Global Labor Glut Sinking Wages Means U.S. Needs to Get Schooled


The long-sought rise in American wages is being suppressed by a global labor glut that is undermining policy makers’ efforts to wring slack from the U.S. job market.

The most effective way of combating this oversupply is to promote increased training and education of U.S. workers so they can provide skills unavailable elsewhere to employers, according to experts who have studied the problem…

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