Globalization is killing the American worker, as wages drop to $10 per hour. The article leads with an anecdote about Delphi, where union workers are being asked to take a two thirds pay cut.
“How do U.S. firms compete in the global economy?” asked UC Berkeley economist Harley Shaiken. “If the only way to compete is with $10 wages, we have a problem that is much larger than just Delphi. We’re looking at a society where people exit rather than enter the middle class.”