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Economike, I'm curious for your take on this post:
http://jaredbernsteinblog.com/julys-jobs-report-solid-jobs-but-little-wa...
Specifically, the chart at the bottom with the huge divergence between productivity increase and wage growth.
The author attributes it to weakened labor unions and globalization but doesn't really give any kind of proof, he just sort of hand-waves it like a college professor.
The divergence does correspond with the rise of Japan, which was then followed by Korea, China, and India, so there's that. Would be interesting to see this graph but with global data, not just U.S. data.