The Motley Fool Discussion Boards
Investment Analysis Clubs / Macro Economic Trends and Risks
|Subject: Middle Class[Income] Jobs ain't Coming Back?||Date: 1/23/2013 9:13 AM|
|Author: tjscott0||Number: 414089 of 481822|
If true this is a VERY disturbing as it is the middle class that drives the economy & pays the majority of gov't funding which funds already shaky senior entitlements.
This could lead to major political upheavals & population class conflicts.
Five years after the start of the Great Recession, the toll is terrifyingly clear: Millions of middle-class jobs have been lost in developed countries the world over.
And the situation is even worse than it appears.
Most of the jobs will never return, and millions more are likely to vanish as well, say experts who study the labor market. What's more, these jobs aren't just being lost to China and other developing countries, and they aren't just factory work. Increasingly, jobs are disappearing in the service sector, home to two-thirds of