&gt; industrial capacity has been rising<p>that is what &quot;more capital equipment exists&quot; means.  Its utilization of 87%+ in the late 1960s to below 77% in 2011 is the problem.<p>&gt; inflation-adjusted hourly compensation has never been higher<p>The chart you refer to is very obviously NOT inflation adjusted.  Adjusted for inflation it was higher in the early 1970s - it has fallen over 45 years.<p>&gt; making up random facts<p>I am citing data correctly.  You are pointing to charts showing hourly wages are 10 times what they were 50 years ago and saying they are not adjusted for inflation.