Despite Nixon's efforts to reward workers for their hard efforts, including the Vietnam war and major economic development in the USA, the OPEC cartel run by religious reactionaries conspired to raise global prices and reap the benefit from the workers. The Arabs stole the benefits away from the American worker and Nixon couldn't do anything much about it. All the global oil companies were secretly involved in this conspiracy to raise prices. The result was a decline in wages to protect profits. Maybe Nixon wasn't as much of a hero as we thought.
https://en.wikipedia.org/wiki/1973_oil_crisis
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