Economy, Wages | featured news

High school dropouts’ earnings have fallen 66 percent since 1969, and people with some college – the median level of education in the US – have seen earnings fall by a third. Reasonable people can disagree about what caused this massive decline and what should be done to fix it. But it’s a major crisis and people like Conard who deny its existence are just wrong.

NEW YORK - With ''no end in sight'' for U.S. job losses amid a recession that could stretch into 2010, American workers will soon have to contend with another blow to their confidence: stagnant, or even falling wages. Lower wages, in turn, could further erode the outlook for the U.S. economy by hurting consumers' spending power.