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Current Trade Deficit:    
Charting the Real State of the U.S. economy - Slide 22 of 23

THE REAL GOOD TIMES FOR MANUFACTURING WORKERS

During the 1960s expansion, moreover, before the great opening of the U.S. economy to trade, manufacturing wages grew considerably faster than during the 1990s expansion. Chart Twenty-One shows that inflation-adjusted wages during the 1960s expansion outperformed such wages during the 1990s boom even though the 1960s expansion was more than a year shorter.

   


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