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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://sfba.social/users/johnlogic/statuses/111494875390731994">John Carlsen 🇺🇸🇳🇱🇪🇺 (johnlogic@sfba.social)'s status on Thursday, 30-Nov-2023 04:50:07 JST</a><a href="https://sfba.social/@johnlogic" title="johnlogic@sfba.social"><img src="https://gnusocial.jp/avatar/104933-48-20230511195719.webp" width="48" height="48" alt="John Carlsen 🇺🇸🇳🇱🇪🇺" style="position: absolute; left: 0; top: 0;">John Carlsen 🇺🇸🇳🇱🇪🇺</a><div><a href="https://kitty.social/notes/9mngum1fd7c7shgi" rel="in-reply-to">in reply to</a><ul><li><li><a href="https://gnusocial.jp/user/104459" title="jaelisp@lgbtqia.space">Hey, Jae ??️‍??️‍⚧️</a></li><li><a href="https://gnusocial.jp/user/216895" title="vinesnfluff@kitty.social">Count Regal Inkwell</a></li></ul></div></section><article><p><a href="https://kitty.social/@VinesNFluff">@VinesNFluff</a> <a href="https://mstdn.social/@Chromino">@Chromino</a> <a href="https://lgbtqia.space/@jaelisp">@jaelisp</a> </p><p>Note how the benefits in gains in productivity shifted away from worker pay after the most notable tax cuts for the rich, both post-JFK and especially during the Reagan years.</p><p><a href="https://sfba.social/tags/TaxTheRich" rel="tag">#TaxTheRich</a> <a href="https://sfba.social/tags/economics" rel="tag">#economics</a></p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/2393404#notice-4729559">In conversation</a><time datetime="2023-11-30T04:50:07+09:00" title="Thursday, 30-Nov-2023 04:50:07 JST">about a year ago</time> <span>from <span><a href="https://sfba.social/@johnlogic/111494875390731994" rel="external" title="Sent from sfba.social via ActivityPub">sfba.social</a></span></span><a href="https://sfba.social/@johnlogic/111494875390731994">permalink</a><h4>Attachments</h4><ol><li><label><a rel="external" href="https://gnusocial.jp/attachment/1899298">"The Great Prosperity (1947-79) vs The Great Regression (1980-Now)Pay Rose With Productivity ... And Then It Didn'tWages and overall compensation, for production and non- supervisory workers (now about 82 percent of the private sector work force), tracked steadily upward alongside gains in productivity. The rising value of goods and services per worker meant rising pay. But that relationship ended in the 1970s."Chart illustrating changes from 1947 (baseline) in productivity (rising 119% from 1947 to 1979 and rising 80% from 1980 to 2009), average hourly compensation (rising 100% from 1947 to 1979 and rising 8% from 1980 to 2009), and average hourly wage (rising 72% from 1947 to 1979 and rising 7% from 1980 to 2009)Source: Robert Reich. New York Times. 9/4/2011</a></label><br><a href="https://files.sfba.social/media_attachments/files/111/494/814/989/746/041/original/44b4d7a2f1d3751f.jpg" rel="external">https://files.sfba.social/media_attachments/files/111/494/814/989/746/041/original/44b4d7a2f1d3751f.jpg</a></li></ol></footer></blockquote>

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John Carlsen 🇺🇸🇳🇱🇪🇺 (johnlogic@sfba.social)'s status on Thursday, 30-Nov-2023 04:50:07 JSTJohn Carlsen 🇺🇸🇳🇱🇪🇺
in reply to
@VinesNFluff @Chromino @jaelisp
Note how the benefits in gains in productivity shifted away from worker pay after the most notable tax cuts for the rich, both post-JFK and especially during the Reagan years.
#TaxTheRich #economics
In conversationabout a year ago from sfba.socialpermalink
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1. "The Great Prosperity (1947-79) vs The Great Regression (1980-Now) Pay Rose With Productivity ... And Then It Didn't Wages and overall compensation, for production and non- supervisory workers (now about 82 percent of the private sector work force), tracked steadily upward alongside gains in productivity. The rising value of goods and services per worker meant rising pay. But that relationship ended in the 1970s." Chart illustrating changes from 1947 (baseline) in productivity (rising 119% from 1947 to 1979 and rising 80% from 1980 to 2009), average hourly compensation (rising 100% from 1947 to 1979 and rising 8% from 1980 to 2009), and average hourly wage (rising 72% from 1947 to 1979 and rising 7% from 1980 to 2009) Source: Robert Reich. New York Times. 9/4/2011
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