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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>Debunking the "It's China's Fault That American Worker Real Wages are Falling" Myth | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="tmITGnCXJw"&gt;&lt;a href="https://www.nakedcapitalism.com/2012/09/debunking-the-its-chinas-fault-that-american-worker-real-wages-are-falling-myth.html"&gt;Debunking the &#x201C;It&#x2019;s China&#x2019;s Fault That American Worker Real Wages are Falling&#x201D; Myth&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2012/09/debunking-the-its-chinas-fault-that-american-worker-real-wages-are-falling-myth.html/embed#?secret=tmITGnCXJw" width="600" height="338" title="&#x201C;Debunking the &#x201C;It&#x2019;s China&#x2019;s Fault That American Worker Real Wages are Falling&#x201D; Myth&#x201D; &#x2014; naked capitalism" data-secret="tmITGnCXJw" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>Even in the cases where the outsourcing cost savings were significant, the idea that American wages were way out of line with Chinese wages and the only future for American workers was grinding wages lower and lower to compete with China has been oversold.</description></oembed>

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