The bulk of the jobs that have been added have indeed been at the lower paying levels. With credit tight, the housing ATM shutoff, and jobs being replaced by workers in low costs countries or robots, how will the middle class endure?
Friday, November 16, 2012
Middle Class Struggle
The graph below helps to support an earlier post [More Economists Finally Admitting Globalization a Root Cause of Decline of U.S. Middle Class] that we discuss the downward spiral of the middle class.
The bulk of the jobs that have been added have indeed been at the lower paying levels. With credit tight, the housing ATM shutoff, and jobs being replaced by workers in low costs countries or robots, how will the middle class endure?
The bulk of the jobs that have been added have indeed been at the lower paying levels. With credit tight, the housing ATM shutoff, and jobs being replaced by workers in low costs countries or robots, how will the middle class endure?
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