We’ve seen a decreasing middle class in America over the last three decades, meanwhile in countries like China, India, and Brazil a middle class is beginning to emerge, do you think that is a coincidence? The people of occupy wall street talk about income equality, where is the equality when two workers with similar skills can perform the same job but one gets paid $25/hr and the other gets paid $2/hr, and the only difference is one lives in the US and the other lives next door in Mexico?
Middle class incomes in the US have zero reason to grow beyond the rate of inflation, in fact they probably should decrease. We live in a global economy and middle class workers in the US have to compete with workers in China, India, and Brazil where the wages are substantially less. Eventually things need to balance out, and when they do there will be winners and losers, and right now the losers are the American middle class worker.
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