[danmaz74]

To the contrary of the contrary - if you look at the chart, you'll see that in the late seventies and earliest eighties there were stops to the growth of wages, but they coincided with stops to the growth of productivity. It is well after Reagan took office that the two graphs start diverging - the productivity rises steadily, BUT wages don't.

As to the economic woes of the seventies, how much did they depend on policy, and how much did they depend on the oil crises? Anyway, I don't argue that everything was perfect before Reagan. I just argue that wages stopped being tied to productivity after him.