To be accurate or relevant we should understand that labor rates are flattening globally due to ........wait for it ...Globalization. And by flattening i mean becoming similar, and why not since the cost of shipping work has dropped dramatically.
So the future living standard for the US worker and his boss is for it to approach the median of the global population.
Shanty towns and subsistence living anyone.
Payroll tax increase is hitting the working stiff in the most obvious way...smaller paycheck, and at a time when gas prices are causing inflation across the board. I said it many times. Obama's socialist policies are hurting the working stiff, and the poor the most.