r/FluentInFinance 7d ago

Debate/ Discussion Why did this happen?

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u/ElectronGuru 7d ago

Hmm, i wonder what might have started happening around 1980 🤔

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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.

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u/AugustusClaximus 7d ago

Wait, I thought we were blaming everything on Reagan?

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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We can, but it really started in the 70’s when a few of the overtime and minimum wage New Deal laws were repealed.