Here's The Biggest Problem In The American Economy

Henry Blodget  |  Sep. 29, 2012, 9:25 AM

Several factors have come together to produce a frustratingly weak economy that has persisted in the U.S. for more than a decade:

• "Globalization" has opened up a vast pool of billions of workers who work for much less than Americans. This, in turn, has resulted in companies shifting formerly middle-wage-paying jobs overseas.
• Technology has continued to increase productivity, allowing companies to do more with fewer employees.