Depressed Wages

I think this Truthout article is insightful and it relates to Obama's comments on the nature of the economy in the U.S.

Real wages have been declining when adjusted for inflation for several decades. The Truthout article talks about the productivity gap. Overproduction leads to recession.

I recently read an article in the April issue of Harper's magazine called Infinite Debt which explains how high profits in the finance sector brought about by deregulation created the economic incentive to shift capital away from manufacturing which ultimately had the effect of depressing wages.

Obama is trying to address the real, long-standing problems.