Real wages were down ~15-20% from 1970 to 1979... so, not a good year to anchor on.
Where are you sourcing that data from? The graph I linked using data from the U.S. Bureau of Labor Statistics doesn't go back that far, so comparing to 1970 would not be possible.
alt Hacker News
Where are you sourcing that data from? The graph I linked using data from the U.S. Bureau of Labor Statistics doesn't go back that far, so comparing to 1970 would not be possible.