>/pol/ will defend this

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>>127931537
what is your suggestion to combat this?

>>127931537
I blame regulation and immigration.

>>127931537
Point of departure is when Nixon abolished the gold standard

Productivity was at 0% in 1948? Lazy fucks.

>>127931537
Nothing to defend here, retard.

>large corporations don't want to pay higher wages
>pay globalist dems to import spics/nogs for cheap labor
>everybody loses

Abolish capitalism.

>>127931637
import more niggers obviously

>>127931537
No I will not defend globalization and mass immigration.

>>127931787
Ding ding ding, we have a winner! Returning to the gold standard is absolutely vital if we (the West) want to become truly prosperous again.

Automation, mass immigration...

>>127931537
no we don't
you should meme that we blame THE POOR BROWN PEOPLE for it

>>127931537
Both automation and immigration.
Economic growth is slower than technologic growth.

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>>127931863

>>127932133
ID check'd

>>127931537
>computers are really good at doing computations
>50 guys and a good computer can do the work of like 1000 people
>"burger flippers should get paid more thanks to these nerds and their computers"

>>127931537
>/pol/ defends mass immigration and economic globalization.

Ok.

>>127931537
Yall niggas posting in a slide thread

>>127931537
What this chart shows is that machines (who don't get paid wages) are very productive. Yes, I'll defend it. Technological Accelerationism is the final redpill

How's net productivity measured?

How does capital investment scale with net productivity increase?

What industries are they measuring? Manufacturing, service, auto, what?

>>127931537
Equipment costs. The guy operating the machinery isn't the one doing installation and maintenance.

>>127931963
>>127931787
>muh gold

>>127931537
>/lefypol/ will claim immigration has nothing to do with this

>>127932647
Gold has been true money for over 5000 years and will return to its deserved status sooner than most realise. All fiat currencies throughout history have failed, no exceptions.

>>127931787

Nixon didn't abolish the gold standard, FDR did in the 1930s, you dumb faggot.

>>127932997
>what is Bretton-Woods

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>>127932541

Now that is using your head for more than a hat rack.

>>127931997

"Poor brown people" are poor because of idiot liberal faggots like you who do nothing but enable laziness and criminality you stupid rotten faggot goat fucker!

>>127932997
>Nixon Ends Convertibility of US Dollars to Gold and Announces Wage/Price Controls
>August 1971
>With inflation on the rise and a gold run looming, President Richard Nixon's team enacted a plan that ended dollar convertibility to gold and implemented wage and price controls, which soon brought an end to the Bretton Woods System.

Good goyim!

>>127931537
human labor is worth less than it was. Much of that increase in productivity is from technological advances. Fuck useless people.

>>127931787
It's also trailing shortly after women joined the workplace and immigration was reformed to bring in Mexicans. All of these things have continued to increase over time as well.

>>127931863
American education, ladies and gentlemen.

>>127931537
Kek, that's right when the dollar stopped representing anything but debt and oil debt

>>127932997
Pretty sure Nixon decoupled the dollar being gold backed.

http://www.zerohedge.com/news/2016-06-13/x-marks-spot-wages-started-losing-when-dollar-delinked-gold-1971

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>>127931537
Carry on you peasant cucks and blame everything but the powerful who steal your hard earned wealth.

>>127931537

What happened in or around 1972? Oil embargo?

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>>127931537
No the fuck I won't. This is because of women's suffrage and mass immigration. Both of these things need to be reversed.

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Yeah but what about the invisible hand

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>>127931537
Actually, a lot won't
>implying /pol/ is one person

>>127934495
more

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>>127933986
Women entered the workforce in full.

>>127934265

This. Women entering the workforce doubled the labor supply, and mass immigration provides a large supply increase every year

couple that with technological improvements and you get that graph

>>127931637

Mandate all states raise the minimum wage in small increments year over year and enforce restricting immigration

Stop posting in this slide thread you dumbasses.

