Thanks in part to Chinese government policies, the country's labor-intensive export factories have for most of the past decade operated almost in defiance of the rules of economics, enjoying stagnant wages, ample coastal land near the ports, and a seemingly endless supply of pliant labor.
And apparently there is much to support this: "All credible research finds the same evidence about the STEM workforce: ample supply, stagnant wages and, by industry accounts, thousands of applicants for any advertised job.
The reason that many generation Y adults are living at home with Mom and Dad is that unemployment or underemployment, coupled with the minimum-wage jobs that they have disproportionately inhabited by default, do not provide wages ample enough to make renting a decent apartment or putting a down payment on a home possible.
Placed in this context, today's warnings latest do little to advance the government's position in favor of tightening prohibition, and provide ample ammunition to wage for its repeal.
FOR a long time, the economics of the minimum wage was easy to grasp and provided ample reason to dislike wage floors.
The wages and ample opportunities for advancement may help explain why unions are absent at many foreign-owned plants.
Forty years seems like ample time to have waged the battle this way, particularly when I think of the narcotics cops who took their own lives or themselves became victims of alcohol and drug abuse.
These are vast corporations with profit margins ample enough to absorb wage hikes.
In good times, Detroit made ample profits, despite paying generous wages, Mr. Shaiken notes.
We have ample resources to supplement lagging wages by raising the Earned Income Tax Credit, which Ronald Reagan called the most effective antipoverty program ever devised by Congress.
