patrick.net

http://www.oftwominds.com/blogmar13/employment3-13.html

Many people point to offshoring/global wage arbitrage as the key driver of stagnant wages and employment in the U.S., and this is certainly a factor. But we would be remiss not to note the other equally important drivers: 1. A system in which inefficient quasi-monopolies/cartels (defense, healthcare, education) are protected by a debt-based, expansionist Central State. 2. The exhaustion of the consumption/debt-based economic model.