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The incredible shrinking middle class.
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<blockquote data-quote="brett636" data-source="post: 290557" data-attributes="member: 249"><p>Manufacturing is no longer what our economy is about. Some manufacturing is good, but our economy is more serviced based and less manufacturing based. This same trend is occurring in other first world countries as well such as the UK and Germany. The bottom line is a lot of the goods you and I buy would not be as cheap as they are if they had not been produced overseas. If you read my article above you would see that middle class Americans as a whole are earning more money, not less. Therefore its safe to say that manufacturing jobs lost are not being replaced with lower paying positions as you suggest. A job lost overseas does equate to some short term financial pain, but it does force people to learn new skills in order to qualify for other well paying jobs. This makes our economy more dynamic.</p></blockquote><p></p>
[QUOTE="brett636, post: 290557, member: 249"] Manufacturing is no longer what our economy is about. Some manufacturing is good, but our economy is more serviced based and less manufacturing based. This same trend is occurring in other first world countries as well such as the UK and Germany. The bottom line is a lot of the goods you and I buy would not be as cheap as they are if they had not been produced overseas. If you read my article above you would see that middle class Americans as a whole are earning more money, not less. Therefore its safe to say that manufacturing jobs lost are not being replaced with lower paying positions as you suggest. A job lost overseas does equate to some short term financial pain, but it does force people to learn new skills in order to qualify for other well paying jobs. This makes our economy more dynamic. [/QUOTE]
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