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What’s Going Down with Real Wages?

May 18th, 2011

I agree with Krugman that when it comes to the economy, we’re mostly worrying about the wrong stuff.  Paul stressed jobs over current deficits, but here’s something else to legitimately wring your hands about: real wages—pay adjusted for inflation—are recently in decline for most workers. What’s that?  You thought they’ve been falling for a while? … Read more