WTF Happened in 1971? (2019)

The author obviously wants you to believe that it was the abandonment of the gold standard, but there are several other theories that have more credence with mainstream economists. The early 70's was the start of a horrible period of stagflation: stagnation coupled with inflation. Some do blame the loss of the gold standard, but the leading theory is the OPEC oil crisis. Others blame market regulations, the EPA was passed in 1970; the late 60s and early 70s saw…

Also note this rebuttal: https://singlelunch.com/2023/09/13/the-bad-economics-of-wtfh... With related discussion here: https://news.ycombinator.com/item?id=39144867

I've heard multiple explanations, some of them include. 1. The moving off the gold standard 2. A large number of women started entering the workforce essentially doubling the supply of labor. 3. The rise of MBAs and downsizing really became big. 4. Outsourcing and off shoring started to be introduced during this time 5. The 70's stagflation where we say inflation and high interest rates. These all seem to be plausible factors to me.

First state to legalise no-fault divorce was in 1969 and in the late 1960's was when birth control was becoming widely available. I suspect a lot of this is to do with the effective doubling of the full-time workforce. To be clear, I'm NOT saying women being able to work full-time is a bad thing. But I DO think that average people have been totally fucked by the transition to 2 person incomes economically. Prior to the 1970's, one middle…