RYviewpoint

Funny how financial regulation and workers' salaries seem to march together:
Paul Krugman provides the above graph and then comments:

OK, correlation does not imply causation yada yada. The move to regulate in the 1930s was part of a broader crackdown on rampant capitalism, and the deregulation since 1980s was similarly part of a broader phenomenon. But it’s a good bet that finance is a key part of the story of how we got to where we are.

I'm betting it is more than simple "correlation". It makes sense to me that when the rich and powerful control the rule-making, suddenly the playing field is tilted and the great mass of workers find that their wages are stagnant while the top 0.1% start singing "Happy Days are Here Again!".

Hopefully the lessons of the 1930s have been re-learned and financial regulation will again be put in place to keep the playing field level.