image missing Date: 2021-10-17 Page is: DBtxt003.php L0900-MBF-NYSE-SandP500-Chart-1950-2016


MONEY, BANKING and FINANCE
NYSE ... S&P 500
What this shows
Stock markets have gone up. When stock market indices like the Dow, S&P 500 and other indeces go up, the general public, journalists and politicians consider it to be good
Stock market prices have increased
The increase was relatively modest from the end of WWII until the 1970s and 80s. From the early 90s to the present time the market price increases have been spectacular.
But why?
Very little correlation with quality of life for most people
From the end of WWII to around 1980 the benefits of prouctivity were shared between investors and workers in a reasonably equitable manner. After 1980 the share of profits enabled by massive improvements in productivity were allocated almost totally to owners and very little to workers.
Almost everything was done in this period to enable profit and wealth accumulation by owners, and at the same time, in the USA, there was a serious weakening of workers' rights to collective bargaining and decent wages. This was accompanied by many examples of disruption where profit was realized at the expense of those that were made redundant.


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