Real Wages

Here's a chart of weekly wages adjusted by the CPI-U over the years. There are many, many ways I could have put a line through those points. I chose a simple 2nd order polynomial. Maybe I'm too bearish. Maybe I shouldn't be concerned about how poorly wages have grown even as unemployment has fallen (and what might happen to wages should unemployment begin to rise again). Maybe I shouldn't be concerned about billions of foreign workers now competing with us. Maybe I shouldn't even be concerned about our banana republic level trade deficit. Maybe.