosive economic growth. By the late 19 seventies, there's a big, widespread concern that profits are not high enough, right? So as crazy as it sounds to us now, after decades of neal liberalism, the idea that there might be some kind of other way... was not at all foreign at the time.

Inflation is once again at the center of political debate. Dan interviews Tim Barker to put monetary policy in its historical and class war context. Reading: Preferred Shares by Tim Barker phenomenalworld.org/analysis/wage-share email digradiopod@gmail.com for PDFs of the following two articles: The Vietnam War and the Political Economy of Full Employment by Dean Baker, Robert Pollin and Elizabeth Zahrt Class Conflict and the "Natural Rate of Unemployment" by Robert Pollin Support The Dig at Patreon.com/TheDig...and join The Dig's brand new Discord!