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Median wages were essentially unchanged between 1979 and 2017! ($335 and $345 per week respectively, 1982-84 dollars).

During this time frame, real per capita GDP almost doubled, going from $32,322 to $60,00.

This, of course, means that nearly all of the massive productivity gains during these four decades went to capital rather than labor, with the exception of what was siphoned off by employer paid benefits to fund The Best Medical System in the World ™.

lawyersgunsmoneyblog.com/2024/

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