[Penner]

In other words, anyone believing in modern economics should recognize that manufacturers aren't facing a chronic labor shortage. If they were, they wouldn't be cutting wages.

Ouch!

Instead, they face a shortage of workers willing to accept the paltry wages they have been offered. How paltry? The latest figures from the U.S. Department of Labor show that after peaking in1978 – yes, 28 years ago, inflation-adjusted wages for manufacturing workers have fallen back to levels they first hit in 1972.

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[RipSawyer]

U.S. Department of Labor show that after peaking in1978 – yes, 28 years ago, inflation-adjusted wages for manufacturing workers have fallen back to levels they first hit in 1972.>>>>

In my humble but honest opinion, they are lower than in 1972.