Quote:
Originally posted by Skeks in the city
The US because of supposedly free trade with China and India. (Of course, it's not actually free trade because of their currency manipulation and various trade barriers.) It's not just high levels of productivity that have prevented wage gains during the current economic expansion. Corporate profits, in contrast, have been doing quite well.
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Real wages have gone up every decade in America since the end of WWII. And what makes you think wage gains have been supressed by China and India. This whole argument is ridiculous because the facts have made any argument moot. You look at any example of free trade in the world and the results are in. The more open your trade is the better the standard of living for your working class. Any time you try and restrict free trade it is the poor and the working class the get it the worst. Unions don't care about the poor and the working class. They just care about keeping the jobs that exist. They don't care about creating new jobs, or higher paying jobs. They just want to protect the jobs that exist at this time. Consequently all they do is push for economic policies that prevent flexilibity in the economy thereby depressing incomes at every socioeconomic level.
