05-08-2016, 11:02 PM
If these stagnant wages were due to globalization, trade and/or technology we would see similar wage stagnation in other advanced economies. However:
![[Image: 191022_14527966182417_3.png]](https://staticseekingalpha.a.ssl.fastly.net/uploads/2016/1/191022_14527966182417_3.png)
Unless countries like Japan, the UK and France are somehow much less under the forces of globalization and technological change, but there is no reason to believe that. In fact, quite the contrary, these are smaller and therefore somewhat more open countries. They should have suffered more from trade and globalization, not less.
Unless countries like Japan, the UK and France are somehow much less under the forces of globalization and technological change, but there is no reason to believe that. In fact, quite the contrary, these are smaller and therefore somewhat more open countries. They should have suffered more from trade and globalization, not less.