Module 01

The 1971 Illusion

Why you earn barely more than your parents did at 25. Despite iPhones, internet, and Google.

Keyboard: space = play/pause · ← → = back/forward 5 s · F = fullscreen · M = mute

Made with AI · Google NotebookLM

We start with the biggest untold trend of the last 50 years: productivity exploded, real wages barely moved. What happened in 1971? You'll see the charts (FRED, Piketty-Saez) and understand why saving alone won't make you rich.

Sources & links

Everything discussed in the video — charts, studies, websites and books — here in the original.

PDF All charts from this video as a PDF (high resolution)
Data FRED · M2 Money Stock (M2SL)
Data FRED · Real Median Household Income (MEHOINUSA672N)
Data FRED · Case-Shiller U.S. Home Price Index (CSUSHPISA)
Data FRED · Wilshire 5000 Total Market Index (WILL5000IND)
Data Robert Shiller · Online Data (Yale) (archived copy)
Article Economic Policy Institute · The Productivity–Pay Gap (archived copy)
Data World Inequality Database (Piketty & Saez)