The bargaining power of workers is being undermined by large-scale immigration and by trade policy. The National Academy of Sciences report on immigration foun

The bargaining power of workers is being undermined by large-scale immigration and by trade policy. The National Academy of Sciences report on immigration found that current immigration policy diverts a shocking 500 billion dollars a year away from wage earners (and a net benefit to the economy of about 50 billion dollars a year from immigration). I suspect trade policy has an even bigger impact. Everything else is lower order.