One of the biggest lags on wage growth for the bottom half of Americans is the fact that the rest of the world is now competing with them for jobs, and able to

One of the biggest lags on wage growth for the bottom half of Americans is the fact that the rest of the world is now competing with them for jobs, and able to do so via price. This won't last forever, because as those places get richer their wages go up, and "low wages" is their primary competitive advantage.