Not only has the dollar lost purchasing power, the wage earner also received a smaller portion of the pie. Exec and shareholder portions have grown, too.
Today, people work the same 40-hour workweek as they did in 1970, and the average worker’s productivity has soared, suggesting they should be better off than before.
However, quality of life has plummeted as the purchasing power of the dollar falls. https://video.nostr.build/b33fa71962493f1096125dcd00c585aa6b6c9d2b218a04d1c6aa1fea8ae0dd49.mp4
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