Regular reader Ryan P. Long, in response to my post a few days ago, "Krugman on a Wage Puzzle," writes:I've quite enjoyed your recent blog posts. The one on Paul Krugman's idea about wage stagnation was particularly interesting to me. Both his post and yours had me thinking about a hypothesis I've had since the big recession hit, and I want to ask your thoughts. The idea itself is pretty simple, although I haven't read much discussion of it in economics blogs: Globalization and outsourcing are putting severe downward pressure on U.S. wages, even for skilled work, and the "worst of this" (from the American wage-earner's perspective, notwithstanding their benefit as consumers) is yet to come. One example
David Henderson considers the following as important: Labor Mobility, Immigration, Outsourcing
This could be interesting, too:
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