The Wageless Recovery

Corporations are simultaneously finding ways to cut the pay of their
remaining U.S. workers -- not just threatening job losses if they don't
agree to the cuts, but also automating the work or sending it to
non-union states. (The Wall Street Journal's editorial page, an
unremittingly reliable barometer of Street thought, argued earlier this
week that such states offer workers the freedom to choose whether to
join a union -- in reality, the freedom to lose even more bargaining
power and be forced to accept even lower wages.)


America's jobless recovery is becoming a wageless recovery. That puts
the odds of another recession greater than the risk of inflation. Wall
Street and its representatives in Washington don't understand -- or
don't want to.

Wall Street and its representatives in Washington don't understand -- or don't want to.

The bill, by Sen. Nancy Detert, R-Venice, has the backing of Florida’s business lobby............

Detert replied that “most of us do not agree there’s inflation” and she said that the increase to $7.25 is “about as fair as you can get in this world today.”