Im gonna respond in a sec

Yes, the government intervened

They signed laws that protected unions and workers

Cucked

"To them, government intervention was the savior that swooped in and rescued the United States from the horrors of capitalism during this period.

Objective analysis of this period, however, proves otherwise. In fact, the so-called Gilded Age was an era of unprecedented prosperity. The US went from an agrarian country to an industrialized country in a matter of decades. This growth was achieved with little to no government intervention.
Many of the present-day wonders we currently enjoy came from innovations that emerged during the Gilded Age — electric lighting, public sanitation, railways, and telecommunications; just to name a few. Contrary to what the history books say, a gargantuan administrative state was not necessary to achieve all of this. US economic growth did not miss a beat. Economist Robert Higgs recounts how from 1869 to 1908 the US capital stock grew from $27 billion to $165 billion. Such increases in the capital stock allowed for improved worker productivity, thus making society wealthier. With time, the US would join countries like the United Kingdom as economic powerhouses and lead the way as an innovator during the Industrial Revolution.

Regardless of its flaws and shortcomings, the Gilded Age's enormous gains in incomes and standards of living showed what individuals were capable of creating when the government was shackled." @Anon365

respond and tag me here

or message me privately

its 3 am here

gn

Gn man

We're talking about workers right's, not how good it did to America

unless under 140 iq do NOT respond

and yes merica prospered because of the workers esintein. The workers would not work if they were treated poorly

just tag me

gn

@ventuz They were treated poorly

I’m 139 IQ

0_0

Workers will still work if they were treated poorly, some of them will remain because they dont have another job to choose from that is as beneficial.

@ventuz Working conditions were terrible back then, employees would have to work long hours and would barely get any days off. They were also given little money. That all ended after the 30s when the government gave protection to unions and workers and introduced a minimum wage.

@Anon365 umm, hey, what is this all about?
Im confused

We're talking how government intervention helped improve workers right's

Usually its never the governments fault. Its only the business who has said workers. They determine their pay and conditions. So long as they abide by government regulations and laws.

Government intervention in the economy did help in many ways, but it was exceedingly rare before the Progressive Era and was only a temporary benefit - rising productivity helped bring everyones’ standard of living up (in the end, regardless of whether they were poor or not)

Nobody is complaining about helping workers rights and creating the middle class they’re complaining about the ridiculous tax laws and regulations that do pretty much nothing

@Strider WHAT NO. Thhis is economics 101, workers wages are set by supply and demand and also @Anon365 people wouldnt work for bad conditions. @Leo (BillNyeLand) really? The price controls really helped the economy around 1960-70s, they helped with the 2008 recession?

@Anon365 disparity is not related to quality of life

Income inequality is not related to the quality of life or gdp growth

Turkey is more equal than usa and Germany but it’s clearly not better

I said working hours decreased while real wage increased

Obviously working conditions were worse@than today but that’s due to technology

Many of the present-day wonders we currently enjoy came from innovations that emerged during the Gilded Age — electric lighting, public sanitation, railways, and telecommunications; just to name a few

We had a drastic increase in life expectancy and wages

The quote is wrong my dude

Government intervention has actually been causing inflation and recessions across time and the purchasing power has been declining since the FED was introduced. So if anything they are slowing the increase or actually decreasing the real purchasing power. @Strider @Anon365

The government is not usually right they are ALWAYS wrong. Almost always. They’re behind every single recession, every single downturn and almost every problem.

The shorter work week is entirely a capitalist invention. As capital investment caused the marginal productivity of labor to increase over time, less labor was required to produce the same levels of output. As competition became more intense, many employers competed for the best employees by offering both better pay and shorter hours. Those who did not offer shorter work weeks were compelled by the forces of competition to offer higher compensating wages or become uncompetitive in the labor market.

Labour unions didn’t do much

Same with child labour, when child labour was declining on it’s own. Union backed legislation came in

Price controls are one of the more inefficient and distorting forms of market intervention, in most cases. There are many other alternatives to price controls.

Although I don’t think there were really many in place leading up to 2008?