The headline writer apparently didn’t read a good article on wages very closely. Wages are not about to fall to an 18 year low, as the headline asserts. The point was that real wages are likely to see their sharpest drop in 18 years. That’s different.

–Dean Baker

Dean Baker is senior economist at the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, including Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer. Read more about Dean.