>>127933230
>>127933833
>they didn't pay attention in history class
It started with the devaluing of gold against the dollar. At some point earlier the gold to dollar ratio was taken from a stable 1 to 1, and made into something like .9 to 1 or something. This continued over time until Nixon just dropped the gold backing in general.

>>127932647
It's the psychology attached to a gold based economy we need, not the gold itself.
The jews can't jews if gold back the economy.

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>>127931537
It's almost like it happened right about the same time they stopped making the coinage out of silver...Minimum wage in 1964 was $1.25 an hour...according to them adjusted for inflation and whatever else that is equal to $8.79 today. In reality, 6 silver quarters today is worth $18.84, the purchasing power of precious metals hasn't really changed for a very long time...a $20 dollar gold piece would buy you a high end rifle back in the 1800s...that same gold coin is worth about $1300 dollars today...which would buy you a high end rifle...you kind of get the picture.

>>127934924
yay! feminism.

>>127938836
Sorry bad math... I meant 5 quarters and $15.70.

>>127931963
Gold standard will slow growth. Credit crunch.

>>127938836
Problem is the value of goods/services is subject to human desire and motivation. Precious metals were hideously overvalued due to the credit crunch with demand pushed higher by shilling and fear mongering during the same era, prices are still much higher than they should be. Also the rifle you can purchase today for 100 bucks will top anything from the 1800s.

>>127939893
It would be hard to go back now without causing a complete collapse. Fiat currency systems are garbage, but I am sure it makes it infinitely easier on the Central banks when they want to manipulate currency values and funnel wealth out of the middle class...kind of hard to do when the currency is directly tied to a tangible asset.

>>127938836
True
>>127940744
False with truth sprinkles

>>127940744
True, but I think gold and silver have really settled down again. They are still on the high side, but nothing like it was for those couple years when gold was almost 1800 and silver was inching towards 50. Obviously you can buy very cheap things nowadays that are leaps and bounds better than what was available back then...but you have to consider the time periods separately, a very high end rifle of that time period is roughly the same cost in precious metals as a very high end rifle of this day. It is just like how gas used to be anywhere from a dime to a quarter a gallon back when the silver was still in circulation...that is about $1.15 - 3.14 worth the silver today. The actually value of most goods hasn't really changed...the thing that has changed is how much people in the working class are compensated for the work they have performed. Switching from the precious metal standard made it much easier to siphon off wealth from the working class. It might appear that wages have been adjusted accordingly over the decades to keep up with inflation, but once you look at wages of the past and and use precious metals to actually get a better idea of the purchasing power those wages had, you realize that it hasn't kept up at all.

>>127931537
Why would we defend it? We have been redpilled on the Federal reserve, which is the cause of that, since you were shitting your diapers

>>127942259
To clarify, I meant the value of goods in relation to precious metals. x amount of silver still gets you the same amount of gasoline today as it did in the 50s and 60s.

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>>127931537
productivity always increases its called technology.

>>127931537
(((Feminism))) doubled the workforce in the 70s. That's what happens to wages when you have double the labor force.

>>127931537
there is a reason republicans worshiped reagan...

>>127931537
>implying every nigger flipper starbucks piss handler is really productive
>implying engaaneers, progranerdz and automation haven't improved the overall productivity
>implying illegal niggaz count for overall productivity

>>127943184
Why would this matter if you also doubled the consumer base? It's not like the workforce doubled and the consumer base remained the same size. Every new person that enters the workforce also enters the consumer base. You can clearly see that wage stagnation coincides perfectly with the transition to a completely fiat currency.

>>127944296
women were consumers before they were workers buddy.

>>127931537
Only retards do more work then they have to with the current way things are.
If you finish your work early and turn it in, you'll just get given more work and not get paid extra. On top of that, you'll be expected to keep that rate up or get fired.

>>127931537
>Wages go down when Baby Boomers have been in the work force for 10+ years, meaning they're now managers and in charge

REALLY MAKES U THINK

>>127944826
Buying groceries with the money your husband earned doesn't really make you a consumer.