Community HangOut. • The Middle Class in America Is Radically Shrinking.

Posted July 25th, 2010 by BonTrade and filed in BonTrade News

Here Are the Stats to Prove it Someone pointed me towards this link, and I think it is well worth a mention in here. Look forward to your comments. Cheers. Bon. Recent statistics prove beyond a shadow of a doubt that the middle class is being systematically wiped out of existence in America. The rich are getting richer and the poor are getting poorer at a staggering rate. Once upon a time, the United States had the largest and most prosperous middle class in the history of the world, but now that is changing at a blinding pace. So why are we witnessing such fundamental changes? Well, the globalism and “free trade” that our politicians and business leaders insisted would be so good for us have had some rather nasty side effects. It turns out that they didn’t tell us that the “global economy” would mean that middle class American workers would eventually have to directly compete for jobs with people on the other side of the world where there is no minimum wage and very few regulations. The big global corporations have greatly benefited by exploiting third world labor pools over the last several decades, but middle class American workers have increasingly found things to be very tough. Here are the statistics to prove it….. Statistics: Posted by Bon — Sun Jul 25, 2010 8:33 am

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Community HangOut. • The Middle Class in America Is Radically Shrinking.

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