Good point; wages have been stagnant or dropping for years. Anyone I know who lost a decent job and got another in the same field is making less money, as though big companies just swapped their workers to re-set wages and vacation time accrued. It seems to be the ones having the hardest time making the adjustment are women over 50; they are in denial that the 9 to 5 job with two fifteen minute breaks and an hour lunch is a thing of the past.
All this fear about Asia surpassing us was justified; it happened years ago. 1/2 of the world’s population lives between Red China, India, and southeast Asia; we’re irrelevant compared to those numbers (and I believe this plays a role in our de facto amnesty policy). Asia doesn’t have to toil as the sweatshop for the West; they have their own middle classes now.
