Falling wages for wage earners- how are we going to keep the consumer economy consuming if workers do not get paid enough to survive? this is the lesson we were supposed to have learned after the great depression, but somehow, some parts of our economic superstructure just don't get it.
The New York Times > Business > Falling Fortunes of Wage Earners: "eginning in the mid-1990's, pay increases for most workers slowly but steadily outpaced the rate of inflation, improving the living standards for nearly all Americans. But an unexpected reversal last year in those gains has set off a vigorous debate among economists over whether the decline is just a temporary dip or portends a deeper shift that may cause the pay of average Americans to lag for years to come."