Ending The Good Times - Exporting America’s High-Wage Jobs (tags)
The growing ability of U.S. employers to substitute cheaper foreign labor for U.S. labor is putting pressure on U.S. wages and salaries. On April 26 the New York Times reported that the real earnings of those in the top ten percent fell 1.4% over the last year. The real weekly pay for the median worker fell 1.5 percent.