Things are not as bad as they seem if you turn the clock back 50 years - News Summed Up

Things are not as bad as they seem if you turn the clock back 50 years


When I first set out as an economist back in the late 1980s, history started in 1979. Today, the financial crisis marks the beginning of time. Naturally enough during the long period of Conservative rule that started in 1979, the point at which Margaret Thatcher became prime minister became the anchor point. So we traced the rapid growth in earnings and the accompanying rapid growth in inequality from then. And now, of course, we compare everything to one of the other great turning points — the financial crisis of 2008 or the…


Source: The Times May 26, 2019 23:00 UTC



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