Read the Bubble Primer, and see what we need to get back to a median of wages/prices ratio of 7. We are at over 14 today.
Why would wages suddenly rise? No, I doubt it. Competition from China and illegals have kept downward pressure on wages and those forces are not going away soon. Healthcare costs keep rising so any extra pay that employers can offer, is passed on to the benefits portion of compensation, not to the wages.
That leaves prices. Prices will come down to revert to a ratio of 7.
