6 ms·
The erosion of America's middle class
- jleyank 16y agoThis is a messy subject, tied into globalization. Yeah, it's nice having cheaper stuff at Wal-Mart, but you need a job to be able to consume. I worry we've gone past the balance point, with too many lost jobs/customers. Things tend to be cyclical, but that doesn't mean the next few months/years will be easy.