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[–] 20371443? 0 points 5 points 5 points (+5|-0) ago (edited ago)
Bretton woods had nothing to do with real income growth.
It was dumping the women onto the workforce. You had roughly double the warm bodies to do roughly the same amount of work.
Or as an economist would put it:
Increasing Supply while holding demand constant will cause deflation.
In this case the deflation was in worker’s compensation.
The only reason the most retarded house plant can’t see it is because of the inflationary pressures of fiat money. If we had stayed on the gold standard wages would have LITERALLY gone down. But with fake money only buying power went down while the number of dollars floated higher.