All this is bad for Europe -- and the United States.
Thanks for the info. Looking at in on a macro scale, I wonder if the USA is just a few years behind Europe. Maybe China is the world power of the future. These things happen in slow motion.
Originally Posted by
NE_Pilot
I do not know if the middle class is really disappearing, or infact growing. With an increasing gap between Rich and Poor, there will be a larger difference between Upper Middle Class and Lower Middle Class. So what was once the Lower Upper Class, and the Upper Lower Class, are now becoming part of the Middle Class.
But then again, I could be wrong on how that all works.
Considering that pilots used to be upper middle class and are now firmly in the middle, it seems the "bell" shape is skewing to the low end.