Re: The long march from Yenan to Barclays
On Jul 25, 2007, at 1:28 PM, Carrol Cox wrote:
Have workers in the u.s. benefitted as much from cheap commodities imprted from China et al as they have suffered in their wages and working conditions from that same fact?
Insofar as we can trust the price indexes - and for their flaws,
they’re a lot better than guesswork - the answer is barely if at all.
Aside from a few years in the late 1990s, real wages have been flat
to down for more than 30 years.
Doug