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The former led to inequitable incomes and the latter to depressed wages.
Class matters too – middle class and rich women benefit from the depressed wages during economic crises.
Depressed wages and higher taxes mean there will be little improvement in average living standards for a while.
Reading El Pais this week, I was struck by below-the-line comments furious at depressed wages and immigration.
"The gossip among economists is one reason for the depressed wages is that the baby boomers are retiring", said Rupkey.
The A.F.L-C.I.O., for example, saw them as an economic fifth column that took away union jobs and depressed wages.
Workers in these countries bear the cost in depressed wages and higher unemployment, while employers benefit from cheaper labor.
Contrasting Labour's approach with the Tories', the Prime Minister will say: "For us, business is not a conspiracy of runaway profits, depressed wages, inequality and unfairness.
People working for free (or for depressed wages) drive down the pay for bloggers who do get paid for their work.
"There is no doubt that these conditions are still of extreme poverty, built on low and depressed wages, but we are trying to change that".
It said depressed wages in these sectors helped make the last five years the longest period of falling real incomes in two generations.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com