Wage Stagnation Era Begins: Productivity-Pay Gap Opens as Union Power Collapses
After three decades of wages rising in tandem with productivity (1948-1979), the fundamental relationship between worker productivity and compensation breaks down completely beginning in 1979, marking the start of 45+ years of wage stagnation despite continued productivity growth. Between 1948-1979, …
American workers
Corporate management
Federal Reserve
Business Roundtable
labor-suppression
wage-stagnation
productivity-gap
union-decline
inequality
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