Schmitt, John; Jones, Janelle - Center for Economic and Policy Research (CEPR) - 2012
, especially those at the middle and the bottom of the pay scale. The restructuring of the U.S. labor market – including the … decline in the inflation-adjusted value of the minimum wage, the fall in unionization, privatization, deregulation, pro … unemployment well above the full employment level – has substantially reduced the bargaining power of U.S. workers, effectively …