Great Regression
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Real wages in the US from 1964 to 2004. The stagnation or decline since the 70s is often cited as an example of the Great Regression
The Great Regression is the trend since 1981 of the reversal of gains made in wages, pensions, unemployment insurance, and welfare benefits in the United States and in Europe.[1][2] The trend was accelerated after the Late-2000s recession.[1]
This is in contrast to the Post–World War II economic expansion sometimes called the "Great Prosperity".
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