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A Superpower in Decline: America's Middle Class Has Become Globalization's Loser
Continue to the storyThe feedback effects involved in globalization are especially intense for the US economy -- so much so that large parts of the US workforce are now standing with their backs against the wall. Via RawStory: "The rise of Asia has only led to a relative decline of the US national economy. At least so far. But for many blue- and white-collar workers, this decline is already absolute because they have less of everything than they used to. They possess less money, they are shown less respect in society and their chances for climbing up the social ladder have deteriorated dramatically. "