Apparently you didn't read it closely enough and cross reference it with the US' economic history.
Quote:
Originally posted by DarkJedi
From the article
He was then asked, "Aren't we talking about an entire generation of lowered expectations in the United States for what an individual entering the job market will be facing?"
"It's tough to come to another conclusion than that," said Mr. Barrett. "If you see this increased competition for jobs, the immediate response to competition is lower prices and that's lower wage rates."
Does this sound like a good thing to you?
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