The main reason for the decline in real wages in the 1970s and 1980s was

Question

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The main reason for the decline in real wages in the 1970s and 1980s was the low rate of productivity growth. Despite increases in worker productivity, wages remained stagnant, resulting in a decline in real wages. This was due to various factors including global competition, corporate restructuring, and a decline in union membership. The influx of women into the labor force contributed to the overall increase in productivity, but did not have a significant impact on real wages.

The Main Reason for the Decline in Real Wages in the 1970s