LLM says: Around 1950–1951, the Korean War triggered a sharp inflation spike, with consumer prices rising faster than wages could adjust. If this chart mixes—or poorly adjusts for—nominal wages and real (inflation-adjusted) wages, it can create the appearance of a sudden “drop” that’s really just a lag in purchasing power, not wages being slashed.

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Prisoner24601's avatar
Prisoner24601 2 weeks ago
Thanks thats what I was thinking.. didn't make sense for wages to suddenly drop in a post-war boom