Felix Salmon brushes up on wages:
[R]eal wages in general have been falling, for the first time since the Great Depression. And with unemployment still at 10%, there’s not much hope that they’ll start rising again any time soon. If you want to see incomes go up in your city or region, your best hope is frankly just to get lucky, like [the city of Manhattan, Kansas] did. Because wages in the U.S. as a whole aren’t going anywhere.
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