click link
snip
Wage competition was a familiar if slower-moving dynamic of the pre-global age, but it took place almost exclusively within national confines, as when a new auto works in the 1980s bypassed unionized Detroit in favor of nonunion states in the American South, which in turn kept Detroit wages under pressure.
More recently, Mexico has added to the downward pull on U.S. earnings when, for instance, a company like Brown Deer, Wis.-based Badger Meter Inc. opened production facilities in the border city of Nogales.
To be sure, pressure on U.S. wages comes from multiple economic forces, not just from cheaper foreign labor.
"We have gone through the worst recession that we have seen since the 1930s," said William Strauss, a senior economist who studies the Midwest at the Chicago branch of the Federal Reserve Bank.
Unemployment has r
No comments:
Post a Comment