Hey guys, I just ran across this article from the New York Times that I found pretty interesting, since it pertains to some of the topics we have discussed in class. It explains how the middle-class has suffered pretty hard over the past few years, and it offers some reasons to have higher hopes looking forward. Such reasons include higher wages in China, technological innovation in China, increased trade, and even the presence of religion.
Personally, I think that these issues have a lot more to do with the distribution of wealth in the United States than these factors. They might help out the middle-class in some ways but I feel as though the effect will be minimal. What do you guys think? Are exogenous factors such as economic changes in China going to play a part in saving the middle class, or is it going to have to happen internally? Will it be a mix of both?