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> clearly appears that something significant and non-random happened in the 1970-1972 period

How are you cutting it off that cleanly? How about this: pick a chart and I'll find the data. We can then look at the numbers and see if something significant happened in '71.




Sure, how about the first 2 graphs on the linked site?


In both cases the point of divergence appears to be ~1975.


Are we looking at the same graphs? To me, in both cases, there seems to be a clear change in the wage growth line right at 1971-72.


The only portion of the graph with divergence around 1971 in the first two graphs is the GDP line. The first graph is even worse -- the divergence is higher in the late 60's than it is in 1971.




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