enter the fray: our reader discussion forum
Re: Real Wages Are Falling....And Not Just In America!
by genedio

"The continued deterioration of real wages worldwide raises serious questions about the true extent of an economic recovery, especially if government rescue packages are phased out too early," Tomei said.

Excuse me, but when I read "government rescue packages", my first thoughts are of the trillions of dollars in Wall Street bailouts. I'm sure this is not what Tomei meant? But how can government rescues create real demand for workers? If GM is going out of business because no one wants to buy their crappy cars, is government going to help them redesign better ones?

View complete thread