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by 1cvmask 1812 days ago
It also corresponded with massive illegal and legal immigration entering the labor force of over 50 million individuals (unions were always against immigration for the labor supply competition reason). In addition, there was not a commensurate increase in housing stock in many urban centers and areas leading to more of your income swallowed by rich landlords.
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To be fair the immigrants have a much better life in the US, and if you're worried about the US population dropping, boy would it have dropped more without that immigration wave.