Why American workers standard of living has fallen?

Contrary to the belief that Americans are paid well, the standard of American workers has fallen tremendously in the last decade. About 67.1 per cent of wage earners in 2012 earned an average wage less than or equal to $42,498.21. According to the Social Security Administration, 50 per cent of wage earners make less than or equal to $27,519.10 annually. The reasons for the decline in the standard of...