replies to Rakesh, Wojtek, Charles, Chris Anarchism / Marxism debates

Doug Henwood dhenwood at
Sat Aug 21 08:55:37 PDT 1999

Rakesh Bhandari wrote:

>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?


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