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Politics : Formerly About Advanced Micro Devices

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To: Wharf Rat who wrote (1545865)	6/30/2025 3:47:04 PM
From: Broken_Clock	1 Recommendation Read Replies (1) of 1576323

charleshughsmith.substack.com "I have endeavored to explain how our economy has changed dramatically over the past 50 years beneath the surface. Nothing that's going to happen in the future will make sense unless we understand this, so refill your beverage of choice and let's go through what changed. Wages gained ground 1945 - 1975, and lost ground 1975 - 2025. In the "glorious 30" (Trente Glorieuses) years of sustained global growth 1945 - 1975, wages' share of the economy remained around 50% of the nation's income. As the economy expanded, wages increased in step with the economy. Since the mid-1970s, that trend has reversed. Wages have lost ground for the past 50 years. As the economy expanded, wages's share declined, meaning the economy's gains flowed to capital rather than wages. (Chart #1 below) This wealth transfer was non-trivial: $150 trillion was siphoned from wages to owners of capital."

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