Birdwatch Archive

Birdwatch Note Rating

2023-08-16 10:41:20 UTC - NOT_HELPFUL

Rated by Participant: D223B6605BBF8F2224CF0D1BBAA43CBBA5155B11F7929EFB2B65D35F462553E3
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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All Information

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