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imightbebatman
25 days ago
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The labor share of income in the US is at its lowe...
The root of this started in the 70s as the New Deal coalition decayed and Keynesian economic theory fell out of favor among the elites.
To be fair their were good reasons at the time to think it wasn't working either.
to11mtm
25 days ago
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Worth noting that the Bretton Woods system was -not- quite what Keynes wanted...
imightbebatman
25 days ago
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No, yea that's fair. I think he'd be even more confounded about the current state of affairs though. Just my read.
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To be fair their were good reasons at the time to think it wasn't working either.