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View Diary: IT’S THE ATROCITY, STUPID: At 43.5% of GDP, Wages Hit Their Lowest in the History of the U.S. (7 comments)

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  •  Does This Go Back to Colonial Times or Is This (3+ / 0-)
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    mookins, radarlady, cynndara

    only a record for the post 29 crash period?

    We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

    by Gooserock on Wed Dec 05, 2012 at 12:23:56 PM PST

    •  It is only data since about 1947. I am sure wages (2+ / 0-)
      Recommended by:
      mookins, radarlady

      were worse during the great depression

      A Graph of the data is on the St Louis Federal Reserve Fred Wesite but I don't think I can't paste it here

      That period too like this one now was characterized by extremely high wealth inequality.

    •  GDP was not kept prior to '29, (0+ / 0-)

      From about 1880 to 1929 the metric was Industrial Production, and even that metric was altered about 1900.

      FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

      by Roger Fox on Wed Dec 05, 2012 at 03:26:20 PM PST

      [ Parent ]

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