Birdwatch Note Rating
2023-08-16 13:03:12 UTC - NOT_HELPFUL
Rated by Participant: 074E7969CA56055B692815539ABD4E7B2CB2EB59793BB1A3E282A01F73E4CC1B
Participant Details
Original Note:
The reason why productive has increased but wages haven’t at the same rate is due to the devaluation of the US dollar, after President Nixon’s decision to leave the Bretton Woods agreement in 1971. Regan wouldn’t be president until 1980, 10 years after this phenomenon started. https://en.m.wikipedia.org/wiki/Bretton_Woods_system
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