Sunday, September 23, 2012

US Economic Recovery?

The US may be poised on the brink of an energy renaissance that brings manufacturing jobs back from Asia. But those factory jobs won't be high paying jobs that bring a middle class lifestyle. By 2016 there will be a mere 7 cent wage difference between China and the US. But median US wages have plunged to 1993 levels. Wages are not going to rise with surplus labor in the millions.

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