Factory Shift Fails to Lift U.S. Worker Wages
Over the last 16 months, wages for production workers have fallen 2.6%, even as consumer prices rose 1.3% in the same period. Analysts say that the demand for jobs is higher than workers, and so employers are able to keep labor costs low. Some production companies, like General Electric, have begun moving factories back to the U.S. from places like China and Mexico.
See "Factory Shift Fails to Lift U.S. Worker Wages", David Wilson, Bloomberg News, May 10, 2012