falling wages, n.All

Falling wages (n.) were ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠hailed in the Reagan years by the business press as a welcome development of transcendent importance.