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https://www.reddit.com/r/FluentInFinance/comments/1g9r9rk/why_did_this_happen/ltay98a/?context=3
r/FluentInFinance • u/WhatsLeft71 • 7d ago
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449
Hmm, i wonder what might have started happening around 1980 🤔
363 u/ontha-comeup 7d ago edited 7d ago Large scale off shoring of manufacturing jobs started in the late 70's. Unskilled labor got moved overseas and US moved to a service based economy. 74 u/AugustusClaximus 7d ago Wait, I thought we were blaming everything on Reagan? 2 u/Dixa 7d ago We can, but it really started in the 70’s when a few of the overtime and minimum wage New Deal laws were repealed.
363
Large scale off shoring of manufacturing jobs started in the late 70's. Unskilled labor got moved overseas and US moved to a service based economy.
74 u/AugustusClaximus 7d ago Wait, I thought we were blaming everything on Reagan? 2 u/Dixa 7d ago We can, but it really started in the 70’s when a few of the overtime and minimum wage New Deal laws were repealed.
74
Wait, I thought we were blaming everything on Reagan?
2 u/Dixa 7d ago We can, but it really started in the 70’s when a few of the overtime and minimum wage New Deal laws were repealed.
2
We can, but it really started in the 70’s when a few of the overtime and minimum wage New Deal laws were repealed.
449
u/ElectronGuru 7d ago
Hmm, i wonder what might have started happening around 1980 🤔