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Has Business Been Exploiting Labour since 1971? with Gene Epstein (SLP527)

Has Business Been Exploiting Labour since 1971? with Gene Epstein (SLP527)

Stephan Livera Podcast vor 2 Jahren

0:00

1:13:43

Many Bitcoiners have seen or shared around the images that show
Labour Compensation (wages and other benefits) diverging from
Labour Productivity since 1971, particularly from sites such as
wtfhappenedin1971.com. Rejoining me today is Gene Epstein to
break down why this chart is flawed! We also talk about broader
issues around CPI, whether inflation is over or undercounted, and
cost of living pressures that so many people are facing today.
The conclusions will surprise you!We talk:

Labour Compensation and Productivity

Nominal dollars and issues with price indexes

Is CPI overstated?

Are we poorer than we used to be?

Cost of living crisis

Can you make it on a single income these days?

The real problems

Links:

X: @GeneSohoForum

WTFhappenedin1971 site spoken about:
https://wtfhappenedin1971.com/

Gene’s Soho Forum Website:
https://www.thesohoforum.org/

Book: Econospinning: How to Read Between the Lines When the
Media Manipulate the Numbers

Gene’s Mises Institute Lecture cited:
https://youtu.be/h9BE1YIrqyE?si=J5ia_Q18OjGcdB6-

Sponsors:

Swan.com (code LIVERA)

CoinKite.com (code LIVERA)

Mempool.space

Stephan Livera links:

Follow me on X @stephanlivera

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