From Chronicles Magazine
By Tom Piatak
This month (July) the Census Bureau reported
that the inflation adjusted median income for male workers was $32,127
in 2010, less than the $32,844 such workers earned in 1968. There are,
of course, many reasons for this prolonged wage stagnation, but chief
among them are mass immigration, which began with the Immigration Act of
1965, and free trade, which was given a substantial boost by the
Kennedy Round of GATT, also occurring in the mid-1960s. Unfortunately,
despite some rhetorial flourishes, both Barack Obama and Mitt Romney
remain committed to both mass immigration and free trade. So, whoever
wins in November, middle class Americans will continue to lose.
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