So why *did* U.S. wages stagnate for 20 years?
So why *did* U.S. wages stagnate for 20 years?
The article explores the potential causes for the 20-year stagnation of U.S. wages from approximately 1973 to 1994. It examines various theories, including productivity slowdowns, financialization, the decline of unions, inflation, and early trade competition, but concludes that no single theory perfectly fits the timeline, leaving the phenomenon largely unexplained.
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a very intense focus at looking at a few graphs with the sole focus of having them line up.
and all to end up with the "there likely was not one root cause, but many combined".
i would rather look at what is the short and long term impacts of stagnation and how wages factored into that. get into the "why" and "so what" of chasing this question, especially if there isn't a satisfactory answer to the title of the article itself.
with that said, it is useful to see how one tackles such a question, the different questions posed (and different people that came together to augment the discussion) and also see how and what impact NAFTA had on wages.
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