TrueValueMetrics ... Impact Accounting for the 21st Century


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Date: 2024-10-23 Page is: DBtxt001.php txt00023522

THE US ECONOMY
WAGES -V- PRODUCTIVITY AND PROFITS
My go-to graphic on the subject ... by Robert Reich decades ago

Peter Burgess COMMENTARY
For me, this has been a key economic idea for the best part of 30 years, maybe more.

After the second world war, there was a very constructive attitude to rebuilding economices and societies in order not to have the instability of unemployment that would likely occur as the military was deomobilised. In addition, substantial financial resources were mobilized in order to facilitate post-war reconstruction.

Sadly, the country that probably got the least benefit from these post-war initiatives was the United Kingdom that did not benefit from the Marshall Plan and was saddled with a huge repayment of 'lend-lease' moneys to the United States.
Peter Burgess

The text being discussed is available at

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