Fracking and Wages

Fracking and Wages
A bit off of the ordinary Anchor line. Fracking and US Wages. Hydraulic fracking, and the discovery of whole new fields of energy in the US has fundamentally changed the energy economics of the world. In a like manner the continuing shift of manufacturing from one part of the world to another has changed wage patterns—and has changed wage patterns in the United States. Fracking has lowered the cost of fossil fuel, and the cost of gasoline and has affected the economies of the Middle East and the world, changes in manufacturing patterns have changed wages in China, the world, and in the United States. Pressures are mounting to change wage patterns, and to change the economic drivers in the economy. Both subjects were treated on the same day in the Wall Street Journal. Holman Jenkins, Jr William Galston