Owning Assets in America is a Must: Wages Are a Diminishing Return

It is really fun to look at economic data starting in 1971 and there after. For those that don't know, 1971 is when the U.S. went off the gold standard.

Since then some interesting things have happened economically, most of which has not been favorable to wage earners.

Take for example the below chart

Less Income Coming from Wages

As you can see there has been a consistent decline in the amount wages makes up of total gross domestic income.

Basically it means, if you don't own assets (ideally ones producing income) or own a business things are not favorable for you at all. You are working from an ever shrinking smaller pie.

Inflation, the silent killer

A big reason for the above income issue is that of inflation. Wages just haven't kept up while assets continue to increase.

I mean look at how crazy inflation has been since leaving the gold standard.

That is just wild.

For more fun charts like these visit https://wtfhappenedin1971.com/

In the meantime I will keep stacking crypto and other assets I can produce income from.

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