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Let's look at ... wages adjusted for inflation. ...In the late 1970s there was a definite phase transition. Up to that point, for the previous two ge… - Peter Turchin
" "Let's look at ... wages adjusted for inflation. ...In the late 1970s there was a definite phase transition. Up to that point, for the previous two generations, the wages for both unskilled and manufacturing workers had been growing quite rapidly and almost linearly... [W]ages for manufacturing workers increased... fourfold... a quite remarkable achievement... [I]t was unprecedented in human history to see such a long-term sustained increase in general well-being. Then... the wages stagnated, or even declined. So what was the reason?
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About Peter Turchin
Peter Valentinovich Turchin (born 22 May 1957) is a Russian-American complexity scientist, specializing in an area of study he and his colleagues developed called —mathematical modeling and statistical analysis of the dynamics of historical societies. He is currently Editor-in-Chief at Cliodynamics: The Journal of Quantitative History and Cultural Evolution. As of 2020, he is a director of the .
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P Turchin
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Peter Valentinovich Turchin
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Immiseration is important, but... societies can... be pretty stable with quite a lot of immiseration. As long as the elites are united and the state is strong, the state can suppress all those peasant rebellions... All "successful" revolutions and civil wars were the result of the intraelite conflicts. Even today, if you look at Donald Trump, who is sort of the main "revolutionary" so to speak, ...he is not particularly immiserated himself, but he's channeling... the tens of millions of immiserated Americans.
In the United States, we have stagnating or declining real wages, a growing gap between rich and poor, overproduction of young graduates with advanced degrees, and exploding public debt. These... social indicators are... related... dynamically. They... experienced turning points during the 1970s. Historically, such developments have served as leading indicators of looming political instability. ...50-year instability spikes occurred around 1870, 1920 and 1970, so another could be due around 2020.
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[D]isease outbreaks occur much more frequently during... crisis periods. Such epidemics historically have had a disproportionate effect on the less advantaged... and the Covid-19 pandemic was not an exception. ...[I]n terms of ... the pandemic... further worsened the well-being of large swaths of the American population... consequently, drove up the mass-mobilization potential. ...[G]overnmental dysfunction in dealing with the pandemic, coupled with intra-elite infighting, will likely further depress... trust in government institutions. Thus... the coronavirus has... further destabilize[d] the American .
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