(From 1997 but still relevant.) Real wages for most Americans have been falling for more than two decades. But what is the culprit? Is it the decimation of unions? The falling value of the minimum wage and the loosening of regulations meant to protect workers? Technology, by raising the demand for highly-skilled workers while the need for those with lesser skills falls? Or is it international competition, by destroying high-paying factory jobs and driving wages toward third-world levels?
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