On Jul 25, 2007, at 1:28 PM, Carrol Cox wrote:
> Have workers in the u.s. benefitted as much from cheap commodities
> imprted from China et al as they have suffered in their wages and
> working conditions from that same fact?
Insofar as we can trust the price indexes - and for their flaws, they're a lot better than guesswork - the answer is barely if at all. Aside from a few years in the late 1990s, real wages have been flat to down for more than 30 years.
Doug