>So if you take out the last two exceptional years, real wages in the US
>have been stagnant since Keynesianism collapsed in the mid 70s.
I think it's an open question whether the last two years of real wage gains in the U.S. are exceptional or not. We'll have a better idea in the next recession, if we ever have one of those! You doubt the profitability upswing, underway since 1982 or so?
Doug