http://globaleconomicanalysis.blogsp...n-deepens.html
the brunt of the article points out that, besides the ongoing loss of high paying union jobs in the auto industry, America is now experiencing both a huge loss of jobs in 'high tech' industries as well as a huge loss of jobs in the 'investment banking' industry. None of these high paying jobs are likely to ever return ( in the US anyhow ).
Arguably, these developments point to a major decline in both earnings and opportunities for the US 'middle class' as a whole. Arguably, this will be the catalyst for a fundamental change in American socioeconomic structure ... with the 'hollowing out' of the US 'middle class' leaving America as a nation divided between the rich 'elites' and the 'powerless' poor. And arguably this trend will be accelerated by the results of the upcoming US presidential election.
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