In the late 1980s and 1990s, a doubling of unemployment over six years would probably have led to the realwages of the average worker being about 7% lower than if unemployment had stayed the same.
The result has been a boom in high-skilled manufacturing work--with a projected 10% rise in such jobs over the next year--and a steady increase in realwages, an average 2.4% a year (after inflation) over the last three years.