So, what happened?

Disconnect between money and value.

They disconnected the gold standard allowing "currency to be printed to infinity. This caused the biggest wealth gain for the middle class in history up until 2001 "dot com" bubble. Its been downhill since then.
They told us the shits fucked in 2008 and boomers didnt care because they wanted to keep all their stolen credit from the 70s 80s and 90s (stolen because thats what credit and loans are - printing money from the future today)

Boomers (especially women) are the enablers that keep you inline and gaslight you into working for fake money that has no value.
Jew are the perpetraitors who print the fake money and worship it like a god.

Besides technology..
Plastics became affordable.

women are retarded and isolated form hearing anything that isnt being espoused by the consensus opinion

Americans earn the fattest wages and have twice the "productivity" (a pseudoscientific term at best) of Europeans. Americans have no fucking clue how rich they are compared to the rest of the world.

Do you think you deserve $700k of gold a year to sort factory widgets?

That's literally what the chart is trying to victimize.

printing money

women working en masses because we are le strong!

jews fucking up everything

Computers and automatization. Many task that took many hours can now be done with a click of a button. Why pay someone more because technology makes it easier and faster?

Boomers started working for free

i work as a cashier part time and i make as much as 80th percentile brits. it's kinda retarded, but i work hard.

nixon shock

I thought it was at 100+ USD at this point

The widgets are all sorted by million dollar machines and the profits are going to a few hundred people instead of a few thousand. And if it's not machines doing the work like in beef processing plants, it's illegal migrants working for 1/4 the price. Now combine both of these facts and devalue the money by a factor of 100x by leaving the Bretton Woods system and moving into Fiat. Keep in mind all of the bad things happened almost immediately after JFK got his head blown off and the CIA and Mossad took control of our country.

This is why is ridiculous. Labour participation in 1971 in the US was pathetically low (43%) and the economy wasn't great but still slightly above Europe, with greater participation the economy has skyrocketed enormously past most of the world

This is an amazing image

None of the attempted explanations itt actually address the issue.
It doesn't matter if the dollar is backed by gold or nothing at all, greedy business owners (who are, let's face it, overwhelmingly white and male) simply refuse to adjust their wages according to inflation, and the workforce (who are, once again, overwhelmingly white) don't do jack shit about it.

This is YOUR fault. Hold employers responsible.

Ah yes, 1971, the year when human beings became greedy. Nobody was greedy before 1971.

greedy business owners

What sort of business do you run and how much do you pay your employees?

what happened?

Didn't you pay attention that last few dozen times this thread was posted?

Going off the gold standard meant that new money (via debt) could be created without any limit, which enables a perpetual fiscal deficit and, in turn, a perpetual trade deficit.

By the time workers get the wage increase, the prices have already gone up and the value of the money they receive has reduced. The economy is distorted with new money chasing speculative assets and labour becomes less lucrative even though it creates real value.

nigga has NEVER seen a business's P&L statement

women in workforce, mass immigration, end of gold standard

yeah probably after covid

/Thread

Now stop posting this, op.

Im glad someone gets it

Now stop posting this, op.

Its ((( CENTRAL BANKING ))) too.
I see why ((( you ))) are so eager to stop the discussion

basically france sabotaged bretton woods and western financial stability by liquidating dollar reserves and instead started using gold themselves

reminder american man, europeans are our biggest enemy. they are back stabbing rats that would sink the ship if it meant destroying americans

it's not backing the dollar by gold it's pinning the dollar to gold then setting a fixed rate for gold which actually works when you don't have back stabbers like france pretending to be allies

You proved them right by stabbing everyone else who didn't do that in the back by removing the dollars convertibility to gold

women are so fucking retarded

simply refuse to adjust their wages according to inflation

this happens in reverse you know, if you stop printing money and cause deflation, then workers wont accept their wages being adjusted to deflation, giving them the advantage.

why are you defending france, are you just another shitskin occupying the uk or a scottish subhuman taking a break from role playing as a diaper babby in vr chat? bretton woods dissolving fucked your country over the worst and you didn't recover until the 90s