It looks like that may be the case:
With "no end in sight" for U.S. job losses amid a recession that could stretch into 2010, American workers will soon have to contend with another blow to their confidence: stagnant, or even falling wages.
Job seekers — already coping with the highest unemployment rate in a quarter century — can also expect lower pay once they land a new job, labor market experts say, because the current downturn shows no signs of turning around anytime soon.
"There's no end in sight," said Tig Gilliam, chief executive of Adecco Group North America, the third-largest U.S. employer behind Wal-Mart and the postal service.
"March is going to be the same, and I don't see anything that will make April better." Lower wages, in turn, could further erode the outlook for the U.S. economy by hurting consumers' spending power.
