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Whose wages matter?

It seems there is constant discussion surrounding income inequality and what it means for the economy. In the U.S. the Gini coefficient, a measure of wealth distribution, has continually increased over the past several decades, signifying an ever-increasing disparity between the rich and the poor. In addition, we are still reeling from the recent global recession and unemployment remains relatively high.
Companies seeking lower operating costs have hired substantially lower-wage employees in developing countries than they could in the developed world. This draws valuable jobs away from qualified potential employees.
Over the past 20 years, the U.S. has ...

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